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The Baby Boomers Are Getting Elderly
As baby boomers age, they face a whole new group of challenges and situations from those in their younger years. While the youngest of the baby boomers, the members of what is sometimes termed "Generation Jones", are just in their mid forties, the oldest of this largest of American generations begins turning sixty-five this 2011.
Even the youngest of the baby boomers are past the first bloom of youth. A generation that once proclaimed "Never trust anyone over thirty" now starts at the age of 46. Since most of them are still working and will be spending into retirement and Social Security systems for much more years, they too are keenly aware of the implications of their aging generation and its oldest members.
Those in their forties may still be entrenched in child raising particularly since it is no longer regarded unusual for a woman to begin a pregnancy in her 40s. In fact, with innovations in reproductive medicine, it has become possible for women to become pregnant quite a bit beyond the usual age of childbearing. Several have become financially effective to the degree necessary to afford high tech means of having a child in later life.
Thus, some baby boomers in their fifties or older may have very young children while most in this age group have kids who are college age or older. For the latter, rising costs of higher education are a perennial concern.
And what of the oldest of the baby boomers? For them, children are basically grown and gone from the home and their issues encompass the quality of their lives after retirement. While baby boomers generally control a great proportion of the national wealth and buying power, that often decreases on retirement incomes.
Many baby boomers have planned well and have portfolios of stocks as well as other investments that will give a comfortable retirement, but others either may not have planned well, had not made enough to save or invest, or saw their savings diminish in stock market collapses.
As baby boomers age they also face the reality that health and physical abilities may also impair their retirement lifestyles. In addition, declining health may also imply increased medical expenses that can be extremely troublesome on a fixed income.
The Generation Baby Boomers
The baby boomers generation is one of the largest in history. From 1946 through 1964, over 3 million babies a year were born to Americans. The current number of baby boomer is estimated at approximately 77 million individuals. Their ages range currently from the mid 40's to the mid 60's.
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Baby Boomers: What Does This Phrase Truly Indicate
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The Baby Boomers- Their Number Is Quite Alarming
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