In the News

Title

Ask the Experts: Will We Ever Get to Retire?

Document Type

Article

Publication Date

9-9-2013

Abstract

The economy may be rebounding, but the effects of the Great Recession will continue to be felt for years, particularly when it comes to retirement.

The retirement outlook is especially ominous for older generations who should theoretically have a line of sight for their exit from the workforce, as Generation-Xers (ages 38 – 47) lost 45% of their net worth during the downturn, while young Baby Boomers (ages 48 – 57) saw a 28% decline, according to a recent report from the Pew Charitable Trusts.