43% of Baby Boomers Are Making This Big Mistake [The Motley Fool]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: The Motley Fool
Hint: It's something that could hurt them tomorrow. Maurie Backman ( TMFBookNerd ) Jun 25, 2018 at 6:03AM Though many baby boomers are still actively taking steps to advance their careers, many are no doubt counting down to retirement. No matter which camp you're in, you should obviously be focused on building a nest egg so you have money to pay the bills once your workforce exit becomes official. But here's another financial goal that should grab your attention: building a solid emergency fund . And, unfortunately, a large number of baby boomers are behind in this regard. In a recent Bankrate study , 43% of baby boomers owned up to having either less than three months' worth of living expenses in the bank or no immediate savings at all. And that's a mistake they need to rectify quickly, before the next financial emergency strikes. IMAGE SOURCE: GETT
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