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Cheryl Simmons
Cheryl Simmons is a peak boomer who thinks she'll never be able to retire.

Cheryl Simmons

  • Cheryl Simmons, a parking lot attendant, lives in her car but makes too much for affordable housing.
  • Despite earning $42,000 annually, Simmons cannot afford rent and barely has savings left over.
  • Many 'peak boomers' are not financially ready for retirement, with 52.5% having under $250,000 in assets.

Cheryl Simmons, 62, thinks she'll have to "work until I drop."

Tags
economy, finance, California, peak-boomer, boomer, Retirement, Homeless, alice, Savings
Source
A 62-year-old employed 'peak boomer' in California makes too much for affordabl…