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Not all boomers are OK. When it comes to retirement savings, younger baby boomers have significantly less than their older counterparts.
That’s according to a study by the Center for Retirement Research at Boston College, which uncovered a striking difference between “late boomers” — those born in 1960 to 1965 — and “early boomers,” born in 1948 to 1953. By the time they reached their 50s, the study found, the late boomers had 19% less retirement wealth than the early ones did at the same age.
Nathan Place is a national reporter at American Banker. A native of New York City, he has worked for more than a decade in both print and video journalism. He got his start in Beijing, where he … Read full bio
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