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Older baby boomers appear to be the last generation that will maintain their living standard in retirement as younger generations are failing to financially prepare for their golden years, reports Forbes.

 

A Pew Charitable Trusts report entitled “Retirement Security Across Generations: Are Americans Prepared for Their Golden Years?” finds that younger generations have high levels of debt relative to assets, missed the benefits of the dot-com boom and the surge in housing prices leading up to 2007.

Read the full article from Forbes here.

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