Los Angeles Times: Today’s Retirees Face Declining Standard of Living, Study Says
The retirement crisis is deepening, with recent generations of Americans less financially prepared for their golden years than their parents or grandparents, according to a new study.
The study by the Pew Charitable Trusts suggests that people who retire over the next quarter-century could suffer declining standards of living compared with earlier generations, a rare and troubling phenomenon in modern-day history.
The retirement math is most vexing for Generation X, those people born between 1966 to 1975, and for so-called late boomers, who were born after 1956, according to the study by thePew Charitable Trusts.
Read the full article at latimes.com.
- Economic Mobility Project