Top 10 Boomer Myths – Separating Fact from Fiction
Preconceived notions about the Baby Boomer generation abound, but many are merely myth, according to the third Quarterly Boomer Report from AARP Services and Focalyst, titled “How Well Do You Know Boomers? Counting Down the Top 10 Boomer Myths.”
“Contrary to many common assumptions, Boomers are making retirement obsolete, are very savvy about advertising, and are experimenting with new products,” said Howard Byck, VP of corporate development for AARP Services.
“Within this generation are diverse segments that must be recognized and addressed differently,” added Jack Lett, executive director of Focalyst.
Below, the top 10 Boomer myths – and corresponding facts – according to the report.
Myth #10 – Boomers are retiring early
Contrary to much of the attention given to the first Boomers’ turning 62 this year and being eligible to take Social Security benefits early, in reality very few Boomers are planning to stop working entirely when they reach retirement age – only 11%.
And of those Boomers who know what they are planning to do when they reach retirement age (some two-thirds), 72% plan to work either part (65%) or full-time (7%) after they reach retirement age.
Click here to read the whole story, including the other nine myths.
Category: Baby Boomer Culture
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