Baby boomers are flush, with high interest rates fattening their savings accounts. Young Americans, they’re struggling with debts, sky-high rents and mortgage rates that are putting home ownership further out of reach.
That’s driving a new trade recommendation from Bank of America Corp., one aimed at exploiting the widening generational wealth gap: Go long on old-people stocks. Avoid those whose fortunes ride on cash-strapped millennials.
Source: thederrick.com
Baby boomers are flush, with high interest rates fattening their savings accounts. Young Americans, they’re struggling with debts, sky-high rents and mortgage rates that are putting home ownership further out of reach.
That’s driving a new trade recommendation from Bank of America Corp., one aimed at exploiting the widening generational wealth gap: Go long on old-people stocks. Avoid those whose fortunes ride on cash-strapped millennials.
Source: thederrick.com
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