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— - 3 it's - 2 boomer - 2 Kelley Herford - 1 she'd - 1 she's - 1 Herford - 1 I've - 1
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Search resuls for: "Ann C. Logue"


3 mentions found


☆ Meet a boomer who thought she'd be retired by now but wants to help her millennial son: 'I'm not going to sit back and watch him not be able to go buy groceries'
  + stars: | 2024-02-11 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +5 min
Kelley Herford, 63, thought she'd be retired by now. AdvertisementKelley Herford, 63, thought she'd be retired at the age of 62, or even 60. Instead of drawing from a strong pension and not worrying about anything — her original vision for retirement — Herford is still punching the clock. "I'm just going to have to work until I can't work any longer," she said. Advertisement"We did everything right," Herford said.
Persons: Kelley Herford, she'd, she's, Herford, —, I've, — Herford, I'm, that's, She's, it's, Ann C, Logue, aren't, boomer Organizations: Service, Pew Research Center Locations: underemployment, Herford, Charleston , South Carolina, Washington, DC
☆ Boomers Haven't Saved Enough for Retirement; Gen Z Will Have to Pay
  + stars: | 2024-01-10 | by ( Ann C. Logue | ) www.businessinsider.com   time to read: +11 min
According to Census Bureau data, 44% of boomers are at retirement age and millions more are soon to join them. And since younger boomers are less financially prepared for retirement than their older boomer siblings, the problem is bound to get worse. AdvertisementAs boomers continue to age out of the workforce, it's going to put strain on the healthcare system, government programs, and the economy. Not all boomers are richIt's undeniable that some boomers will enjoy a cushy retirement. The median retirement account for that age group has only $200,000 — meaning that half of 65- to 74-year-olds have even less saved up.
Persons: —, it's, Rita Choula, Stevie Kuenn, Kuenn, Choula, Caregiving, Gen Organizations: Federal, AARP, Institute, Consumer Finances, Social Security, National Council, Medicare, Pew, National Alliance, American Health Care Association, Department of Homeland Security Locations: —, Chicago, Ohio, America
☆ Millennials, Gen Z Mistakenly Bet on Inheritance From Boomer Parents
  + stars: | 2023-10-18 | by ( Ann C. Logue | ) www.businessinsider.com   time to read: +14 min
When she died, Grandma Sue left the most common form of inheritance, called an accidental bequest, which is simply the money left over when someone dies. The New York Times reported on a coming inheritance wealth boom in 2023, 2019, 2014, 2008, and 1999. Even for families with incomes in the 51% to 90% range of earners, the average inheritance was $46,000 — hardly life-changing money. Researchers have been talking about the coming Great Wealth Transfer for at least a quarter of a century. But the reality is that all the wealth boomers are sitting on probably won't end up fixing our collective financial problems.
Persons: Grandma Sue, Grandma Sue's, —, Xers, Gen Zers, Xer, shouldn't, Edward Wolff of, Maury Gittleman, Wolff, Gittleman, Michael Bloomberg, Warren Buffett, Larry Ellison, Bill Gates, Isabel Sawhill, It's, Penn, there's, they're, Bank of America cardholders, Joseph Smith, haven't, boomer, Ann Logue Organizations: Social Security, Medicaid, Boomers, Federal Reserve, New York Times, Edward Wolff of New York University, US Bureau of Labor Statistics, Federal, Brookings Institution, University of Pennsylvania, Penn, Medicare, Family Foundation, Bank of America, Consumer, Department of, Northwestern Mutual, IRS Locations: Northwestern, Chicago
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