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Retirement Problems: Do Millennials or Baby Boomers Have It Worse?

Friday, March 10, 2017 7:49
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(Before It's News)

Baby boomers and millennials both face daunting retirement problems right now. Social Security is failing, the Great Recession eviscerated trillions, the age at which you can afford to retire keeps getting pushed further and further.

A shocking 48% of boomers aren’t on track to be able to afford basic expenses in retirement, according to a 2013 Fidelity Investment report. And millennials are the first generation in U.S. history to enter adulthood in worse economic shape than their parents.

Here’s a look at which generation has it worse when it comes to retirement problems – and a three-step strategy members in both groups can use to tackle these issues to maximize their retirement savings…

Tags: Retirement Article

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The post Retirement Problems: Do Millennials or Baby Boomers Have It Worse? appeared first on Money Morning – We Make Investing Profitable.

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