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Reply to "Top 1% of Retirees Have 16.7M"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why would it? We all know the baby boomers were pretty bad at saving. Most of how they did it was by lucking in to homes that increased in value exponentially. My parents in law (retired boomers) are not who I want to emulate in terms of savings. They still have to count every penny in retirement. I don't want that. [/quote] I thought the evil boomers were all sitting on piles of cash that they refuse to give their children?[/quote] Massive increase in value of property and stock market run ups. Also generationally routinely vote for tax cuts that benefit them and kick the can to their children and grandchildren. They’re not, as a generation particularly good voluntary savers. [/quote]
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