Baby Boomers Going Bust

Discussion
Nov 25, 2002
George Anderson

By George Anderson


A new study from the AARP (formerly known as the American Association of Retired Persons) says that many baby boomers are concerned about their ability to finance their way through the golden years ahead.


Among the key findings of Boomers at Midlife: The AARP Life Stage Study are that Baby Boomers:


  • Place great importance on personal finance and leisure.

  • Are least likely to be satisfied with their personal finance and leisure.

Moderator’s Comment: Are the concerns of Baby Boomers
about the future having a significant effect on the current state of the economy
and retail sales?


Longer lives, rising medical expenses and dwindling retirement
savings from 401K programs are just some of the factors that have normally optimistic
boomers concerned about their future. [George
Anderson – Moderator
]

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