If you’re thinking that as soon as this Christmas break is over the real state of the economy and the nation is going to be revealed, we have a feeling you’re right. Some employers who have been holding back the bad news may be forced to unveil it in 2009, and as a result it’s [...]
Despite the enduring image that marketers portray of retirees lounging on the beach, the reality is that a greater number of older workers are in the labor force than ever before, writes Peter Hoffmann. According to the Employee Benefit Research Institute, 45 percent of people age 55 and older are still in the workforce. Twenty-nine [...]
The question is being asked often these days. “What Happens to Business if the Boomers Don’t Retire?” is the theme of an opinion column by Robert W. Wendover, director of The Center for Generational Studies of Aurora, Colorado. Wendover writes … Much has been made of shrinking Baby Boomer assets over the past few months. [...]
Between now and 2030, the over-65 population will double in the nation’s suburbs, says the author of a new book. “Suburban areas can expect a ‘silver tsunami,’” says William H. Hudnut III, one of the authors of Changing Metropolitan America: Planning for a Sustainable Future (Urban Land Institute, $36.95). And if you don’t like the [...]
The big question is WHEN … when do you begin taking Social Security benefits. Elizabeth Lazarowitz writes in the New York Daily News about an issue in the minds of many boomers across the country. If you’re one of New York’s baby boomers, you’ve got bigger decisions to make about retirement than what friend to [...]
Baby boomers are retiring in record numbers, but their spending habits aren’t changing, according to a survey from Nielsen. They found that boomers spend about 5 percent more than the rest of the population. Their generation accounts for about $230 billion in sales of consumer packaged goods. Experts say baby boomers tend to make more [...]
Dick Zawacki thought he’d be retired by the middle of next year and taking his 1998 Honda Accord — with 230,000 miles on it— to the dealership for an upgrade, reports the Minneapolis Pioneer-Press. It’s a good thing the Honda is a strong runner. As the stock market slid into reverse this fall, Zawacki has [...]
After selling his indoor-air-systems business last summer, Dennis Heller (right) figured he would glide into retirement, reports The Seattle Times. His plan was to work as a consultant for the new owners for a little more than a year, then officially call it quits. His wife, Mary Jo, would precede him into retirement by a [...]
The economic downturn has been punishing, especially to baby boomers. The Chicago Tribune has some tips. With retirement near, it’s no laughing matter that many a Baby Boomer’s 401(k) has turned into a 201(k). The stock market has dropped sharply this year, taking retirement dreams along with it. And because of the credit crisis and Wall [...]
More bad economic news for baby boomers, reported this time by Examiner.com in Washington, D.C. – On the one hand, Baby Boomers accumulated a lot of wealth as a group over the years. The hippies of the Sixties who became the yuppies of the Eighties and helicopter parents of the Nineties have had lots of [...]
Two Boomers Out to See the World Check-In from Central Mexico
We think there’s nothing better than baby boomers who are still living the dream. That’s why we love to hear from Florence and Mike Lince, the “6-monthers.” They write this time from Tepoztlán, Mexico.
The Baby Boomer Retirement Crunch is Starting
Everything we’ve said about our generation is true: we might not feel like it, but we are an “aging population.” And, many people age 65 and older are already struggling to live off the amount they have saved for retirement.
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