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The "silver tsunami," or the mass retirement of Boomers, may cause serious changes to our workplaces and incomes. Currently, baby boomers--those aged 65 and older--make up approximately 17% of...
By the end of 2030, all Baby Boomers – those born between 1946 and […] The post More Than 12,000 Americans Will Turn 65 Every Day in 2024. Are You Ready for Retirement? appeared first on ...
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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.
In 2024, Baby Boomers had a collective total of $4.50 trillion in debt, according to data from Experian. This is down from $4.58T in 2023. While Millennials and GenXers have more debt than Boomers ...
"The baby boom generation has started to retire with a record $76 [trillion] in net worth," Yardeni writes. "They are spending on restaurants, cruises, traveling, and healthcare.
“They are transforming professional and executive career trajectories and what they may look like for generations to come.”