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Baby Boomers May Be in More Financial Trouble Than Previously Believed
(By - Sean Williams)
On paper it would seem like getting from Point A to B when it comes to retirement would be pretty easy. However the data suggests otherwise, with Americans in increasing numbers struggling to reach their retirement number. Arguably no generation is struggling more than baby boomers. Why baby boomers are missing the mark: Why are baby boomers struggling to retire comfortably? It’s actually due to a confluence of factors. For starters, lending rates have been pegged at historic lows for six-plus years, curtailing baby boomers ability to earn “real” returns (actual gains after inflation is factored in) from fixed-income investments. Read more…
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