Welcome to ‘peak boomer’ era: A wave of retirees is about to blow through their savings and cling to Social Security to stay afloat

Photo credit: Mike Blake / Reuters. Article by Juliana Kaplan and Ayelet Sheffey. Business Insider – April 19, 2024.

• Over 30 million “peak boomers” are entering retirement financially unprepared.
• The economy could take a hit, with industries like manufacturing and education needing to replace boomer workers.
• Those new retirees will likely be disproportionately leaning on Social Security to stay afloat. […]

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