You couldn’t have lived through the last two decades without wondering at some point and time, “How are all these people around me affording these luxury cars? These vacations? These homes?” As the great recession has revealed, the majority couldn’t afford any of it. It was leveraged using home equity and credit card debt. Boomers are especially guilty as a generation. But are we starting to see a change in attitude?
According to this article in Bank Investment Consultant, a recent study by TD Ameritrade shows that there may be a trend among boomers to define success as ...continue reading