Research has found a great wealth transfer is underway, with research and consulting firm Cerulli Associates estimating an $84 trillion to shift from older to younger generations through 2045. Yet other experts say a retirement savings crisis may be brewing for some who have not set aside enough for their elder years. "That wealth transfer is going to take place on a less-than-widespread basis," Horton said. Those costs — combined with low retirement balances — have prompted some to say there is a retirement savings crisis underway. A majority of Americans — 79% — said there is a retirement crisis, up from 67% in 2020, a recent survey from the National Institute on Retirement Security found.

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Persons: Chayce Horton, Horton, There's, that's, — Organizations: Cerulli, Fidelity, National Institute on Retirement Security Locations: U.S