Returns on 401(k) Assets by Cohort
The impact of the financial crisis on the retirement savings of the Early Baby Boomers has received considerable attention. Indeed, from the peak of the market in 2007 to the trough in March 2009, these Early Boomers lost a lot of money - $1 trillion. But they have already recovered roughly half of these losses with the ensuing rebound in the equities market, and those with balanced portfolios may have recovered fully. More important, over their full working careers, the Early Boomers have actually been treated quite well by the financial markets, measured against two benchmarks: lifetime returns on retirement assets and the experience of the Late Boomers and Generation Xers.
Year of publication: |
2010-03
|
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Authors: | Munnell, Alicia H. ; Aubry, Jean-Pierre |
Institutions: | Center for Retirement Research (CRR), Boston College |
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