I find the following AFP report on 'boomers' interesting. First, their vast numbers will have a wide ranging effect on society when they retire. And the first from that generation will soon retire in January 2008.
The most obvious would be the enormous funding required for social security payments. As I mentioned in my last posting, social security accounts for 39% of a typical retiree's income during retirement.
The second important transformation would be a new meaning they lend to retirement. The new generation of 'retiree boomers' will likely hold a different view of retirement lifestyle than their predecessors'. As more retirees spent their retirement by continuing to remain active in life through holding on some kind of jobs after retirement - whether out of financial necessity or otherwise, gone were the days when retirement simply means doing nothing. Hence, the new generation of retirees should be healthier, more active and by their sheer numbers would still have their clout on the country's economy and even politics. Read more of the report below and enjoy..
No comments:
Post a Comment