![]() Because before-and it’s almost a side point, so I won’t go that deeply into it-but there’s nothing inherently attractive about a boring old 30-year fixed. ![]() Boomers had the great timing of getting into the housing market at the time where the government creation of the 30-year fixed mortgage was really coming into mature form, in part backed by more government maneuvering that helped make 30-year fixed mortgages a lucrative investment once it was securitized on Wall Street. birthrate surged, as there was this huge leap in prosperity after The Depression and World War II. Of the 73 million baby boomers, they were mostly born in the midcentury, in the heart of midcentury, as U.S. Talmon Smith: Baby boomers just sort of hit the jackpot in terms of timing of when they were born. So, before we get into that story, can you just talk about why this is happening? Why have baby boomers done so well? Here are a few excerpts from Smith’s conversation with Morningstar’s Christine Benz and Jeff Ptak: The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) WinnersĬhristine Benz: Yeah, that’s good food for thought, and it’s a good segue to the main topic that we wanted to discuss with you today, which is this in-depth piece that you wrote for the Times in May, where you looked at the enormous amount of wealth that will transfer from baby boomers to their children and grandchildren over the next couple of decades.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |