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Here is an interesting article about how reverse mortgages have suddenly become the latest hot thing. http://themessthatgreenspanmade.blogspot.com/2007/06/new-mortgage-lending-growth-sector.html
Take a look at the chart at the bottom. Wow, it looks like it isn’t the boomers with all the money. The boomers have spent their money while their parents, who lived through the depression and learned some hard lessons, saved.