Baby boomers have a ton of their wealth tied up in stocks and housing. Here’s why that’s a risk to the economy.

Jennifer Sor Sep 21, 2024, 5:16 AM PDT

Senior couple enjoying a relaxing float in a pool with a downward trending stock line depicted at the bottom of the pool
Getty Images; Alyssa Powell/BI
Baby boomers’ wealth is an “underappreciated” risk to the economy, a portfolio manager told BI.
That’s because they could be heavily impacted by swings in stock and home prices.

A mild correction in either market could lead boomers to pull back on spending.

Insider Today

Read More

or

Go directly to this Business Insider article

Leave a Reply

Your email address will not be published. Required fields are marked *