News Ticker

RR: Average Baby Boomer Will Fall Far Short On Their Needed Retirement

What’s an “RR” Post?

One of those things we’re experimenting with on BBH is something I’m calling “Rerun” blog posts.

If you don’t know what those are and why I am doing them, then read this: Information Overload And The Invention Of Blog Post “Reruns” And “Marathons”

This “Rerun” post originally appeared here on May 1, 2012..

 

retirement numbers low for baby boomers

Scary Retirement Numbers

“The average baby boomer will fall far short on their necessary retirement income.”

“About 44% short.”

“That’s the grim prediction in a new study by Fidelity Investments which looked at average amounts saved, projected Social Security benefits, home equity and other factors across three demographic groups: baby boomers, Gen-Xers, and Generation Y (aka echo boomers).”

“Like the massive RETIRE Project Georgia State University conducted for decades, the Fidelity study assumes that because some expenses decline once you retire, you don’t need as much income to maintain your standard of living.”

“But that’s about where the similarity ends.”

Click here to continue reading the GSU results on Foxnews.com

 

Photo by 401(K) 2013

Related article

 

About Scott Aughtmon (1863 Articles)
I’m author of the book 51 Content Marketing Hacks. I am also a regular contributor to ContentMarketingInstitute.com and I am the person behind the popular infographic 21 Types of Content We Crave. I’m a business strategist, consultant, content creation specialist, and speaker. I’ve been studying effective marketing and business methods (both online and offline) since 1999. ===> If you would like to see ways that we could work together, then please click here to learn more.