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A survey by Age Wave and Edward Jones showed 16% of baby
boomers and 6% of adults ages 75 and older said the novel coronavirus
pandemic has had an extreme or very negative impact on their financial
security, compared with about one-third of younger adults ages 18 to 39.
Age Wave CEO Ken Dychtwald said older adults have safety nets, such as
Medicare and Social Security, and are more likely than younger adults to
rely on home equity to get through this financial crisis.
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