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Aging Populations, Baby Boomers Create Opportunities/U.S. Pension Accounts Top $24.8 Trillion, Business and Industry Trends Analysis

According to the Investment Company Institute, Americans held nearly $37.2 trillion in retirement and pension assets in the second quarter of 2021, including individual IRAs, employer-sponsored pension or savings plans and plans for government employees.  (These numbers do not include life insurance plans, expected benefits from Social Security, privately held annuities or certain other types of retirement savings.)  2006 marked the year that the first Baby Boomers turned 60, meaning that many could take early retirement.  By the year 2020, the total number of Americans over age 65 will be the highest in the history of the nation, at about…

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