Boomers to pull down markets?

'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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