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News Link • Economy - Economics USA

Gen X And Late Boomers Face The Bleakest Retirements In History

• Business Insider

At the same time, early baby boomers who have already reached traditional retirement age are in relatively good shape for their later years.

Pew looked at five groups of Americans and measured each group's financial losses from 2007 to 2010.

Depression babies – born between 1926 and 1935 and now 78 to 87 years old; median net worth was $207,500 in 2010 and had not changed from 2007.

War babies – born between 1936 and 1945 and now 68 to 77 years old; median net worth in 2010 of $212,300, down about $53,500 or 20 percent from 2007.

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