With tough economy, baby boomers aren’t saving

April 6, 2011, 4:12 am

During todays tough economic times many are struggling to make ends meet, including baby boomers. According to a poll done by the Associated Press, boomers say they’re either diving into their savings too early or are currently unable to save money at all. The poll also shows that 1 in 4 boomers still working say they’ll probably never retire. A surprisingly low 11 percent say they are convinced they will actually be able to live comfortably. Forty four percent express little or no faith that they’ll have enough money when their careers end. Finally, fifty five percent said they were either somewhat or very certain they could retire with financial security.

Source: http://www.myfoxorlando.com/dpp/money/040511-baby-boomers-not-saving-for-retirement


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