Jun 15 2015

The looming retirement crisis: 10,000 baby boomers a day turn 65 and most are inadequately prepared for retirement. Half of elderly Americans in poverty without Social Security.

There is a very common number that is thrown out regarding baby boomers and retirement.  We consistently hear that every day 10,000 baby boomers hit the typical retirement age of 65.  This trend is expected to go out until 2030.  What is troubling with this narrative is the assumption that most have enough funds to […]

Aug 29 2014

A day of reckoning has arrived to retiring Americans: 63 percent of Americans that start working by the age of 25 will be dependent on Social Security, relatives, or charity by the time they hit 65.

The notion of retirement is a fairly new one outside of wealthy circles. For most of civilized history, people worked until they died. Not a glamorous way to go but that is simply the course of human history. Only until recently with the emergence of the middle class was there a general semblance that retirement […]

Aug 23 2014

New definition of retirement = work until you die: Half of Americans have little to no savings for what will likely be a long and drawn out retirement.

The ideal vision of retirement is one of constant leisure supported by a sizable nest egg. Building a nest egg takes decades of discipline and careful planning. Unfortunately, many Americans did not adequately prepare and combined with the casino like financial system, many have been washed out of the system. Many retiring baby boomers are […]

May 16 2014

A demographic time bomb: Over the next decade 20 percent of the US population will be 65 years of age or older.

It is no secret that the United States like many developed nations is facing a demographic shift of epic proportions. Within the next decade 20 percent of the US population will be 65 years of age or older. This will place severe constraints on young workers, Social Security, and Medicare. Roughly 300,000 Americans per month […]

Apr 1 2014

Sticking it to Millennials and young Americans when it comes to wealth: Households headed by those 40 years old or younger see inflation adjusted wealth 30 percent below 2007 levels while older Americans recoup losses.

The evidence continues to mount on the deep pangs of financial pain faced by younger Americans before and after the Great Recession.  The Federal Reserve Bank of St. Louis posted wealth information and what we find is that for those 40 years old and younger, there has been little recovery since the recession ended officially […]

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