Retirement: Will boomers go bust…or only millennials and Gen Xers? (Joshua Gotbaum, Brookings)

Running out of money in retirement is the #1 financial fear, not just of seniors, but of all Americans. Half of those approaching retirement age have no pension and virtually no retirement savings. All they have to live on is Social Security – which they know is underfunded and have heard will go bankrupt. Those who do have retirement savings saw them drop by a third in 2008-2009; markets have recovered, but there’s still retirement Post Traumatic Stress Disorder.

https://www.brookings.edu/research/retirement-will-boomers-go-bust-or-only-millennials-and-gen-xers/