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The roughly 71.6 million men and women of the postwar baby-boom generation started hitting retirement age about a decade ago. But it’ll be another dozen years before the whole generation has ...
Study data shows that although Baby Boomers currently believe they will need $990,000 to retire comfortably, or almost 40% less than Gen Z, they have only saved $120,300, an $870,000 difference.
A recent Scholaroo study found that baby boomers are the generation with the second-highest average amount of credit card debt — with Gen X in the lead — with an average debt of $7,464 ...
Learn More: These 3 States Are Too Expensive — Try These 3 Instead. The 12 Worst States for Baby Boomers and Their Money. 12. Tennessee. Overall Score: 48.41. Affordability Rank: 6. Quality of ...
24/7 Key Points. Increased housing prices are squeezing baby boomers. Growing insurance premiums and property taxes are taking a chunk of baby boomer savings.
Boomers -- individuals born between 1946 and 1964 -- represent 21% of the U.S. population, according to Axios. And this year, the country will see the largest surge of retiring Americans in history...
A 2024 survey by AARP found that 20% of Americans ages 50 and over have no retirement savings and more than half (61%) are worried they will not have enough money to support them in retirement.
"The 401(k) transition looms large for Gen X and working baby boomers, and many working Americans have taken a long time to adapt to the new retirement system—some too long," Goldman's report notes.