Baby boomers are often viewed as the last generation to truly have a good financial situation handed to them. After all, according to multiple reports, those over 55 control 70% of the household wealth in the U.S.
However, the sad reality is that there are people of every age, including boomers, who find themselves without financial security or a decent source of income for retirement. While most boomers can rely on Social Security benefits, even the maximum benefits are not enough for the average person to live on completely, and the trust fund’s solvency is questionable at best.
