“Boomers are expected to live longer than any previous generation. At the same time, many haven’t saved nearly enough for retirement. More than 44% of early boomers (defined as those born between 1948 and 1954) and 43% of late boomers (born between 1955 and 1964) may not be able to afford basic living expenses in retirement. [..] Nearly one in six people ages 45 to 64 say that paying for their kid’s college tuition got in the way of saving for their own retirement. That’s not surprising, given that the typical middle-income family will spend more than $230,000 to raise a child from birth to age 18, up 23% (in today’s dollars) since 1960.”
http://www.marketwatch.com/Story/story/print?guid=9025B8AE-EA37-11E2-8134-002128040CF6
Related posts:
Bitcoin among virtual currencies targeted in US crackdown on tax evasion
Construction and Real Estate Hinder China’s Growth
Hong Kong entrepreneurs could win a slice of the bitcoin pie
Piedmont Boy, 3, Gets $2,500 Ticket For Urinating In His Front Yard
Austrian presidential election result overturned
Saudi prince reserves portions of Disneyland Paris for $19.5 million
Russia developing new nuclear weapons to counter US, NATO
Calif. legislature will force schools to teach Russians hacked 2016 election
A Texan tragedy: Plenty of oil, but no water
Botched circumcisions during initiation ritual kill 30 in South Africa
Obama gives 83% of export loan guarantees to Boeing
Theresa May says the internet must now be regulated following attack
Computer Glitch Blamed For Nationwide Food Stamp System Shutdown
Spain's Central Bank Seeks Minimum Wage Suspension
Investors hungry for riskier bonds