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Entries in Retirement Age (2)

Thursday
Jan202011

Baby Boomers Not Optimistic About Retirement

Photo Courtesy - Getty Images(POUGHKEEPSIE, N.Y.) – A new poll suggests that a majority of Baby Boomers expect to have a less comfortable retirement than previous generations.

The Marist Poll found that 54 percent of Baby Boomers, who will turn 65 this year, believe their post-retirement life will be less comfortable than those who came before them.

Their outlook for the future is far bleaker than it was when they were 18. According to the poll, 40 percent of Baby Boomers had hopes that there would be a cure for cancer by this stage in their lives. When they were 18, 40 percent had believed world hunger would have come to an end by now. Eighteen percent believed that there would have been an end to war by the time they retired.
 
Copyright 2011 ABC News Radio

Tuesday
Dec282010

Should Baby Boomers Be Encouraged to Work Past Retirement Age?

Photo Courtesy - Getty Images(OMAHA, Neb.) -- Seventy-one percent of Americans believe they should be encouraged to work past normal retirement age, says the Marist College Institute for Public Opinion, after polling more than 1,000 U.S. adults.

Meanwhile, 69 percent -- including 71 percent of Gen-Xers and 61 percent of Millenials -- say it should be their responsibility to provide for those who retire before them.

"The New Reality of 2011: Baby Boomers at 65" survey was commissioned by Home Instead Senior Care.  Roger Baumgart, CEO of Home Instead, thinks "intergenerational collaboration" is critical to the success of aging Baby Boomers in America's workforce. "We are encouraged to see there is opportunity for intergenerational collaboration to ensure that seniors in America age successfully," he says.

According to the report, Baby Boomers -- born between Jan. 1, 1946 and Dec. 31, 1964 -- are most concerned with finances (48 percent) and health (34 percent) in their life after 65.

Though most Americans believe they should provide for retirees, some feel the economy could suffer because of Baby Boomers.  Sixty-one percent admit they are troubled that Baby Boomers might bankrupt Social Security and 59 percent feel Boomers could overload the healthcare system.

Copyright 2010 ABC News Radio







ABC News Radio