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Joe Stocks

05/12/03 6:43 AM

#106622 RE: TJ Parker #106611

>>hmm. but shouldn't we expect boomers to live longer? <<

Yes but they will be selling off excess property and downsizing all through retirement.
The gains on longivity are slowing down. Additionally the boomers living longer is a big part of the problem. Net producers of goods and services for 40 years and then net consumers for 20-25 years. Back in the 50's it was closer to 40 years of working and 5 in retirement if you got that far.

Joe