Over the last decade, retirees over the age of 75 experienced astronomical growth in the amount of debt they carry. This debt expansion hit this group particularly hard, growing from 31.2% in 2007 to more than 50% in 2019, according to the Employee Benefit Research...
The pandemic’s toll on the health and pockets of millions of Americans is devastating. While some individuals with large retirement accounts are able to weather the pandemic out, there’s a large contingent of workers who are not as lucky, forced to tap into their...
Every year, millions of Baby Boomers begin retirement life. In 2020, however, the number of retired Boomers increased more than it has in years, according to the Pew Research Center. About 28.6 million Boomers exited the workforce in the third quarter of this...
The wisdom of saving for retirement is never questioned. Yet, so many people wait too long to make meaningful contributions in to their retirement savings plan, if they have a plan at all. By age 50, however, individuals must have a clear path forward as they begin to...
A majority of Americans are feeling uneasy about their outlook for retirement as the pandemic continues to wear on the economy. Individuals in their 50s and 60s are most at risk to feel the economic impacts. Some are being nudged into early retirement while others are...
As a worker, retirement savings is framed as a matter of building enough money over a long stretch of time. As a retiree, your focus is no longer on saving money. Spending money and staying on budget are the primary concerns. More Americans, in fact, are worried about...
