What If Boomers Can't Retire?
How to Build Real Security, Not Phantom Wealth
by:
Thornton Parker
in:
Personal Finance
Summary:
The book explores the potential economic and social consequences of a scenario where the Baby Boomer generation is unable to retire due to insufficient savings and the instability of pension systems. It delves into the flaws of relying on "phantom wealth" like inflated asset values and offers strategies for creating sustainable financial security for retirees.
Key points:
1. Phantom vs. Real Wealth: Parker differentiates between volatile "phantom wealth" like stocks and stable "real wealth" like goods. He warns against relying on phantom wealth for retirement.
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