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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 ...
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 big ...
While baby boomers are seemingly the last generation to truly have it all regarding finances, some are still dealing with serious financial regrets. From sweeping lifestyle changes to unforeseen...
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 ...
While baby boomers are often lauded as the generation that got to have it all financially, this year, according to a recent GOBankingRates survey, 44% of boomers reported that their financial...
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 now hold an unprecedented share of the nation's wealth, with those born during this specific period now officially holding approximately 51.8% of U.S. wealth as of the early 2020s ...
Over the years, baby boomers have accumulated a lot of wealth. Indeed, they’ve accumulated half (52%) of all the net wealth in the U.S. worth a total of $76 trillion, according to Federal ...