That’s good to know that some believe Boomers as a whole are better prepared than they have been in the past, but, imo, those numbers are still dismal for a comfortable retirement long term (depending on how you want to live) and, based on the small percentage of those with a high net worth, (stats reveal only about 8% of US households–of all ages, not just Boomers–have over a million in net worth, excluding primary residence) they are hardly predictive of a huge transfer of wealth among generations across the board.
Granted, as I mentioned before, 10% of us will do extremely well in retirement across all generations, but there is still concern, as a society, about the 90% who won’t.
I do think this will be a “silent crisis” for many reasons, so we may never really know the true outcome, but the stats speak for themselves.
