Tag Archives: Boomers

Current Affairs, Love & Relationships, Memories & History, Politics, Science & Health, Times They Are A-Changing

The number of baby boomers and Generation X who plan to work past age 70—or forever—is stunning | MarketWatch

‘Retirement risks faced by workers are greater than ever before’

Last Updated: Oct. 15, 2022 at 6:26 p.m. ET First Published: Oct. 12, 2022 at 11:32 a.m. ET

By Jessica Hall

Getty Images

Almost half of baby boomers and more than one-third of Generation X expect to work past age 70 or do not plan to retire at all, highlighting the need for backup plans in case life’s unexpected events get in the way of such goals.

According to a study by nonprofit Transamerica Center for Retirement Studies in collaboration with the Transamerica Institute, 49% of baby boomers expect to, or already have, extended their working lives past 70 or do not plan to retire. Their reasons for doing so are most as likely to be their health (78%) or their finances (82%). 

Source: https://www.marketwatch.com/story/a-shocking-number-of-baby-boomers-and-generation-x-plan-to-work-past-70or-forever-11665588758

Current Affairs, Politics, Science & Health

Baby Boomers more likely to have multiple health issues than earlier generations | StudyFinds

By John Anderer, June 14, 2022

(© bernardbodo – stock.adobe.com)

UNIVERSITY PARK, Pa. — Baby boomers are more likely to live with numerous chronic health conditions than earlier generations, according to new research from Penn State and Texas State University.

Study authors warn that the growing rate of multiple chronic health conditions (multimorbidity) among older Americans represents a real health threat to the nation.

If it continues, this trend will almost certainly place increased strain on the well-being of older adults, medical infrastructures, and federal insurance systems.

On a related note, the amount of Americans over 65 is projected to increase by an astounding 50 percent by 2050.

Source: Baby Boomers more likely to have multiple health issues than earlier generations – Study Finds

Current Affairs, Love & Relationships, Memories & History, Pleasures, Religion & Spirit, Science & Health, Times They Are A-Changing

‘Not your parents’ retirement:’ Boomers and Gen X redefine their golden years | Yahoo! Money

By Kerry Hannon, Senior Columnist, Fri, May 13, 2022, 11:08 AM
7 min read

Nearly three-quarters of those surveyed said they are able to realize their hopes and dreams in retirement, according to one survey of adults 45 and older. (Photo: Getty Creative)

Baby boomers and Gen X are reimagining retirement, according to a new study.

Pre-retirees and retirees view their parents’ version of retirement as having been a time for “rest and relaxation,” according to a new study “Longevity and the New Journey of Retirement” conducted by Edward Jones in partnership with Age Wave.

However, when asked about their own retirement today and in the years ahead, only 27% see today’s retirement in the same light, while 55% define it as “a new chapter in life.”

“This is definitely not their parents’ or grandparents’ retirement,” according to Ken Cella, principal, branch development at Edward Jones. “At the same time, they face new challenges, especially around their health, their finances and finding a new definition of purpose.”

The survey of more than 11,000 people was conducted online by Harris Poll in January and February 2022 and consisted of adults aged 45+ who are retired or within 10 years of retirement.

Source: ‘Not your parents’ retirement:’ Boomers and Gen X redefine their golden years

Politics, Science & Health, Times They Are A-Changing

Amdocs: The great resignation: Boomers and Gen X stay put, while millennials and Gen Z walk away | VentureBeat

By VB Staff, September 19, 2021 12:15 PM

Above: There is a generational divide among people who leave their jobs.

19% of surveyed workers left or considered leaving a job in the last year.

However, there is a generational divide; 27% of millennials and 31% Gen Z have stated this, compared to just 13% of boomers, according to new research from Amdocs.

Tech workers are even more likely to flee, with 33% having left or considered leaving over the past year. More than 35% had colleagues leave, which negatively affected their daily workloads.

Source: Amdocs: The great resignation: Boomers and Gen X stay put, while millennials and Gen Z walk away | VentureBeat

Love & Relationships, Music, Pleasures

Hey Hey, My My: Aging Rock Fans Still Hold Their Lighters High – The New York Times

Pete Townshend of the Who struck a nerve with rock ’n’ roll rebels in 1965 with the line “I hope I die before I get old.”

But something has happened in the five decades since he wrote “My Generation”: The boomer generation got older, yet continued to love rock ’n’ roll. Now, as many of those early fans enter retirement, they are still boarding buses and trudging through muddy fields to see their favorite bands.

Read more…

Arts & Humanities, Film & Movies

Celebrating ‘The Big Chill’ on Its 30th Anniversary | Flavorwire

Those of us who were born in the early ’80s (and even those a few years older than us) might know The Big Chill best because of its soundtrack. The film, released 30 years ago tomorrow, spawned two records (my parents, inexplicably, had two copies of both on vinyl), including songs by The Temptations, The Four Tops, Aretha Franklin, Three Dog Night, The Band, et al — songs were popular during the mid- to late ’60s, the time during which the characters in the film attended the University of Michigan together. The film is about nostalgia, and was one of the first to incite the Baby Boomers to look fondly, if a bit narcissistically, at their own Good Old Days.

via Celebrating ‘The Big Chill’ on Its 30th Anniversary | Flavorwire.