“Baby boomers now in their 50s have lower incomes, wealth, homeownership rates and more debt than generations before them, according to a report from the Harvard Joint Center for Housing Studies and the AARP Foundation. A third of Americans 50 and older spend more than 30% of their income on housing, while 37% of those 80 and older spend more than 30% on housing.” Boomer Doomer – The Other Side Of High Rents
