this post was submitted on 20 Oct 2023
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FIRE (Financial Independence Retire Early)
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I wonder why the oldest demographics were so insulated from 2008. Maybe they were less likely to live in areas with a housing bubble? Not living in McMansion city and all that.
Assets in a mix of cash and bonds and no need to sell their house? Just a guess.
Pensions and paid off houses would be factors I would guess.