The average 401K has $50K in it and about 33% of them have less than $35K.
One of the explanations for the lack of boomer savings is that they are relying on the equity in their real estate for retirement.
But if all the boomers are going to sell their houses when they retire, who will buy them?
Is there a demographic group large enough to buy all those homes? As anxvariety points out, it won’t be the 20-somethings who are living paycheck-to-paycheck.
Won’t a massive boomer selloff result in declining prices?
