Baby Boomers Face Record Debt Despite Apparent Wealth

While baby boomers appear wealthy due to decades of home-price gains, many are retiring with unprecedented levels of debt, making their paper wealth difficult to live on.

21 Aug, 07:00 — 21 Aug, 07:00

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fortune10d ago

Baby boomers look richer than ever—but many are retiring with record levels of debt

Decades of home-price gains made older Americans wealthy on paper. Debt and rising costs are making that wealth harder to live on

By Mia Osmonbekov

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Baby Boomers Face Record Debt Despite Apparent Wealth

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Baby boomers look richer than ever—but many are retiring with record levels of debt

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