Typical Boomer Retirement Modest Compared to Parents’
The expectation that each successive generation will be better off financially than the prior is no longer valid.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.
Published Dec. 18, 2013
Sources: Center for Retirement Research, Federal Reserve, U.S. Census Bureau, Fidelity Investments
GRAPHIC: DAVE MERRILL / BLOOMBERG VISUAL DATA