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Only 13.4% of Texas residents are 65 or older and are thus eligible for Medicare benefits. Nationally, 17.3% of people fall into this age group. What state has the oldest average age?
By the end of 2024, everyone in the boomer generation will be at least 60. Roccato says the resolution environment for many of these boomers is not great these days. “One word is ‘worry ...
Born sometime between the years of 1946 and 1964, most baby boomers are 60 to 78 years old this year. That means most of them have reached the full retirement age of 66 (67 for younger boomers).
SSA data shows one out of every four 65-year-olds today will live past the age of 90, while one out of 10 will live past 95. Indeed, 60% of baby boomers are more worried about outliving their savings than dying. [156] Rising life expectancy may result in reductions in social security benefits, devaluing private and public pension programs.
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.
Born between 1946 and 1964, Baby Boomers are currently between the ages of 60 and 78, likely already retired or on the cusp of retirement. With retirement comes the need -- practical, financial, or...
Born between 1946 and 1964, baby boomers make up just over 20% of the population and hold about 52% of the total wealth in the U.S., reports Statista. Still, as boomers transition into retirement,...
Tens of millions of Americans are expected to turn 65 by 2030. Here's how much young baby boomers have saved for retirement — how do you stack up in 2024?