Boomers face falling net worth

Commentary March 12, 2009 at 08:00 PM
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  • $94,200 — Median net worth in 2009 of younger boomers, more than 45 percent less than in 2004.
  • $159,800 — Median net worth in 2009 for older boomers, nearly 50 percent less than in 2004.
  • 30% — Approximate percentage of households headed by a younger boomer that would need to cover mortgage and transaction costs at the sale of their home; 15 percent of older boomers would have to do the same.

Source: Center for Economic Policy Research