Having just posted about Baby Boomers retirement threats, I saw this the next day at Marketwatch. With a headline of;

Housing crash hits baby boomers
Home-price declines will eat into boomer retirement nest eggs

CHICAGO (MarketWatch) — The collapse of the housing bubble will likely have drastic implications on the wealth and retirement of certain baby boomers, according to a report Tuesday by the Center for Economic and Policy Research.
The median household headed by those between 45 and 54 in 2009 will have about 25% less wealth than the median household of that age in 2004, according to the report. That household’s wealth will decline to $113,268 in 2009, from $150,113 in 2004.

This is a reality guys ……………. to read the whole report click here.

This is not only a USA event. The Baby Boomer generations are as dominant in Australia, New Zealand, Canada and South Africa. Internal geo-political situations differ between all these countries, but the size, weight and influence of the Boomer generation is dominant.

So sell the house, downsize and rent a smaller-cheaper place and invest in India and the emerging markets. Does that shake a few paradigms????????

Later,

Ima Boomer