Middle-Income boomers vastly underserved

Published Updated 2 Min Read

Middle-income baby boomers, those earning between $30,000 and $74,000, are vastly underserved in terms of preparing for retirement, according to a new Insured Retirement Institute report, “Middle-Income Boomers and Retirement: Tapping the Significant and Underserved Middle-Income Market.”

Only 51% have determined how much they will need to save for a comfortable retirement, 48% are not comfortable making investment choices, and only 43% have contacted a financial adviser.

Lee Barney
Editor-In-Chief

Lee Barney has been the editor of Money Management Executive since 2002 and has been writing about Wall Street since 1993. Previously, at United Media’s Wall Street & Technology magazine and … Read full bio


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form