Transcript

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

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Facts about our aging generation, the Baby Boomers, as they reach retirement age.
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Category: Economy

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