Baby Boomers Turning 65 - Largely Satisfied With Life
When it comes time to retire, everyone may have different plans for their future, but there are still some things that are the same: it's a definitive point in your life. Boomers are joining the over 65 demographic more so each year, and with this transition comes a reflection on the values, experiences and musings of America in transition.
Are Baby Boomers Happy?
Much has been said about the Baby Boomer's disposition over the years, however a recent study by AARP - "Approaching 65: A Survey of Baby Boomers Turning 65 Years Old" asked them directly and came up with some surprising results.
• 78% of the Baby Boomer generation is satisfied with their current life. This number was 77% when the same question was asked in 2006. • 7 out of 10 Baby Boomers have achieved all, or most of what they wanted out of life. • When surveyed, Baby Boomers described their feelings about the 5 years after retirement as fulfilling, hopeful, exciting, confident and optimistic. • When asked to consider goals still left to fulfill, Baby Boomers responded travel, security, better health and more time with family/friends.
Answers like those show just how accomplished and fulfilled the Baby Boomers feel as they consider life at retirement.
What Concerns The Baby Boomer Generation?
Baby Boomers haven't lost sight of the important things about retirement even though they do have a sense of confidence and hopefulness about the future. In the same AARP study, when surveyed about worries in the retirement transition, Baby Boomers had this to say:
• Only 4 out of 10 Baby Boomers responded they are where they expected to be in terms of Health and Financial Security. • When asked what they'd still like to improve in life, large groups responded Health (35%) and Financial Security (25%). • As to working past the age of 65, over 70% of the Baby Boom generations expect to still be working. • A majority of Baby Boomers feel the country is less civil and that Washington is doing less that it was just 5 years ago.
Baby Boomers' concerns aren't unique - health and financial security are burdens each generation feels to some degree. However, most Americans turning 65 are in the advantageous position of qualifying for Medicare Benefits. Given the benefits Medicare offers and the uncertainty 35% of retirees feel about their physical health, now is the time to clearly determine how Medicare can work for you! If you haven't learned the distinctions within the different parts of Medicare and the choices you need to make to get the most out of your Medicare benefits, now's the time to get informed.
About the Author
You can make a big difference for you future health needs by finding the right Western Slope Medicare plans. Royce Vangoff researched plans for Medicare in Colorado to make sure his parents got all the coverage they needed. Visit http://www.rmhp.org/medicare-beneficiaries/western-slope/ for more information.
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