The nation is rapidly approaching “peak 65” as younger baby boomers turn 65 this year, initiating the biggest wave of retirements in U.S. history. Yet most of those Americans are financially unprepared to stop working, and many risk living in poverty, according to a new analysis. The retirements of the youngest boomers — those born […]
Tag: Baby Boomers
Boomers to blame for current housing market
The current housing market has defied expectations of a downturn in real estate prices caused by this year’s surging mortgage rates. Instead, prices and demand have remained strong, confounding experts and stymying many first-time homebuyers. The reason? “Blame the boomers,” according to one Wall Street economist. It may seem paradoxical, acknowledged Barclays senior economist Jonathan […]
‘Gray Divorce’ a growing epidemic in America
Edith Heyck didn’t expect she’d be 72 years old and living alone. “I always thought I’d be married,” she says. “I was definitely raised to be a wife, and I never imagined I’d be on my own.” Heyck, an artist and part-time park manager in Newburyport, Massachusetts, is one of nearly 38 million adults living […]