Most baby boomers can’t afford assisted living and are weighing on the housing market by staying in their homes, ‘Oracle of Wall Street’ says

• While baby boomers are collectively sitting on $75 trillion in wealth, that's not distributed evenly, meaning many can't afford to move out and instead must stay in their homes. That's weighing on the housing market by holding back inventory, according to top Wall Street analyst Meredith Whitney.

Baby boomers are dragging on the housing market because most can't afford to move out of their homes, according to Meredith Whitney, the “Oracle of Wall Street” who predicted the Great Financial Crisis.