Survey: Boomers to Spend Retirement in the Red National Underwriter (Life and Health Financial Services Edition) (01/10/02) Vol. 32, No. 1 p.8; Kois, Barbara
Baby boomers with household incomes ranging from $35,000 to $100,000 told researchers with Harris Interactive that they expect to spend their retirement years paying off high levels of debt. Fifty-eight percent of those surveyed said that they will be paying off home mortgages, car loans, and credit card debt. More than two thirds of respondents said they would be both earning and saving money for their retirement during their retirement.