Are Boomers finally facing the naked reality?
It has been said quite a lot about the baby boomers’ inability to face the reality of aging and retirement. However, there is a survey at the Aging Hipsters – The Baby Boomer Generation, one of the leading boomers sites. The “boomer” survey has one simple question: Will you have enough money when it comes time to retire?
Possible answer: No – Maybe – Yes.
Not surprisingly, only 27.44%, which means one in four, answered with a sound yes. Almost half of the responders, 42.08% said NO, while the remaining 30.48% is uncertain (maybe). Let me translate to you the meaning of this third of answers: “most likely no but I am embarrassed to admit it…”
It is not a difficult calculation: 72.56% could not answer yes to the question. And if you know the total number of all the boomers, you can easily figure out how many millions will not have enough money for retirement. I kept saying this for quite a long time.
If you want to learn more about the causes of this looming financial disaster – get your copy of my free report: The Baby Boomer Pension Crunch. You can claim your copy here on the right ==>
About the author
Istvan Horvath is an author, blogger, former journalist, a passionate advocate of the Baby Boomers, and the founder of DigitalPensionCom. He is writing extensively about the Baby Boomers' retirement and pension issues. His Pension Report is an eye-opener. Visit his Baby Boomer Pension Blog for more articles. This article can be reprinted or republished provided the content and links are left intact, and the "about the author" section is included.
Tags: Aging Hipsters, Baby Boomers, money, survey
This entry was posted on May 3rd, 2009. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Comments (3)
Are Boomers finally facing the naked reality? | Baby Boomers and Aging
May 3rd, 2009 at 3:27 pm
[...] See the original post here: Are Boomers finally facing the naked reality? [...]
Miriam
May 4th, 2009 at 1:29 pm
That’s BS. Now with this financial crisis everybody wants to scare us. I don’t believe this!
Istvan Horvath
May 4th, 2009 at 1:33 pm
Hi Miriam,
I respect your opinion (although I’d appreciate if you would express it in more civilized terms), however I will point you to an earlier post in this blog where I discussed exactly this topic: when did the pension crisis start. Let me say that in my opinion the shortage of money and the bleak financial future is more like a self-inflicted wound. See more:
Pension Gap (<= click the link)
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