Baby boomers, born between 1946 and 1964, are heading into retirement in droves (about 10,000 a day, in fact). Along with the aging of this iconic cohort come lots of data about their poor preparation for their golden years.
http://www.investopedia.com/articles/personal-finance/032216/are-we-baby-boomer-retirement-crisis.asp
RESULTS FROM A LONGITUDINAL SURVEY. The average person born in the latter years of the baby boom (1957-1964) held 11.7 jobs from age 18 to. age 48, according to the U.S. Bureau of Labor Statistics. Nearly half of these jobs were held from ages.
https://www.bls.gov/news.release/pdf/nlsoy.pdf
Based on statistics from the Insured Retirement Institute's latest report on baby boomers, some 59% of boomers expect Social Security to be a major source of their income during retirement. That's up from just 43% when surveyed in 2014.
https://www.fool.com/retirement/general/2016/05/15/baby-boomers-retirement-woes-summed-up-in-5-statis.aspx
Baby Boomers' Retirement Woes Summed Up in 5 Statistics. Financially speaking, baby boomers may be in quite a bit of trouble. May 15, 2016 at 6:18AM. No one ever said the road to retirement is an easy path traveled, but it's looking to be a particularly bumpy and pothole-filled road for baby boomers.
https://www.fool.com/retirement/general/2016/05/15/baby-boomers-retirement-woes-summed-up-in-5-statis.aspx
Baby Boomer Retirement Research. Last year, GoBankingRates published research conducted with 1,504 adults over the age of 55 (4.3% margin of error). About 30% of the respondents age 55 and over claimed to have no retirement savings. An additional 26% reported less than $50,000 saved for retirement.
http://www.investopedia.com/articles/personal-finance/032216/are-we-baby-boomer-retirement-crisis.asp
The IRI report also notes that over the past year some 3-in-10 baby boomers postponed their plans to retire. Age 62 has long been viewed as retirement age, but nearly 6-in-10 boomers now expect to retire at age 65 or later, including 26% of boomers that anticipate retirement at age 70 or later.
https://www.fool.com/retirement/general/2016/05/15/baby-boomers-retirement-woes-summed-up-in-5-statis.aspx
But not all baby boomers lack retirement reasonable retirement assets. At the other end of the spectrum, 26% of those 55 to 65 years old have balances greater than $200,000. Of the over-65-year olds, 31% had $200,000 or more in their retirement accounts.
http://www.investopedia.com/articles/personal-finance/032216/are-we-baby-boomer-retirement-crisis.asp
Baby Boomers. Introduction. Almost exactly nine months after World War II ended, “the cry of the baby was heard across the land,” as historian Landon Jones later described the trend. More babies were born in 1946 than ever before: 3.4 million, 20 percent more than in 1945.
http://www.history.com/topics/baby-boomers
Baby Boomers Today. Today, the oldest baby boomers are already in their 60s. By 2030, about one in five Americans will be older than 65, and some experts believe that the aging of the population will place a strain on social welfare systems.
http://www.history.com/topics/baby-boomers
On January 1, 2011, the oldest Baby Boomers will turn 65. Every day for the next 19 years, about 10,000 more will cross that threshold. By 2030, when all Baby Boomers will have turned 65, fully 18% of the nation’s population will be at least that age, according to Pew Research Center population projections. Today, just 13% of Americans are ages 65 and older.
http://www.pewsocialtrends.org/2010/12/20/baby-boomers-approach-65-glumly/
average age of baby boomers today
Today, the oldest baby boomers are already in their 60s.