Boomers to pull down markets?
September 28, 2009
'The CBO report provides some ideas, but has a long way to go before resolving the
question' of whether demand for and prices of assets will fall as boomers retire,
said Alan Gustman, a professor at Dartmouth University, and Thomas Steinmeier, a professor
at Texas Tech University.
Written by: Jessica Behnham
Many wise men have predicted the stock and bond markets will go into a free fall for
decades once baby boomers start withdrawing money from their retirement accounts,
but a recent report by the Congressional Budget Office suggests that won't happen
when boomers retire.
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