‘The golden years are not golden’: Boomers are hoarding most of America’s wealth and power because they’re terrified of outliving their money
Many Baby Boomers are facing financial insecurity as they approach or enter retirement, with a significant portion lacking adequate savings to maintain their pre-retirement lifestyles. Despite the generation's perceived wealth and power, data suggests that two-thirds of peak boomers turning 65 between 2024 and 2030 are not financially prepared. Factors such as unexpected health issues, market downturns, and reduced benefits have contributed to this anxiety, leaving many concerned about outliving their money and facing a less-than-golden retirement. AI
