The retirement dream is fading for middle-income boomers, according to Bankers Life and Casualty Company Center. The company released a survey Thursday that found one-third of boomers with between $25,000 and $75,000 have not seen any rebound in their retirement accounts. One-fifth of boomers have less than $10,000 in savings.
Unsurprisingly, just 10% of respondents are confident they have saved enough for retirement.
“Strive to pay down debt, take full advantage of your retirement savings opportunities at work and be realistic about the amount of money you will need to live the retirement lifestyle you want,” Scott Perry, president of Bankers Life and Casualty Company, recommended in a press release.