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  • Nearly Half of Baby Boomers Have Saved Nothing for Retirement

    As Baby Boomers continue to retire (at a rate of almost 10,000 per day), economists have begun to worry about how their departure from the workforce will affect the economy. What has concerned economic watchdogs the most is the frightening number of Boomers who have not yet saved any money for retirement. What will this mean for the economy? Since Boomers are the largest generation ever to retire, the concern is that those who have inadequate retirement savings will need to vastly reduce their spending, which will ultimately slow economic growth.

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