Tag savings

Changes in Family Net Worth, 2001-2010

The recently released 2010 Survey of Consumer Finances data from the Federal Reserve Board has quantified what we knew to be true in the post-recession years: wealth levels have dropped, dramatically. The story of the average American family, however, like all…

Are Baby Boomers financially ready for retirement?

In her post “How old is old? Is 80 the new 65?”, Susan discussed how increases in longevity have dramatically increased the typical years lived post-retirement.  The average 65-year-old retiree is now expected to survive until age 84.  These changes…