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re: What happens to homes when occupant passes?
Posted on 5/7/24 at 5:57 pm to Antonio Moss
Posted on 5/7/24 at 5:57 pm to Antonio Moss
quote:
Which is really amazing. The youngest baby boomers are around 60 years old. How can almost half still have a mortgage?
Boomers weren't good with their money- this article will be a year old tomorrow
quote:
-More than two-fifths of baby boomers are nearing retirement with no retirement savings.
-In the 55- to 64-year-old boomer age group, 58 percent of Americans own retirement accounts.
-The median baby boomer household isn’t doing much better, with $134,000 in retirement savings in 2019, the most recent federal data. That’s about one-third of the average retirement savings in that age group, $408,420, a figure inflated by the super-rich.
-Among retirees, the average savings account dwindled from $192,000 to $171,000 in 2022
-The share of retirees with no savings jumped from 30 percent to 37 percent
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