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Baby boomers set to inherit vast wealth claims
The article notes baby boomers, now aged 24 to 42, will inherit the largest bloc of assets since Solomon as they age. It cites Fed and Conference Board data showing the over-65 group owns 40 percent of assets and that elderly savings are often tied up in paid-off homes. Experts debate long-term effects on the economy.
MENTIONED IN THIS ARTICLE
Solomon
U.S
The
Conference Board
New York
Congressional Budget Office
Robert Avery
Federal Reserve
Midway
Warners
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