While Bloomberg indicates that younger generations aren’t saving enough, older Americans are sitting on top of unprecedented piles of assets built through stock market and real estate booms.
1. What does a new study find about many U.S. retirees?
2. What are the financial statistics for American households and nonprofits according to the article?
3. What are some of the ideas you would suggest about training people to spend?
4. Why is the situation for wealthier older Americans different than that facing younger generations?
Steverman, B. (2017). Rich Retirees Are Hoarding Cash Out of Fear.Bloomberg, May 16 (Retrievable online at https://www.bloomberg.com/news/articles/2017-05-16/rich-retirees-are-hoarding-cash-out-of-fear)