The Peak 65® Zone is Here, And Our Country is Not Prepared
WASHINGTON, Jan. 10, 2024 /PRNewswire/ -- America has just entered the Peak 65® Zone, the largest surge of retiring Americans in history according to a new economic report, The Peak 65® Zone is Here – Creating a New Framework for America's Retirement Security, published today by Jason Fichtner, Executive Director of the Alliance for Lifetime Income's Retirement Income Institute, and Chief Economist at the Bipartisan Policy Center.
- Our current retirement system is obsolete and it's time for a new retirement security framework that will help Americans fill this income gap.
- Dubbed the Peak 65® generation, more than 4.1 million Americans will turn 65 each year through 2027, which amounts to more than 11,200 Americans retiring every day.
- Data analyzed in the report shows millions of these retiring Americans lack sufficient protected income and face financial insecurity.
- "Unlike older retired Baby Boomers, the majority of Peak 65'ers don't have pensions, which used to help fill that gap left by Social Security.