Reported about 15 hours ago
Recent insights from Meredith Whitney, known as the 'Oracle of Wall Street,' challenge the widely held belief that baby boomers are wealthy. She highlights that many seniors live 'paycheck to paycheck' after COVID-19 stimulus support ended, with a significant portion of them unable to afford moving from their homes. Although baby boomers hold a substantial share of the nation's wealth, the unequal distribution reveals that nearly half are tapping into home equity for financial support, further complicating their housing situation.
Source: YAHOO