In January 2006, Strategic Guidance Consulting completed a comprehensive study entitled, The Aging Baby Boomer, which provides a fascinating view of their attitudes about retirement.
Aging. Boomers don’t equate retirement with age. They also feel they’ll live well past 80 years of age.
Work. Boomers want to continue being valuable – and valued – members of society. In Canada, over 50% plan to work in retirement, feeling that working longer means staying active. A Merrill Lynch study in the US puts that number even higher – over 75%. However, an even more interesting finding is that over 50% of those who wish to continue working will be doing a job that is “different than the one they had.”
Home. A significant number plan to retire in their current homes rather than purchase a “retirement home” or spend winters in the sun.
Spending. Boomers don’t plan on adjusting their lifestyles – or spending – in retirement.
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