a new report from the Center for Economic and Policy Research (CEPR) shows that, due to the collapse of the housing bubble, the vast majority of Americans have accumulated little or no wealth. This means that they will be almost completely reliant on Social Security and Medicare to support them in their retirement years." This is odd. Accumulated wealth via home equity has little to do with disposable income during retirement. Very few people sell or downsize in retirement, so the value in the home rarely ends up being used for daily/annual support. Sounds like someone is trying to overhype an admittedly sad situation in housing.
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