Top News From Today's "Boomiverse"
Death be not a Boomer: A group that won't go quietly
Frederick R. Lynch
Chicago Tribune
April 12, 2007
Overview: Lynch reports, “Americans historically have been a death-denying people, but the aging of Baby Boomers may change all that.” He goes on to say, “A generation of savvy consumers is turning its sharp shopping skills toward conventional and alternative health care -- and meeting eager marketers. Nightly TV newscasts mix special reports on chronic-disease treatment with advertisements for pharmaceuticals and other health-care products. Hundreds of Web sites cater to Boomers' hunger for health-care information.” Lynch ends the article saying, “The 1960s anti-war chant of ‘Hell no, we won't go!’ seems futile for a 50-something generation. And ‘Peace now!’ takes on a new and more menacing meaning altogether.”
The non-retirement retirement; Some would-be retirees are forgoing sailing around the world in lieu of starting their own business - by choice.
Jessica Dickler
CNNMoney.com
April 11, 2007
Overview: Dickler reports, “Instead of settling into a retirement lifestyle, some would-be retirees are opting to use their capital to continue working - but this time, on their terms.” She shares a quote from Maria Coyne, the executive vice president for KeyBank, who states, “While some baby boomers near retirement age are realizing that they don't have enough savings to retire comfortably, others are choosing to venture on their own because they want to translate the success from their corporate job into a position that offers more independence and control.”
Aging U.S. Baby Boomer Population May Find Financial Stress in Retirement
TheMatureMarket.com
April 11, 2007
Overview: The 2007 American Retirement Study by Scottrade found that “forty-two percent of American Baby Boomers, those between the ages of 45 and 64, say they will not have enough money to do the things they want to do when they retire and nearly one-third (31 percent) say they will have to cut back on their current lifestyle in retirement...”
http://www.thematuremarket.com/SeniorStrategic/baby_boomers_stress_retirement-8524-5.html