Where is a reference, or to whom could I contribute the quote,for "70%
of the wealth in America today is controlled by people 65+"???

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Request for Question Clarification by scottso-ga on 20 Jan 2003 21:34 PST

Hi rick123-ga,

Are you sure that those numbers are correct -- specifically, the 70%
figure and the 65+ age bracket?  I did a search through the past
month's worth of publications and could not find a single instance.

Scott
scottso-ga

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Clarification of Question by rick123-ga on 21 Jan 2003 10:58 PST

One of the last places I think I read the statement in question was in
a Financial Journal put out by the Financial Planning Assos. for
CFP's.  The statement may have had a variance in my figures, but they
would be minor variances.  "70% of the wealth in American today is
controlled by people 65,64,63,62,60+".  The numbers may be off a
little...but not much.

I found some information but I wouldn’t call it recent and the wealth
statistics don’t quite match your figures.

czh

http://www.suddenlysenior.com/seniorfacts.html
2002 SENIOR MARKET FACTS
Adults 50+ control a household net worth of $19 trillion. 
Own more than three-fourths of the nation's financial wealth 

Financial - The 50-plus population controls 77% of all financial
assets in the U.S., and account for approximately 40% of consumer
demand (Source: "Selling to Seniors" Monthly Report on Marketing, Jan.
1999).

http://www.seniorjournal.com/NEWS/FTR-6-26-00SnrsCntrlWlth.htm
December 10, 2002Kemper Funds Study Reveals Investors Over Age 55
Control Nation's Wealth,
CHICAGO, June 20  -- New research from Kemper Funds reveals that
investors aged 55 and older control more than 70 percent of the
wealth.