Our daily roundup of retirement news your clients may be thinking about.

The economic recovery hasn't been kind to boomers Although some people in the oldest age group have bigger wealth and income compared with those in the youngest group, median wealth of older Americans have dropped to 20-year low since 2010, according to a report from the Federal Reserve. The findings suggest that while stock and housing markets were rising, both wealth and income fell for Americans aged 45 to 64. And the percentage of 55-year-olds to 64-year-olds who filed for disability or retirement rose from 27% in 2010 to 29% last year, the report says. The findings suggest that it could be more difficult than before for older workers to have a comfortable life in retirement.   --Businessweek

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access