Why do Late Boomers have so little wealth and how will Early Gen-Xers fare?

Chen, Anqi, Alicia Haydock Munnell, and Laura D. Quinby. “Why do Late Boomers have so little wealth and how will Early Gen-Xers fare?”. CRR WP 2023-06, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, May 2023. http://hdl.handle.net/2345/bc-ir:109779.
PREVIEW Datastream
PDF

Abstract

Due to changes in the retirement landscape in recent decades, Late Boomers (who are now nearing retirement) would be expected to have less wealth from traditional pensions, Social Security, and housing, but higher 401(k)/IRA assets compared to Mid Boomers at the same age. Strikingly, though, Late Boomers have seen a drop in their 401(k)/IRA assets. The questions are why is their 401(k)/IRA wealth lower and what do the patterns mean for younger cohorts.

Title
Why do Late Boomers have so little wealth and how will Early Gen-Xers fare?
Author
Chen, Anqi
Munnell, Alicia Haydock
Quinby, Laura D.
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
working paper
Date Issued
May 2023
Publisher
Center for Retirement Research at Boston College
Series Title
CRR WP
Series Number
2023-06
Persistent Link
http://hdl.handle.net/2345/bc-ir:109779
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

My Bookmarks

Bookmarks: