Women, part of the wave of baby boomers reaching ‘peak 65,' are more likely to struggle in retirement, research finds [CNBC]
Prudential Financial, Inc. (PRU)
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Source: CNBC
And women — who make up 52% of those “peak 65” boomers — are more likely to struggle in retirement compared with their male peers, according to a new economic impact study released by the Alliance for Lifetime Income, a Washington, D.C.-based nonprofit focused on retirement education. “There is a very persistent disparity between the assets of men and the assets of women,” said economist Robert Shapiro, study co-author and former undersecretary of commerce for economic affairs, during a Thursday morning presentation. From now until 2030, 30.4 million Americans are expected to turn 65. A majority of those baby boomers are not financially prepared for retirement, according to the research. As income from employer pensions has largely diminished or disappeared, individuals who enter retirement age are now more dependent on personal savings and Social Security. Women are not the only peak boomers who are at a greater economic disadvantage, the research found. People who are B
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