Baby boomers — the generation born between 1946 and 1964 — are reaching retirement age in record numbers, and those numbers are hitting a new peak this year. An average of 11,000 Americans are expected to celebrate their 65th birthdays every day from now until December. That translates to about 4.1 million people turning 65 in 2024, marking the “peak 65” or “silver tsunami,” as some have called it. If you’re among those riding the wave (or even if you’re not), read up on how it will affect retirement and what you should know.
The Wall Street Journal reported that individuals ages 55 and over traveled without their significant others 46% more in 2023 compared to the previous year.
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