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Asset value of houses has declined significantly

Early baby boomers who have been relying on cashing in houses for retirement will be find them significantly less valuable.

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US faces severe recession
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Early baby boomers will be hit particularly hard
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Asset value of houses has declined significantly
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Insufficient time to make up these losses
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Older workers find it harder to find new jobs
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Older workers often the first to be laid off in an economic crisis
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Value of 401-k plans declined significantly
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