The EBRI came out with a study showing “44 percent of Baby Boomers and Generation Xers are projected to lack adequate retirement income to cover basic expenses and uninsured health care costs, according to the latest estimates by EBRI. Press release.“I think I am going to officially proclaim this as my soapbox issue! The concern is professional, and humanistic. If folks retirement without enough income, we are going to run into a serious elderly poverty issue that is going to explode in 10 to 25 years. At that point the individuals are stuck, as have you seen studies on how hard it is for elderly to get back into the job market!
Original Page: http://www.ebri.org/publications/notes/index.cfm?fa=notesDisp&content_id=5062