There are approximately 73 million baby boomers in the United States. The age range for baby boomers is roughly from 57 to 75 years old, as they were born between 1946 and 1964.
According to the U.S. Census Bureau, approximately 10% of baby boomers are categorized as poor or at a poverty level. This means that they have an income below the poverty line, which is defined as $12,760 for a single person and $25,750 for a family of four in 2023.
But beyond that, what is the outlook for baby boomers over the remainder of their retirement years?