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The 'peak boomer' crisis might only get worse: A fifth of Americans 50 and up have no retirement savings, and the majority are worried they won't have enough money
@ReneeVoiceBrand Internal Revenue Code Section 401(k) was enacted in 1978, which accelerated the death of traditional defined benefit pension plans.
@Coctaanatis ok, but hear me out...the bulk of this is not about boomers till they clarify in the last paragraph that boomers are 65 & over, yet they include 50-64yo Gen Xers in the data. Can you tell I abhor being lumped in with boomers?😂😂😂
@Yarnchick I think Boomer has become shorthand for anyone over about 45.
@Coctaanatis stomps feet & whines I'm not a boomer stop being mean I'm too immature😭
But yeah, you're probably right lol
@Coctaanatis The three-legged stool of retirement was slowly gutted by Reagan to elevate the 1% and vilify the 99%.