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> unlike other generations, many Boomers actually saved for retirement Not so much. https://www.investopedia.com/articles/personal-finance/032216/are-we-baby-
by notacoward 5y ago
> unlike other generations, many Boomers actually saved for retirement
Not so much.
https://www.investopedia.com/articles/personal-finance/032216/are-we-baby-boomer-retirement-crisis.asp https://www.investopedia.com/articles/personal-finance/03221...
Many other sources cite similar numbers, or even worse. $200K is not enough to retire on. In fact, I've read that Boomers staying in the workforce out of necessity is a factor making things worse for those entering the job market. I'm pretty sure having to support Boomer parents isn't going to help later generations either.
Fortunately, I think this part of your argument is not essential. You make a lot of other great points that are unaffected by whether this part works.