Money Management --- Page: 12 : 22 March 2007 Original article by Kate Katchor
ABIX Summary
The latest AMP/Natsem "Income and Wealth Report" shows Australian baby boomers are better prepared for self-funded retirement than it has been believed. Baby boomers have average equity in their home of around $A161,000 per person, with debts averaging $A59,000 per household. Craig Dunn, managing director of AMP Financial Services, welcomed the figures but said a large proportion of baby boomers' wealth was bound up in illiquid assets such as the family home.
