What happened to Late Boomers' retirement wealth?

Chen, Anqi, Alicia Haydock Munnell, and Laura D. Quinby. “What happened to Late Boomers' retirement wealth?”. Issue in Brief 23-16, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, August 2023. http://hdl.handle.net/2345/bc-ir:109772.
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Abstract

The brief's key findings are: (1) Late Boomers have less retirement wealth than earlier cohorts, including surprisingly low 401(k) assets. (2) To explain this drop, the analysis explored both changing demographics and labor market experiences. (3) The results show that part of the drop is due to a decline in the share of Late Boomers who are White, married, and have college degrees. (4) The main factor, though, is that Late Boomers saw a weakening in the link between work and wealth due to the Great Recession. (5) The Great Recession story is a bit of good news for younger cohorts, as some of the downward pressure on their wealth holdings should abate.

Title
What happened to Late Boomers' retirement wealth?
Author
Chen, Anqi
Munnell, Alicia Haydock
Quinby, Laura D.
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
August 2023
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
23-16
Persistent Link
http://hdl.handle.net/2345/bc-ir:109772
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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