Except for the independently wealthy, most people are at risk for financial security at retirement. Those that are at particular risk are minorities and women due to a higher divorce rate and live longer than men. Retirement has changed dramatically due to the lack of pensions, risk of social security going away and personal retirement plans like 401K. Baby boomers in general have not saved enough and are now putting children through college and can’t save for retirement as much as they should.
Listen to the discussion on what groups are ill-prepared for retirement