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“The American stockmarket has generated a whopping $24trn of stock and mutual-fund wealth in the past five years. Almost half of that has been accumulated by Americans over the age of 70.”

“The American stockmarket has generated a whopping $24trn of stock and mutual-fund wealth in the past five years. Almost half of that has been accumulated by Americans over the age of 70.”

“The American stockmarket has generated a whopping $24trn of stock and mutual-fund wealth in the past five years. Almost half of that has been accumulated by Americans over the age of 70.”

“The American stockmarket has generated a whopping $24trn of stock and mutual-fund wealth in the past five years. Almost half of that has been accumulated by Americans over the age of 70.”

“One reason why elderly Americans’ appetite for risk has shot up is the dwindling returns on bonds. The average yield on ten-year US Treasuries has dropped significantly in the last 20 years.”