In Brief: Boomers at the Bottom: How Will Low-Income Boomers Cope with Retirement?

This brief describes a new report which projects how boomers in the bottom fifth of the income distribution will fare in retirement in terms of income, wealth, poverty status, and replacement rates, and how they compare with earlier birth cohorts along those dimensions.

Experts have spent considerable energy assessing the financial preparation of the boomer generation, which will soon swell the rolls of Social Security and Medicare, as more and more reach the ages of eligibility for those two programs. While many express concern about the financial security of boomers, less attention has been explicitly focused on those at the bottom who will retire with low-incomes, struggle to make ends meet, and who will be the most vulnerable to cuts in government benefits. … Back to Article