An examination of retirement savings among different generations : an honors thesis (HONRS 499)

The purpose of the study conducted is to examine the saving habits of the baby boomer generation as compared to other generations. The first section of the study looks at retirement planning in general to give an understanding of how an individual can effectively save for retirement. Next, the study deals specifically with the saving habits of the baby boomer generation. This section discusses the relevant statistics concerning the baby boomer generation and their lack of retirement saving.The last half of the study deals with a survey conducted about saving habits of individuals. This section looks at the generational differences in five factors of retirement savings: Social Security, aversion to technology, expected age of retirement, self-leadership, and perception of risk. Conclusions were then drawn from the findings of the study to give reasons why the baby boomer generation is not saving adequately for retirement.Honors CollegeThesis (B.?.