Thursday, 27 January 2011
Interesting information on how the boomer's are affecting the market. Now that the boomer's are retiring and not paying into the social security system as they once were, the amount being paid into the social security system by the next generation is much smaller. In addition, the homes that we are downsizing from are very large and unwanted by the buyers of today, adding to the large inventory of homes. Interesting how the economy is being affected by the changing to retirement age of a larger number of people in the retiring age of our society.