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Baby Boomers Turn 65!

Baby

BOOMERS

TURN 65!



BORN

JAN. 1, 1946

THROUGH

DEC. 31, 1964



10,000 BOOMERS REACH

RETIREMENT AGE DAILY!





35%

65+ RELY ON SOCIAL

SECURITY ALONE FOR

RETIREMENT INCOME





5%

LOST & CONFUSED



20%

AHEAD OF THE GAME

DOING BETTER THAN MOST



13%

THEY�۪RE BEHIND



14%

THEY�۪RE JUST

GETTING STARTED



48%

COMFORTABLE. ON

PAR WITH PEERS





$88,000

AVERAGE BABY BOOMER'S

QUALIFIED RETIREMENT PLAN



$38,000

AVERAGE BABY BOOMER'S

SAVINGS FOR RETIREMENT





how do Boomers

FEEL ABOUT THEIR SAVING DECISIONS?





#1 GOAL OF EMPTY-NESTERS

GET DEBT-FREE





HEALTHY RETIREMENT



FINANCIAL PLANNING

LIFESTYLE PLANNING



4 OUT OF 5 BOOMERS

PLAN TO LIVE IN THEIR CURRENT HOME



AMERICANS LIVING LONGER..

..AND BEING MORE ACTIVE IN THEIR

LATER YEARS THAN THEIR PARENTS



64,024 OVER AGE 100 IN 2009



79% BELIEVE A MEDICAL ALERT DEVICE IS

CRITICAL TO LIVING ON THEIR OWN



13% ACTUALLY OWN A MEDICAL ALERT DEVICE





PERCEIVED LIKELIHOOD

OF BEING ABLE TO LIVE IN CURRENT

HOME FOR THE REMAINDER OF LIFE



54% VERY LIKELY

21% SOMEWHAT LIKELY

9% NOT TOO LIKELY

10% NOT LIKELY AT ALL





RETIREMENT HOUSING PREFERENCES



52% - SINGLE LEVEL

50% - COMFORTABLE COMMUNITY

37% - SMALLER HOME

29% - LESS OR NO YARD WORK

24% - COSTS LESS







BOOMERS'

WORK LIFE BALANCE



42% - CYCLE BETWEEN WORK AND LEISURE

17% - NEVER WORK FOR PAY AGAIN

16% - WORK PART TIME

13% - START OWN BUSINESS

6% - WORK FULL-TIME

6% - OTHER



1. EARN MORE THAN YOU SPEND

2. BUILD SAVINGS AND PAY OFF DEBTS

3. COLLECT CAPITAL, NOT STUFF

4. INVEST IN STOCKS, CD'S AND REAL ESTATE



RETIREMENT BLISS





84%

50+ own their own homes

Baby Boomers Turn 65!

shared by RONLEWHORN on Jul 15, 2011 in Economy

Baby Boomers Turn 65!

shared by RONLEWHORN on Jul 15, 2011 in Economy

1K views

6 faves

2 comments

Facts about our aging generation, the Baby Boomers, as they reach retirement age.
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Rank: 306 of 4138 in Economy

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