Tag: baby boomers
As more baby boomers retire, Social Security’s impending financial shortfall will become more pressing. To restore solvency, Congress can either cut Social Security’s pension benefits or increase the payroll taxes deducted from workers’ pay. Both policies would impact how much is available for households to spend. Researchers at the Center for Retirement Research find that t…
You’re not going to like this, baby boomers. You have more debt than the two generations born during the early Depression and World War II, much of it compliments of the mortgage bubble that financed your larger, more expensive houses. The housing bubble popped in 2008, but the mortgage on the new house or perhaps…
