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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
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 ...
From sweeping lifestyle changes to unforeseen economic crashes, many boomers have found themselves facing financial situations they never saw coming. Explore More: 3 Types of Investments Predicted ...
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 ...
"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.
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.