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Baby boomers face retirement crisis amid savings shortfalls
Procrastination and mis-timed retirements hit baby boomers as 10,000 turn 65 daily, with pensions shrinking from 39 percent to 15 percent of private workers. Stocks underperform, housing losses leave 11 million homeowners underwater, and many boomers face reduced living standards in retirement.
MENTIONED IN THIS ARTICLE
Chicago
Olivia Mitchell
Boettner Center For Pensions and Retirement Research
University of Pennsylvania
Employee Benefit Research Institute
Washington, D.C
Standard & Poor
Michael Vanatta
Vero Beach
Fla
Vanatta
Center For Retirement Research At
Boston College
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Associated Press