I know much of the research shows many BB’s are no more prepared for retirement than any other age group, but the retirement stats in every age group across the board are far from impressive, especially when you realize only 5% of the entire population in the US have a million or more in assets.
I can’t speak for all BB’s but, personally, we’re well positioned for retirement, and most people we know in our age group are as well. We don’t plan to unload our assets, but plan to pass everything along to our kids–rental properties, etc.
IMO, it will affect various geographical areas of the country in different ways, but, again from the people we know, I don’t see anything on the radar that would indicate Baby Boomer retirements will result in mass foreclosures, or other dire circumstances in the San Diego area, but only time will tell.
