“Middle-Income Boomers Face ‘New Retirement”

“Middle-Income Boomers Face ‘New Retirement’,” by Michael S. Fischer, ThinkAdvisor

“Middle-income baby boomers remain unconvinced about a nationwide recovery from the financial crisis, and are unsure about their chances for a secure retirement, according to recent study commissioned by the Bankers Life Center for a Secure Retirement. . . . Two-thirds of boomers said they had not personally benefited from any economic recovery since 2007. Of these, 52% reported that their savings were lower today than before the financial crisis.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

The Fed (poor monetary policy) and Congress (poor fiscal policy) are digging an economic hole out of which the boomer generation will never climb.

Middle-Income Boomers Face ‘New Retirement