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Special Report - The Retirement Industry - October 11, 2012
Boomers said to carry excess debt
Study suggests that those nearing retirement aren't putting enough in savings

PR Newswire

Baby boomers aren't saving enough for retirement because they are spending too much on mortgage debt—and carrying that and other debts into their near-retirement years, says a new study from the National Center for Policy Analysis.

"Unfortunately, a greater percentage of pre-retirees will be dragging mortgage debt into their retirement years," says National Center for Policy Analysis Senior Fellow Pam Villarreal. "This is a time when major debts should be pared down. Instead,...


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