America’s Retirees: Comfort or Crisis? Current Retirees Are Doing Better Than Ever, but Threats Loom for Younger Generations

America’s Retirees: Comfort or Crisis? Current Retirees Are Doing Better Than Ever, but Threats Loom for Younger Generations

More than ever before, the degree to which Americans enjoy either financial comfort or crisis in retirement may depend on the generation into which they were born. Despite headlines suggesting a baby-boomer retirement crisis is already underway, older Americans are doing better—as a whole and within all income groups—than any generation before them. These gains are largely the result of greater access to personal retirement savings accounts and …