Tag: financial security
![iStock-1209891855](https://crr.bc.edu/wp-content/uploads/2023/09/iStock-1209891855.png.webp)
The baby boomers born in the early 1960s, at the tail end of the demographic wave, had about $280,000 in retirement wealth when they reached their early 50s. That’s significantly less – about $50,000 less – than the late-1950s boomers had at the same age. Some of this shortfall might’ve been anticipated for the youngest…
![100 dollar banknote with a face mask against Covid infection](https://crr.bc.edu/wp-content/uploads/2023/02/100-dollar-banknote-with-a-face-mask-against-Covid-infection-1536x1024.jpeg.webp)
The brief’s key findings are: The COVID recession brought the economy to a halt, but households got robust government support and asset markets soared during 2020-2021. Overall, balance sheets showed some improvements during this period: high-wealth households saw rapid asset growth from the booming markets; and those in the middle got market gains and a boost from…