Economic Report:

Are baby boomers saving enough for retirement? For many, it depends on the stability of the housing market. A recent Market Watch article found that housing prices remain level until 2009 the median household wealth for those between 45 and 54 will be 25 percent less than in 2004. If prices drop by 10 percent by next year the median household would experience a 35 percent drop in wealth, if they drop by 20 percent the fall would be 46 percent.