The Income Generation refers to today’s generation of retirees and near-retirees. That means baby boomers and older Gen Xers, who are also nearing the age when they’ll need to start preparing for retirement income.

But what makes this the Income Generation? And why is it so important for them to understand the benefits of investing for income?

The reality is that the Income Generation faces a host of unique challenges different from those faced by their parents and grandparents, including the following