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From Rock 'n' Roll to Rock 'n' Chair: Are Baby Boomers Financially Ready for Retirement?

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Just like generations before them, the baby boomers are not one group, but many. Are they financially ready for retirement? A review of the likely income and expenditure data for baby boomers indicate that some are well-prepared financially for retirement, some are not, and for many, retirement preparation is still a work in progress. This article also highlights the importance of Social Security and Medicare for about half of the retired population, and the need for proposed policy changes to recognize the critical role these programs play in the lives of retirees.
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Keywords: BABY BOOMERS; DEFINED BENEFIT PLANS; DEFINED CONTRIBUTION PLANS; MEDICARE; PENSIONS; RETIREMENT; SOCIAL SECURITY

Document Type: Research Article

Publication date: June 1, 2017

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  • Practitioners and researchers in the field of aging have long relied on Generations to provide them with in-depth research, practical applications, and valuable insight into the lives of older adults and those who work with them. Each issue features several articles on a single topic, guest-edited by one or more recognized experts in the subject area, and includes contributions from a range of practitioners, researchers, policymakers and elders. Authoritative and comprehensive, Generations offers a wide range of perspectives on relevant and timely topics in aging. This is what makes Generations an ideal resource for professionals, academics and anyone interested in aging.
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