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Boomer retirement: headwinds for U.S. equity markets?

Liu, Zheng; Spiegel, Mark M. - In: FRBSF Economic Letter (2011)

Historical data indicate a strong relationship between the age distribution of the U.S. population and stock market performance. A key demographic trend is the aging of the baby boom generation. As they reach retirement age, they are likely to shift from buying stocks to selling their equity...

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