The study, “The Wealth of the Baby Boom Cohorts After the Collapse of the Housing Bubble,” finds that net worth for near retirees ages 45 to 54 and ages 55 to 64 has declined at a rapid pace since 2004 and many of these households will have little wealth to rely on in their retirement other than Social Security and Medicare. Data from the report was submitted as part of Dean Baker’s testimony before committees in both the House and Senate this week.

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