Unfortunately, 40% of the 78 million baby boomers haven't saved enough to meet basic expenditures in retirement, according to the Employee Benefits Research Institute. That's despite the fact that boomers as a group hold $13 trillion in assets or more than 50% of the personal assets in the United States.
The problem is twofold. First, many people have not saved for retirement. Second, most of those who did save did not save enough.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
