Six years ago, I wrote an article titled 'Grasshopper Nation', warning about how poorly prepared Americans are for retirement. Sadly, the data has only gotten worse since then.
I’ll deliver the punchline here first, and then get into the underlying data: Right now, as the largest generational cohort in history has reached retirement age, tens of millions of Baby Boomers in America have insufficient savings to retire or otherwise fund their living costs during their twilight years.
This is a massive economic and humanitarian crisis in the making, with no credible plans from the government currently on the table to address it. See the YouTube Video for the charts and graphics: https://youtu.be/DTWyqWHQSho
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