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…
