Baby Boomers and Finance - US - November 2015
Financial services institutions may be focusing a lot of attention on Millennials, but Boomers are still a very influential group. According to the US Bureau of Labor Statistics’ Consumer Expenditure Survey, Boomers earn an estimated $2.4 trillion each year. This report examines how the Boomers feel about retirement: how much they have saved for it; their plans for how to live it; and their major concerns about retirement life.
This report looks at the following areas:
- Many haven't saved enough and they know it
- Boomers are not loyal to their financial institution
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