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Typical Boomer Retirement Modest Compared to Parents’

Posted By Barry Ritholtz On January 4, 2014 @ 4:00 pm In 401(k),Economy | Comments Disabled

[1]

From Bloomberg:

The expectation that each successive generation will be better off financially than the prior is no longer valid. Contributing to this new reality has been the diminishing role of traditional pension plans with defined benefits in favor of 401(k) savings plans.

Source: Bloomberg [2]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2014/01/typical-boomer-retirement-modest-compared-to-parents/

URLs in this post:

[1] Image: http://www.bloomberg.com/image/iJ6sMZz1owPw.jpg

[2] Bloomberg: http://www.bloomberg.com/infographics/2013-12-18/boomers-face-modest-retirement.html

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