In the 1990s, however, the number of 18- to 34-year-olds shrank by 9 million and its poverty levels rose, while people older than 50 grew by 12 million. More important, he said, people older than 50 now control 70 percent of all U.S. wealth.
Aug. 21, 2005, 1:10AM
Baby boomers set to revolutionize retirement
Spending power shifts the market from the young to the young at heart
By DAVID KAPLAN
Copyright 2005 Houston Chronicle
Sunday, August 21, 2005
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