Friday, March 18, 2005

Canada NewsWire Group-Baby Boomers to Inherit Blood Money

Canada NewsWire Group: "Attention News/Business Editors:
Baby Boomers to Inherit Blood Money
EDMONTON, March 16 /CNW/ - The bulk of our population is set to receive inheritances greater than ever in history. The parents of baby boomers have worked hard over the years, wanting to be sure that their children would have more than they did during their lifetime. If baby boomers perceive this windfall as being like winning a lottery, the statistics are not in their
favour.
People handle different pots of money differently. In Canada, most lottery winners receive their winnings in enormous lump sums and then, just a few years later, statistics show they are worse off financially than they were before they won the money. Are baby boomers destined for the same financial fate as these lottery winners?"

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