The housing crash has apparently frustrated the retirement plans of many.
The median household headed by those between 45 and 54 in 2009 will have about 25% less wealth than the median household of that age in 2004, according to the report. That household’s wealth will decline to $113,268 in 2009, from $150,113 in 2004.
And that’s if housing prices remain at the level they were in March.
That means you younger folk won’t be getting their jobs anytime soon!