Baby Boom Retirees May Set Markets Teetering. / John Waggoner.
by Waggoner, John; SIRS Publishing, Inc.
Material type:
BookSeries: SIRS Enduring Issues 2002Article 34Business. Publisher: Gannett News Service (Syndicate), 2001ISSN: 1522-3191;.Subject(s): Baby boom generation, 1946-1964 | Economic forecasting | Retirees | Retirement income | Stocks -- PricesDDC classification: 050 Summary: "Baby boomers--the 79 million people born from 1946 through 1964--fueled the housing boom in the 1980s and the 1990s bull market on Wall Street. But now [2001] they're starting to approach retirement age, and that means cashing in on what they've gained. Boomers may not sell all their stocks, or sell them all at once, when they retire. But even if they move just a part of their retirement portfolios from stocks into conservative investments, some say they could send the stock market into a decade-long bear market." (USA TODAY) This article examines what effect, if any, the retiring baby boom generation will have on the future of the United States economy.
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Articles Contained in SIRS Enduring Issues 2002.
Originally Published: Baby Boom Retirees May Set Markets Teetering, Aug. 6, 2001; pp. 1B-2B.
"Baby boomers--the 79 million people born from 1946 through 1964--fueled the housing boom in the 1980s and the 1990s bull market on Wall Street. But now [2001] they're starting to approach retirement age, and that means cashing in on what they've gained. Boomers may not sell all their stocks, or sell them all at once, when they retire. But even if they move just a part of their retirement portfolios from stocks into conservative investments, some say they could send the stock market into a decade-long bear market." (USA TODAY) This article examines what effect, if any, the retiring baby boom generation will have on the future of the United States economy.
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