Markets Reportedly Safe From Retirement Boom
From Times Wire Reports
A congressional investigation has found no danger that a wave of retiring baby boomers will cause a precipitous decline in the stock market by suddenly selling off assets.
The Government Accountability Office concludes that most boomers have few assets to sell, retirees tend to spend their assets slowly, longer lives may stretch that out even more, and many will probably continue working past their normal retirement ages.
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