Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

11 Reasons Why Baby Boomers Aren’t Prepared To Retire

August 5, 2021 · Retirement Life, Saving & Spending
Photo by Dmytro Zinkevych from Shutterstock

Not saving anything

According to the IRI survey, an impressive number of 23% have no retirement savings, and even worse, they never did. The three pillars of a good retirement are Social Security, private pensions and personal savings.

When it comes to baby boomers, none of those is in great shape. The average Social Security check is $14,000 a year, so you can hardly sit comfortably by the time you’re retired.

When it comes to a private pension, only 23 % of boomers ages 56-61 are expecting any income from a private company pension plan, and only 38% of older boomers expect a pension. As for personal savings, it won’t take too long to discuss it: they didn’t save enough.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • What $3,000 a Month Really Looks Like in Retirement Based on Where You Live What $3,000 a Month Really Looks Like in Retirement Based on Where You Live
  • An older couple in casual clothes sitting at a wooden kitchen table, looking at a tablet together in warm natural light. Here's What the Average Social Security Check Is in August (How Do You Compare?)
  • A retired couple walks down a peaceful, tree-lined suburban sidewalk during the warm golden hour. 10 Best Retirement Cities With Peaceful Neighborhoods
  • 10 Small Towns Where Retirees Can Live Like Millionaires 10 Small Towns Where Retirees Can Live Like Millionaires
  • An older veteran looking skeptically at a tablet showing a $10,000 XRP claim, watercolor illustration. American Veterans Are About to Receive $10,000 in XRP From Ripple - More Here!
  • A retired couple standing on a sunny balcony in Europe overlooking a coastal town at sunset. 10 Things to Know About Retiring Abroad
  • A thoughtful 68-year-old man sitting on his porch during golden hour, holding a warm mug. Here's the Average Social Security Benefit of 68-Year-Old Americans (How Do You Compare?)
  • A stylized gouache illustration of a couple walking along a path divided into Taxable, Tax-Deferred, and Tax-Free segments. In What Order Should You Tap Your Retirement Funds? (Find Out Here!)
  • An active retired couple laughing together on a wooden lakeside porch in New Hampshire during a warm autumn morning. The 10 States Where Retirees Receive the Highest Median Social Security Benefit Checks
  • A retired couple hiking hand-in-hand along a scenic desert trail lined with cacti during a warm, golden sunset. 20 Affordable Desert Towns Retirees Are Falling in Love With

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

The Best Places to Retire If You Can’t Save Up $1 Million

Memphis, Tennessee If music is a big part of your life, consider Memphis. You can…

Read More →

15 Things That Make Seniors’ Lives Easier

Pill Organizer – $7.98 from Amazon When you’re relying on several types of medication daily,…

Read More →

9 Ways FBI Agents Protect Their Homes

You should know your neighborhood First of all, it is very important to have good…

Read More →

Find Out if You Can Still Work Through Retirement in the USA

Colorado In Colorado, 24% of seniors are still in the workforce. That means that around…

Read More →

10 Most Tax-Friendly States For Retired Taxpayers

10th Best: Tennessee The downside: With combined state and local sales tax rates averaging 9,55…

Read More →
A world atlas and cultural mementos on a sunlit wooden desk, symbolizing a global perspective on retirement planning.

8 Retirement Traditions From Around The World

Explore 8 fascinating retirement traditions from around the world, from Japanese ikigai to Scandinavian cohousing,…

Read More →

We Found The Best 20 Neighborhoods for Retirees

20. Rancho Charleston — Las Vegas You might think, wrongfully so, that in a city…

Read More →

10 Beach Towns That Are Perfect For All Retirees

Discover the 10 best beach towns for retirees, featuring affordable coastal destinations with excellent healthcare,…

Read More →
A man in his 60s reviews retirement savings charts on a tablet at his kitchen table in the morning light.

Is Your 401(k) Keeping Pace? See the Average Balance by Age in 2026

Discover the average 401(k) balance by age in 2026 and learn actionable strategies to benchmark…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.