Tag: baby boomers
“Unless we act now,” President Jimmy Carter warned in 1977, Social Security’s retirement trust fund will run out of money in 1983. That statement triggered several reforms that put the program on a firmer footing. Social Security is once again nearing a critical point. The day of reckoning is expected to come in 2033 if…
The release of the Federal Reserve’s 2022 Survey of Consumer Finances offers a chance to catch up on the retirement saving of Millennials – those born during 1981-1999. This group, despite being more educated than earlier cohorts, faced early challenges, as many left school with large student loans and began their careers…
