Employers want theiremployees to find a path to a successful retirement; it makes thembetter employees today while also providing a great referral tofuture employees. Brokers can help. (Photo: Shutterstock)

Baby Boomers (those born between 1946 and 1964) represent closeto 75 million people in the United States today. They have been thelargest generation for a very long time, with millennials just nowset to outnumber them in 2019. The difference between these twogroups is that one of them is just beginning their careers whilethe other is retiring or heading toward retirement.

Did you know that close to 10,000 baby boomers hit age 65 everyday? And what is alarming is that the median retirement savings ofthis group is just under $180,000, for those that do haveretirement savings — 45% of this population claim to have zerosavings for retirement, yet they control over 70% of the country'sdisposable income.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.