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Some baby boomers are burning through their retirement savings to pay for cancer treatments. Then they have to go back to work. (www.businessinsider.com)

submitted 1 week ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 6 days ago

Boomers have retirement savings? 🤔

https://www.investopedia.com/articles/personal-finance/032216/are-we-baby-boomer-retirement-crisis.asp

"Baby Boomers have an estimated median retirement savings of $194,000 as of late 2023, according to the TransAmerica Center for Retirement Studies. The survey found that though 44% if (sic) Baby Boomers have more than $250,000 in retirement savings accounts, 26% had less than $50,000 in retirement savings accounts and 10% had nothing saved.2"