Nearly Half Of Baby Boomers Have No Retirement Savings

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[TBIhope]

The education system has failed this generation. I learned from my parents to open a Roth IRA in high school. Thank goodness.

[cato]

Collect at 62. The government refuses to fix it so get it while you can.

[ThornAndel]

A lot of boomers got their savings wiped out in the 2009 great recession.

[samnjoeysgrama]

My SS check is $835/mo.
I'm 74. What job to you recommend for me. Yes. That's sarcasm. I put my retirement in land. When I sold 100 acres, Obama took 1/2 of it. Called it ordinary income. It's not failure to plan. It's the graft called government.

[tinasmith]

You think this is bad? Give it 20 years. You haven't seen anything yet.

[Billryethejewishguy]

Thehill should be embarrased they put out this short out saying just wait longer if you're collecting social security.... people apply for it because they need it now way the health industry is in the states if you're already poor dont expect quality care.

[tyerannical]

Imagine still failing when you had life at the most ease in human history. Truly the worst generation

[bkres]

47 single mom own nothing. No more middle class. Will never retire. Exes mom is 82 works full time at Walmart 😢

[KRN]

Nobody I know as a boomer have a million in retirement unless you were rich to begin with
More than half of boomers my age did not make a ton of money people don’t realize this
Never mind rampant age discrimination

[alpeshmittal]

Its not simple as keep working. Ageism is real thing. Plus AI automation taking away jobs from humans things will only get worse.

[deannaartzbennett]

Or we could Require Actual Cost of Living Benefits for Retired, Disabled, Displaced Youth situationally to their address.
With a balanced Tax Code, that doesn't Favor Corporate above and before The General Welfare of The People.

[rupertneverton]

A) Americans should never have trusted the government to manage social security. It should have always been private and many Americans would have way more savings if they had been forced to make their own financial decisions. Everyone assumes social security is going to be their retirement and saving isn't that important but they are mistaken.

B) Americans spend way, way too much on stuff they don't need. Buy the crappiest car you can. Don't use credit cards. Hold down a regular job with insurance. Make your own food whenever possible. Save every penny you can. Anyone who does these things will be fine but most people cannot delay gratification and they end up in trouble.

C) college is not a silver bullet. It is not the gaurenteed better life it is billed as. Have a plan. Go to school for as few years as possible and get a practical degree, if necessary. Do not go to college to "figure out what you want to do". Work until you know and then go for a specific field with real world opportunities for income growth.

[HeavyHardDrive]

I thought this was going to be the biggest wealth transfer from boomers to millenials in history

[anthonyvaldez]

Says the guy that can't do math in his head😊

[Lemariecooper]

Thanks to the retirement investment program from *KATRINA VANRENSUM* ROI group, I can enjoy my golden years without worrying about money. They have a flexible and transparent approach that suits my needs and goals.