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Baby Boomers in Retirement
The Baby Boomer generation has saved more, invested better, and retained a higher quality of life than the generation before and after them. The wealth of the Baby Boomer generation will live on to affect Generation X and the Millennials as well. Baby Boomers have a lot of savings to spend in retirement, they also have a lot of equity that they may choose to liquidate in later years. Their excess money helps the younger generations no matter what they choose to do with it. Spending the money will spur the economy and generate new jobs and extra savings for the younger generations while holding on to their money will spur investments as a legacy to their offspring. For more information on this visit this article on Bankrate.com with Jennie L. Phipps.
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