Old book, by today's standards, but they seemed to have called it right. Although they predicted an uptick/surge in the value of retirement/second/vacation homes, which has gotten out of reach for many.
money is piling into bond mutual funds.
What type of bond funds? Municipals? What city or state out there isn't facing a fiscal crisis, with the possibility of bankruptcy and default? If inflation kicks in, the value will drop and the meager interest won't be much solace.
It's all too easy to believe it when chicken little says, "The sky is falling!"
On the other hand, despite the cost of healthcare, baby boomers are living longer and healthier lives than their grandparents, so can afford to keep working at jobs they enjoy.
AI
