Business Services Industry
Report: Baby boomers better prepared.
Australasian Business Intelligence, March, 2007
Byline: Kate Katchor
Mar 26, 2007 (Money Management - ABIX via COMTEX) -- The latest AMP/Natsem "Income and Wealth Report" shows Australian baby boomers are better prepared for self-funded retirement than it has been believed. Baby boomers have average equity in their home of around $A161,000 per person, with debts averaging $A59,000 per household. Craig Dunn, managing director of AMP Financial Services, welcomed the figures but said a large proportion of baby boomers' wealth was bound up ...
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