The baby boomers are getting older. They will need help.
About 8,000 people PER DAY turned 60 in 2006. Among them were Bill Clinton and George Bush. The estimate that they now comprise about 39% of our population is made even more impressive by the fact that when they started being born, in 1946, the U.S. population was only 141 million, compared to the 298 million now.
At the time baby boomer started being born only 33% of people made it through high school. Only 5% made it through college. This was the education generation. They changed our world. Now 85% finish high school and 28% finish college. You’ve come a long way, baby.
Thank you.
Something else is different, too. Life expectancy. In the year 2030, statisticians project there will still be 57.8 million baby boomers alive, age 66 - 84. In 1946, life expectancy itself was only 66! There’s good news and bad news with living longer, as the baby boomers are learning themselves with their own parents. If people live long, sooner or later, they need help.
Boomers have also been called the "sandwich generation", because many of them find themselves being caregivers to both their parents and their children, sometimes both in their own homes with both spouses working. As they age, the boomers will find that they need help, too. Some already do. But most do not need health help yet. The help they need is of a different sort.
They need financial help. They are planning for retirement in a rapidl shifting financial world where yesterday’s employment benefit certainties can evaporate overnight while the CEO is making a "perp walk" in handcuffs for CNN.
They need travel help as they plan both today’s recreation and tomorrow’s retirement retirement recreation dream tours.
Many may need relationship help as mid-life crisis saunters on stage, and divorce or death suddenly revives the dating game.
Others find that traditional retirement doesn’t make sense for them or that they cannot afford it, so they need employment help, either with finding a new job or starting a business of their own.
With children gone and finances dwindling many are finding they are in need of real estate help to "downsize".
The good news is multi-fold. None of the baby boomers is "old" yet, and life expectancy and medical science is in a growth spurt.
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