Boomer Debt Growing, Net Worth Lower Than It Was In 1989
The average net worth of Americans between 55 and 64 was $168,900, which is $6,400 lower than the average in 1989 when adjusted for inflation, the Wall Street Journal reports. Members of the “baby boomer” generation have five times as much debt as the previous generation, and that’s causing economic trouble as people approach retirement. “This…
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Sure is empty down here...