Debt, Continued Spending can Keep Retirement from Being Anything but Golden for Boomers

2016-07-13T20:54:12-07:00July 13th, 2016|Categories: Retirement|Tags: , |

A majority (53 percent) of America’s non-retirees think that they will pay off their debts before retirement, however only 23 percent of retirees actually report being debt free, and 38 percent of retired Boomers have had to adjust their spending to compensate for a financial shortfall in retirement, according to a new study commissioned by Bankers Life Center for a Secure Retirement (CSR). As Baby Boomers struggle to reduce their debt before retiring, 60 percent of non-retirees still spent [...]