Boomers have their net worth tied in "illiquid assets". Once unemployment starts to spike, and obligations need to be made. They can_t afford to wait 6 months for completion. Then the fire sale starts.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The best is still to come and way further out.
Boomers have their net worth tied in "illiquid assets".
Once unemployment starts to spike, and obligations need to be made. They can_t afford to wait 6 months for completion. Then the fire sale starts.