The recent increase is more pronounced among Hispanic and Asian American boomers — up four and three points, respectively.
Since February 2020, the number of retired boomers has increased by nearly 1.1 million.
But running the numbers from February to September period in 2019, the population of retired boomers increased by only about a fourth of what happened last year.
Baby boomers and retirement savings go hand in hand, and many of those new retirees face mounting challenges regarding their savings nest.
Not exactly, but the situation does beg a reassessment of how long a boomer’s savings can last.