Top News From Today's "Boomiverse"
Will The Markets Tank As Boomers Retire?
Robert Powell
MarketWatch
September 10, 2009
Overview:”Many wise men have predicted the stock and bond markets will go into a free fall for decades once baby boomers start withdrawing money from their retirement accounts, but a new report this week by the Congressional Budget Office suggests that won't happen when boomers retire.”
http://tinyurl.com/m9blow
When Home Shrinks
Harvey Araton
The New York Times
September 9, 2009
Overview: “Baby boomers are already driving a new market for smaller, less expensive homes, according to Stephen Melman, the director of economic services for the National Association of Home Builders in Washington. In a recent member survey, 59 percent of builders nationwide said they were planning to or were already significantly downscaling from the McMansion era.”
http://tinyurl.com/nsg956
Treating Aging Baby Boomers Cost Hospitals $56 Billion
Health News Digest
September 9, 2009
Overview: “U.S. hospitals spent roughly $56 billion in 2007 – 16 percent of their overall patient care costs – treating baby boomers ages 55 to 64, according to the latest News and Numbers from the Agency for Health Care Research.”
http://tinyurl.com/m4anvt