28 Feb '17, 9am

The Coming Boomer Generation Bailout Crisis

The Coming Boomer Generation Bailout Crisis

Think the Wall Street bailout was painful? Soon that may seem like the good old days as America pays for the boomer generation’s retirement and poor health. The baby boomer generation is so large that it has shaped the American economy since their births between between 1946 and 1964. Their current size approximates the combined populations of California, Texas and Florida. Now image the populations of all three states having no money and poor health. That is the crisis about to hit the boomer generation and America. The boomer generation’s financial crisis The vast majority of the boomer generation has failed to adequately save for retirement. The average baby boomer has saved $136,000 . But averages can be highly deceiving. In fact, 25 percent of the boomer generation has zero money saved for retirement . And less than half have saved $50,000 or more. That equates to 37 ...

Full article: http://www.triplepundit.com/2017/02/coming-boomer-generat...

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