NEW YORK: New research has proven just how valuable the over 50s are.
According to a new report, the over 50s holds 69.7 per cent of all household wealth. This makes the money management of the over 50s critical to the economy as a whole.
The report shows that the share of financial, pension, property and physical wealth owned by the over 50s has increased consistently over the past five years. This age group now controls more than half of the assets held by households…