NURSING HOME SITE - ADULT RETIREMENT COMMUNITIES SITE

Active Baby Boomers

Baby Boomer Retirement

So the Golden Years have finally arrived and the 78 million babies that were born after World War II and 1964 are now a part of the baby boomer generation, but how well are they prepared for the golden years. Looking back on the way things were, the baby boomers should be well prepared as the previous family unit in these days was centered around the preservation of the money they earned while providing their families with the wants and needs of the age. These values were also passed down to their children, which made baby boomers prime candidates for saving. Surveys done in recent years show that baby boomers have more money to spend as the average income per household is $47,300 annually. The average household spends $12,000 annually for housing and averages in $24,000 in yearly disposable money.

 

Surveys also show that baby boomers are alive and well in the financial field. They are the owners of 62 % of all large Wall Street investment accounts, they visit malls more than any other age group and when asked if they think about their future the answer is almost always “ often”. It shows that they do have security for their retirement years. They grew up with the mentality of how important it was to save for a rainy day. As jobs got better and the rate of pay increased, it not only afforded them a better way of living, but it gave them the opportunity to increase their savings. Most people that held a job for all these years usually end up with a company pension as well as old age security, which combined with their savings, leaves them in a good position to face the problems that may arise as they get older.