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According to Bankrate’s 2024 Financial Regrets survey, 37 percent of baby boomers (ages 60-78) say their biggest financial regret is not saving enough for retirement. Of participants in the ...
Unfortunately, many of the financial benefits the baby boomer generation enjoyed will no longer be available to future generations. As a result, many current generations, like Gen X and Gen Z, now ...
For example, in U.S. contemporary economics, Harry Dent, a University of South Carolina and Harvard Business School graduate and Fortune 100 consultant, has popularized the baby-boomer spending wave theory. [1] According to Dent, [2] the stock-market decline of 2008 was a result of baby boomers aging past their peak
For many baby boomers, retirement has already started. For some, it could happen in 2025. The important things for baby boomers to hone in on are ways to make retirement not only comfortable, but ...
A new group of baby boomers is retiring and with it comes some unexpected financial challenges. According to Stewart Willis, president of Asset Preservation Wealth & Tax, Social Security is a ...
In her highest income-earning years, Jackson worked as an accountant and then a consultant, earning $125 per hour and living a very good life. She described herself as a “spendthrift,” acting ...
This increases by 8% each year until the age of 70. ... Baby boomers can safeguard their financial well-being by avoiding these common things that cause retirees financial issues.
Baby boomers. One major issue for baby boomers is lifespan. They're living longer than their parents or grandparents did, so they need to save up for more years of retirement.