"Addressing the Retirement Crisis: Solutions for an Uncertain Future"

A new analysis reveals that as younger baby boomers reach 65, most are financially unprepared for retirement, with disparities in savings based on gender, education, and race. Many will rely heavily on Social Security, which may not provide a comfortable retirement, especially if trust funds are depleted in 2033. The wave of retirements is expected to reshape the economy, potentially slowing productivity and consumer spending, but creating job opportunities for younger workers.