According to the Pew Research Center, nearly 10,000 baby boomers retire each day in the U.S., and about 25% of them leave positions in the insurance and financial services sector. As the retiree demographic grows in the U.S., a little-noticed division is emerging: a split between the states where many households are getting income from private retirement arrangements and that states where getting private retirement income is much less common.
The U.S. Census Bureau asks about "retirement income, pensions, survivor or disability insurance," including non-Social Security retirement income, in the American Community Survey (ACS) questionnaire.
The bureau runs the ACS program to gather data government officials and others can use to see what communities are like and how communities are changing.
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Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.
