Summary List Placement

Baby boomers hold more real-estate wealth than any other generation.

The Silent Generation held that distinction until 2001, according to Michael Kolomatsky’s analysis of Federal Reserve Data for The New York Times. As was typical of older generations, many had begun selling their homes to move in with their families or into assisted-living facilities or nursing homes, leaving boomers to take over as the biggest wealth holders in real estate.

But boomers are now breaking tradition. They’ve surpassed the Silent Generation, per the Times’ data analysis, holding the most real estate wealth of any generation for details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com