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Wednesday, June 14, 2006

AARP to Boomers: don't expect inheritance to cover retirement

"...[A] new study by AARP has bad news for those who expect inheritances to cover for a lack of savings: It's not happening.

AARP, the Washington-based seniors advocacy group, found that as of 2004, just 20% of Americans reported receiving any inheritance. The percentage was higher for those born before 1946, at nearly 30%; for boomers, those born between 1946 and 1964, the percentage was 19.2%. "

"Inheritances Won't Bail Out Boomers, AARP Says"
Los Angeles Times

Comments on "AARP to Boomers: don't expect inheritance to cover retirement"


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