Tag: Gen X

A professional young doctor standing behind his patient stock photo

Every year for 24 years straight, the number of people receiving federal disability benefits increased, nearly tripling to around 9 million. In 2015, that trend suddenly reversed. The reversal is due both to more people exiting the program as the population ages and to fewer new people joining the rolls. The drivers behind this latter…

Senior couple reading documents and calculating bills

Late Boomers have low levels of wealth regardless of how it is defined – total wealth, retirement wealth, or 401(k)/IRA wealth.  A decline in some wealth components had been expected as a result of the rise in Social Security’s Full Retirement Age, the shift from defined benefit (DB) to defined contribution (DC) plans, and a…