Monday, December 01, 2008

 

Baby Boomers, Gen Xers Cope with Shifting Connotations of 21st Century Retirement

Adults approaching retirement are one of the fastest growing demographics in the United States. This timely new report from Packaged Facts, The Retirement Products Market for Baby Boomers and Generation X in the U.S., projects total retirement assets by product type (IRA, Annuities, Government Pension Plan, Defined Contribution Plans, and Private Defined Benefit Plans) through 2012 in two ways: by actual experience between 2002 and 2007, and as adjusted for nominal GPD growth rate as projected by the Congressional Budget Office. Either formula yields an astonishing increase over 2007's total value of $17.6 trillion.

Baby Boomers, Gen Xers Cope with Shifting Connotations of 21st Century Retirement
Source: Insurance News Net

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