This news just breaks my heart!
From THE HILL:
Baby Boomers: Baby boomers were born between 1946 and 1964. They’re currently between 57-75 years old (71.6 million in the U.S.)
More than two-fifths of baby boomers are nearing retirement with no retirement savings.
That fact may surprise you, if you are a typical white-collar worker, dwelling in a corporate culture of near-universal retirement coverage, encouraged to save a half-million dollars or more before taking the gold watch.
But many Americans work for smaller companies that don’t offer retirement savings, or are self-employed, or live paycheck to paycheck. More Here