Thursday, May 28, 2015

Boomer Confidence Hits 5-Year Low

The Insured Retirement Institute has found that in this fifth year of its survey, only 27% of boomers are confident that their savings will see them through retirement. In 2011, nearly 40% felt that way.

44% expect that their financial situation will improve over the next five years. That’s an increase from last year, when just 32% thought they could see light at the end of the tunnel.

But that optimism could be misplaced. The report also found that, in the past year, almost a quarter of boomers had problems making rent or mortgage payments, and 19% gave up contributing to a retirement account.

Source: Insured Retirement Institute, 

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