Most baby boomers can’t afford assisted living and are weighing on the housing market by staying in their homes, ‘Oracle of Wall Street’ says

fortune.com/2025/05/10/boomers-wealth-housing-market-outlook-millennials-meredith-whitney

While baby boomers are collectively sitting on $75 trillion in wealth, that's not distributed evenly, meaning many can't afford to move out and instead must stay in their homes. That's weighing on the housing market by holding back inventory, according to top Wall Street analyst Meredith…

This story appeared on fortune.com, 2025-05-10 22:00:48.
The Entire Business World on a Single Page. Free to Use →