Mature Market Experts Stat of the Day: Baby Boomers and Retirement Saving

42-16935308 mature market savings

Mature Market Experts: more mature market news and stats more often – Baby Boomers and Retirement Saving – 20% of baby boomers have stopped contributing to retirement plans due to economic hardships.

$88,000 is the average retirement savings of baby boomers, who contribute to tax-qualified plans. $5,000 is the average annual income those savings will produce.

64 % of working women aged 21 to 64 do not contribute to a retirement fund.

Source: Corridor Inc.

Note: If you are a financial institution and you are not targeting women, you are missing the boat.

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