A recent US News & World Report Money article quoting Ken Dychtwald stirred up the readers. Dychtwald, author of 16 books on aging, said that though times look bleak for boomers, he predicts a high quality of life. He paints a rosy picture of semi retirement, flourishing new businesses and twenty bonus years to enjoy it all.
You have to respect Mr. Dychtwald as he’s one of the major league boomer marketing consultants in the country. But in their posted blog responses, Paul, Bruce and Chris gave that point of view the heave-ho. One blamed financial insecurity, another loss of America’s manufacturing equity and finally acquisition mania as sad mileposts in the boomer’s coming of age.
My point is that there’re two sides to this story. For sure, marketers will look at these big, bigger, biggest population numbers marching into golden years and play to their new appetites. Question is, will those in the demographic swell have the funds to buy into it all?
-Eileen Marcus