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title: The Wealthiest Generation in History Cannot Afford to Retire, and Their Children Are About to Find Out 
description: Baby boomers hold more collective wealth than any generation before them. Individually, six in ten are not on track to afford their own retirement, and the b...
author: Dr Marina Nani (Editor-in-Chief)
date: 2026-07-20T10:00:00.000Z
updated: 2026-07-20T10:58:10.969Z
canonical: https://richdadmagazine.com/article/the-wealthiest-generation-in-history-cannot-afford-to-retire-and-their-children-are-about-to-find-ou
image: https://cdn.nanimediahouse.com/pexels-two-senior-adults-engaged-in-a-fun-virtual-reality-simulator-7983628.jpg
categories: Money & Legacy
content_type: News
region: Global
publication: Rich Dad Magazine
access: members
schema_type: Article
---

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Here is the first thing that does not add up. Baby boomers are, collectively, the wealthiest generation in American history. They also retire at a rate of roughly 10,000 people a day, part of what demographers call peak 65, a run of more than four million Americans turning 65 every year through 2027. And according to Vanguard's own research, only 40 per cent of boomers aged 61 to 65 are actually on track to afford the retirement they are walking into. The other 60 per cent are stepping into their post-work years short of what their own lifestyle requires, some of them by a considerable margin.

Collective wealth and individual readiness turn out to be two entirely different measurements, and the gap between them is where this story actually lives.

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