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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (58593)	4/18/2006 3:05:35 PM
From: GST	Read Replies (3) \| Respond to of 110194

<most boomers aren't rich> We are in the midst of a large inter-generational transfer as the parents of boomers die and bail many, many boomers out with a large inheritance.

To: UncleBigs who wrote (58593)	4/18/2006 3:14:32 PM
From: shades	Read Replies (1) \| Respond to of 110194

most boomers aren't rich. CNBC is doing a special this whole week on BOOMERS. they said 70% of the nations wealth is concentrated into the boomers - now maybe it is just a few don trumps holding all the wealth and most boomers are broke. On one side of me is a mexican who makes 3 dollars an hour - he just brought his momma here from mexico a few months back. On the other side of me is a woman who hasn't had electricity in 12 years. She can barely afford the ramen noodles she walks to publix to buy. She said uncle arthur would have killed her years ago back home in ontario. I talked to a broke german woman named Inge a few weeks back - asked her why she came here to retire - she said germany was no fun and too cold and no jobs - she works as a clerk at a hotel. If you are broke and entering golden years - do you stay in detroit where there are no jobs or come to fla where we have the lowest unemployment in the nation? There are so many old people working all over this place - I agree I see the world through my own eyes - where do you live and what do the old people around you say they are going to do when they hit 65? Both Rich and poor boomers say they want to stay there?