Derek J Draper

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About 4.2 million people in the U.S. are forecast to turn 65 this year, according to a report by the Alliance for Lifetime Income’s Retirement Income Institute, citing Social Security Administration figures. This shift has financial and economic implications:

🔹 Where money lives is shifting: More assets are moving from banks to insurers and other investments as retirees adjust portfolios.

🔹 Retiree debt is rising: Americans age 60+ now hold nearly a quarter of all U.S. household debt, including mortgages and credit card balances.

For those approaching 65, does this surprise you? What’s at the top of your mind regarding retirement? 👇