The Illusion of Wealth: How Boomers' Debt Burden Threatens a Secure Retirement The notion that baby boomers are the wealthiest generation in American history is based on data showing their impressive accumulation of wealth over the years.
However, this rosy picture conceals a disturbing reality: many boomers are retiring with record levels of debt, threatening to undermine the financial security they've worked hard to achieve.
A key factor contributing to this predicament is the disconnect between boomers' net worth and cash flow.