GITNUX MARKETDATA REPORT 2024

The Most Surprising Baby Boomer Retiring Statistics in 2024

Statistic 1

"Nearly 90% of baby boomers want to live in their own homes in retirement."

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Statistic 2

"40% of baby boomers plan to work part-time during retirement."

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Statistic 3

"Approximately 70 million baby boomers are projected to retire by 2030."

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Statistic 4

"Over 60% of baby boomers have not calculated how much they need for retirement."

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Statistic 5

"Baby boomers currently make up about 28% of the U.S. population."

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Statistic 6

"Only 20% of baby boomers have a written retirement plan."

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Statistic 7

"By 2030, all baby boomers will be older than age 65."

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Statistic 8

"About 10,000 baby boomers reach retirement age every day."

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Statistic 9

"The average baby boomer holds about $36,000 in debt."

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Statistic 10

"50% of baby boomers are willing to downsize their homes upon retirement."

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Statistic 11

"Baby boomers hold nearly $59 trillion in U.S. wealth."

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Statistic 12

"Baby boomers are expected to put a significant strain on Social Security and Medicare."

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Statistic 13

"25% of baby boomers are delaying retirement due to financial insecurity."

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Statistic 14

"The average baby boomer has saved only $152,000 for retirement."

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Statistic 15

"1 in 5 baby boomers provide unpaid care to an aging parent or spouse."

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Statistic 16

"Social Security benefits make up about 50% of the income for nearly half of retired baby boomers."

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Statistic 17

"Close to 30% of baby boomers have less than $25,000 in retirement savings."

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Statistic 18

"Only 27% of baby boomers feel confident they have enough money to last through retirement."

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Statistic 19

"Baby boomers are expected to need 70-80% of their pre-retirement income to maintain their standard of living."

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Statistic 20

"Close to 50% of baby boomers underestimate their life expectancy."

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