Paying for Retirement

November 5, 1993 • Volume 3, Issue 41
Will baby boomers have a rough time when they retire?
By Mary H. Cooper


As the first members of the baby-boom generation enter middle age, concern is mounting that millions of Americans in this huge population group won't be able to retire in comfort. Social Security payments will only meet a small part of most retirees' financial needs. The other traditional sources of retirement income -- employer-sponsored pension plans and personal savings -- may be less secure. Pension coverage for workers is about as broad as ever, but the kinds of pensions available are changing drastically, as cost-conscious employers shift the burden of saving for retirement from the company to the worker. Financial advisers are warning today's workers to start saving early for retirement if they want a secure old age.

ISSUE TRACKER for Related Reports
Pensions and Retirement
Feb. 17, 2006  Pension Crisis
May 31, 2002  Retirement Security
Nov. 05, 1993  Paying for Retirement
Jul. 21, 1989  Future of Employee Benefits
Mar. 28, 1986  Pension Problems
Mar. 06, 1981  Retirement Income in Jeopardy
Nov. 11, 1977  Mandatory Retirement
May 21, 1976  Pension Problems
Sep. 20, 1967  Pension Plan Safeguards
Feb. 24, 1961  Retirement Age
May 04, 1949  Service Pensions for War Veterans
Jan. 10, 1936  The Bonus and Veterans' Pensions
Nursing Homes and Long Term Care Facilities
Retirement, Pensions, and Social Security
Social Security