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For as long as I’ve been a business owner, the narrative surrounding the baby boomer generation was all about the coming retirement wave. We were promised a mass exodus from the workforce, a ...
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 ...
As the baby boomer generation enters retirement, a growing number of them face unexpected financial challenges that threaten their retirement security. Even those who have worked hard and saved ...
The oldest Baby Boomers, a large demographic cohort, had started to reach retirement age in the 2010s. [40] By the early 2020s, about one in six Americans are 65 or older. [ 55 ] In 2020, the median age of the United States is 38.8, up from 37.2 in 2010, [ 43 ] 35 in 2000, and 30 in 1980. [ 56 ]
The average retirement savings for Baby Boomers is just over $200,000. Since the last Boomers won’t retire until 2031, there is still plenty of time to boost their retirement savings.
And with many boomers woefully behind in saving for their own retirement through tax-favored retirement vehicles like 401(k) plans and IRAs, it's hard to have any certainty about your financial ...
The term baby boom refers to a noticeable increase in the birth rate. The post-World War II population increase was described as a "boom" by various newspaper reporters, including Sylvia F. Porter in a column in the May 4, 1951, edition of the New York Post, based on the increase of 2,357,000 in the population of the U.S. from 1940 to 1950.
Generation Jones is the generation or social cohort between the Baby Boom generation and Generation X. The term was coined by American cultural commentator Jonathan Pontell, who argues that the term refers to a full distinct generation born from 1954 to 1965. [ 1 ]