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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 ...
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
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 ...
Baby boomer homeowners are sitting on a ton of equity right now. According to the Federal Reserve, they hold $17.3 trillion in home equity, roughly 50% of the country's total equity. This is in ...
"The 401(k) transition looms large for Gen X and working baby boomers, and many working Americans have taken a long time to adapt to the new retirement system—some too long," Goldman's report notes.
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.
Some of the adults living in this sandwiched generation face financial problems regularly, having to support three generations at one time: their parents, their immediate family (theirself and their spouse) and children. [12] Some businesses have begun to recognize the issues faced by the sandwich generation as a financial planning problem.
Baby Boomers are unique in many ways, one of which being that they are one of the only generations in recent history, and the first in multiple generations to decide, in large numbers, not to ...