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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 ...
The first Boomers born in 1946 reached 66 in 2012, yet the last Boomers won’t hit full retirement age until 2031. Many Boomers continue to work because they enjoy the challenge, while some have ...
Maximizing Social Security benefits is crucial for many baby boomers. The current full retirement age is 67 years old for people attaining age 62 in 2023. Delaying benefits can result in larger ...
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]
In the United States, Pew Research Center reported that the number of Baby Boomers in retirement had increased by 2.3 million in 2020 the largest annual increase since the oldest Baby Boomers turned 65 during 2011. [179] This surge in the number of retirees contributed to the labor shortage as the country recovered from the pandemic. [170]
The median retirement savings of baby boomers is $202,000 Forty-three percent of 55- to 64-year-olds had no retirement savings at all in 2022, according to the Federal Reserve Board
Maximizing Social Security benefits is crucial for many baby boomers. The current full retirement age is 67 for people under 62 in 2023. Delaying benefits can result in larger monthly payments ...
A total of 6,903 baby boomers moved to St. Petersburg in 2022, accounting for 2.67% of the total population over the age of 1. That year, 66,631 baby boomers – 25.75% of all residents over the ...