Tag: financial security

iStock-1209891855

The baby boomers born in the early 1960s, at the tail end of the demographic wave, had about $280,000 in retirement wealth when they reached their early 50s. That’s significantly less – about $50,000 less – than the late-1950s boomers had at the same age. Some of this shortfall might’ve been anticipated for the youngest…

100 dollar banknote with a face mask against Covid infection

Introduction  The question is how the COVID-19 pandemic affected the finances of the vulnerable households, as well as those with more resources.  On one hand, the shutdown of the economy resulted in salary cuts and job losses.  On the other hand, many households received substantial government relief – through stimulus payments and unemployment benefits –…