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In Thursday's special section on Retirement, Steven Greenhouse reported that as the first baby boomers reach 65 this year, many will find themselves financially unprepared for retirement.
Someone who realizes that they are financially unprepared for retirement isn't going to retire, and will cling to their job as long as possible.
The National Institute on Retirement Security calculated 92% of households are financially unprepared for retirement, and that nationally there's a "retirement savings gap" of $6.8tn to $14tn between what those individuals have saved and what they will need in order to retire.
Assessing Your Readiness One of the primary causes of retirees being financially unprepared for retirement is because of incomplete retirement-needs analysis.
The problem that people face today is that retirement is longer than it's ever been and they're financially unprepared for that.
The cohort of financially unprepared yet undaunted and uncompromising baby boomers-- u-boomers" for short--will account for almost 25% of total U.S. consumption boomers-- u-boomers
Similar(43)
All indications are that Cameron's resignation caught Johnson unprepared.
William, unprepared, wore no gloves, and he shook and blew on his freezing fingers.
Even he might have trouble answering that question with an enthusiastic "yes". All indications are that Cameron's resignation caught Johnson unprepared.
— With four days to go before voters in Texas and Ohio could determine the fate of her presidential bid, Senator Hillary Rodham Clinton on Friday all but declared Senator Barack Obama unprepared to serve as commander in chief.
The tropical storm caught Southern Californians unprepared.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com