No. of Recommendations: 1
All the boomers I know have been saving along the way. This one in particular considers herself retired at age 50.

Certainly admirable and smart to do so. However, if you're looking at a large trend, everyone knows the savings rates for the boomers is drastically lower than is needed to provide them with retirement money.

When they're retired, they'll have less money coming in. They have 2 options:

1. Make more money (IE, not retiring)

2. Cut spending drastically

In situation 1, we move along somewhat as usual without a large change at retirement age.. perhaps they're still investing, maybe even investing SS money.

In situation 2, we have less earnings for companies, and likely less investing.

What we'll really end up with is a combination of the above.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement