Where I am many, maybe most boomers I know have the same plan.. they are big in debt on a house and counting on home price appreciation for the next 10 years. Then they’ll all cash out and have enough to retire on.
The slight problem is they all have the same plan, and the younger generation doesn’t have much money.
The slight problem is they all have the same plan, and the younger generation doesn’t have much money.
You’re exactly right. A lot of us are counting on the younger generation to come along and bail our butts out of the boat and it may not happen !!!