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Sad to Say, Many Boomers Can’t Afford to Retire

Unfortunately, 40% of the 78 million baby boomers havent saved enough to meet basic expenditures in retirement, according to the Employee Benefits Research Institute.

Jim Hanson

Unfortunately, 40% of the 78 million baby boomers haven’t saved enough to meet basic expenditures in retirement, according to the Employee Benefits Research Institute. That’s despite the fact that boomers as a group hold $13 trillion in assets or more than 50% of the personal assets in the United States.

The problem is twofold. First, many people have not saved for retirement. Second, most of those who did save did not save enough.

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