Episode 42: The Surprising Status of Late-Boomer and Early Gen-X Wealth
Aug 18, 2023
The last Baby Boomer will turn 65 — the age most commonly associated with retirement — in December 2029. And the youngest Gen-Xers are on the cusp of turning 60. Relatively close in age, their respective retirement statuses are surprisingly different.
Here are just a handful of the things that we'll discuss:
- More people are saving for retirement but they are not saving enough.
- Late-boomer wealth continues to be impacted by The Great Recession of 2008-2009.
- An increase in Social Security’s Full Retirement Age was a de facto cut in Social Security benefits.
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