Boomers' Finances Squeezed This Holiday Season by Inflation, Market Volatility, and Rising Costs
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44% of baby boomers say their finances are worse this holiday season compared to last year, especially for women.
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Factors hurting boomers' finances include inflation, rising interest rates, stock market fluctuations, many still working past retirement age, not investing aggressively enough, and rising healthcare costs.
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Half of boomers lack financial literacy on topics like interest rates and investment diversification.
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57% of near-retirees are still working, up from 46% two decades ago, due to economic hits to retirement savings.
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Healthcare expenses continue rising for boomers, eating into retirement funds; out-of-pocket costs expected to increase 4.1% from 2025-2031.