We already know that most of the Boomers have another thing coming if they expect us to actually slave away for the rest of our lives in order to pay for their mistakes.

But now it gets worse for these over-spenders. Most of the boomers haven’t saved nearly enough to self-fund their lavish lifestyles in the retirement years. In fact, most boomers drank the kool-aid of the last few years and expected home prices to continue inflating forever; thus, retiring boomers would just sell their house in order to pay for an early retirement on the golf course.

Unfortunately, the price of homes is crashing with no end in site. Each percentage down equates to a less luxurious retirement for these soon-to-be-retirees.

An article from The Street.com goes into more detail…