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Boomers Express Financial Discontent

The fragility of boomers' financial condition is apparent, according to research from the Insured Retirement Institute.

By Warren S. Hersch | Updated on April 29, 2016

If one thing has become glaringly evident in this long-running election season, it’s the broad discontent among Americans about their financial circumstances. The sentiment is notably strong among those at greatest risk to the vicissitudes of the economy and the markets because of their nearness to retirement — baby boomers.

According to a new study from the Insured Retirement Institute, “Boomer Expectations for Retirement,” a sixth annual update on the group’s retirement preparedness, financial concerns among America’s 76-plus million boomers are significant and rising. The fragility of their financial condition was apparent in a range of questions posed by IRI, from whether they’ll have to cover healthcare expenses in retirement to their ability to provide for surviving family members after their passing.

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