From the L.A. Times: As 70 million people born between 1946 and 1964 begin retiring, the big question is: Will they bail out of stocks and other assets to pay for their golden years?
For the last 40 years or so, many baby boomers have saved and invested diligently for their retirement. Now they may face a much different challenge: finding buyers for the mutual funds, individual stocks and other assets they'll need to sell to pay for their golden years.
The demographic bulge of the 70-million-some boomers has driven U.S. economic and market trends in each decade since World War II. They powered the housing market for much of that period, inspired an explosion of brand-name consumer goods and, in the 1980s and '90s, helped stoke the greatest stock bull move of all time.
Today they are an ever-expanding gray shadow on the national landscape: Every 24 hours for the next 19 years, an average of 10,000 boomers will turn 65. With that kind of lopsided societal shift underway, the question for the aging would-be sellers of stocks, homes and other assets becomes: "Sell to whom?
Read all about it at http://www.latimes.com/business/la-fi-0408-main-quarterly-20120408,0,1662543.story
No comments:
Post a Comment