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Autor: anton • June 23, 2011 • 535 Words (3 Pages) • 450 Views
Baby Boomer Health, Money and Retirement Concerns
As the Baby Boomer generation continues to grow older, their concerns have shifted to their health, money and retirement. The days of wondering where their next vacation should be and whether their bonus check will be as much as they deserve are passing. Today, Baby Boomer issues are mostly about concerns with maintaining their health and having enough money to live comfortably through their years. As people grow older, they often experience problems with their health. Their bodies grow more fragile and susceptible to diseases. Many people 50 years of age and older are reporting health problems that were not experienced by people in their same age group long ago. This problem is created by rising health care costs. As the Boomer generation begins to require more medical care, the cost of that medical care continues to increase. Health issues and their ability to cope with them and find the proper medical support is a major concern for Baby Boomers.
Along with rising health care costs, Baby Boomers also worry about money and retirement. During the last couple years of their careers before retiring, people usually enjoy salaries and bonuses that are larger than at any other point in their career. As a result, money is rarely a major concern. However, many people fail to save that money. Instead, they spend it on vacations, their families and in the pursuit of living fun lives. This can lead to a rude awakening when they retire. Because they have not saved much money during their career, a lot of people discover that they do not have enough money to live comfortably during their retirement years. When they retire, they no longer earn a salary. They no longer receive bonus checks. Instead, they are forced to live off the income that can be generated by the investments they have made throughout their lives. Unfortunately, many have not invested any money that can generate this