TITLE

Baby Boomer Market Meltdown Unlikely…

PUB. DATE
November 2006
SOURCE
Journal of Financial Planning;Nov2006, Vol. 19 Issue 11, p10
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article reports that the Government Accountability Office believes that it is not likely that baby boomers will negatively affect the stock market by sharply selling off financial assets when they retire. A review of academic research and market behavior found that the fears are unfounded because the majority of baby boomers have few or no financial assets to sell, most current retirees spend assets slowly, with boomers expected to continue the trend, and many boomers will work beyond traditional retirement ages.
ACCESSION #
23138520

 

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