Baby Boomers Want to Enjoy Money and Not Save

AC Nielsen researchers have found that aging baby boomers plan to spend their hard-earned money on themselves in retirement, rather than leaving it to their children. Baby boomers instead intended to try to provide for their children by paying for higher education and allowing children to live rent-free at home for longer. Baby boomers also wished to move past old regrets, such as unfulfilled career aspirations, leaving school early, lack of confidence in the workplace, and more; their attitude of spending their money on themselves may reflect a compensatory mechanism for their earlier shortcomings.

Forecast for 2030: Seniors to Outnumber Kids in 10 States

The United States Census Bureau reported that in the year 2000, no state had more elderly than children. However, by the year 2030, the agency predicts that 26 states will double their populations of people age 65 and over, representing the year when the oldest members of the baby boom generation reach their 80s. Florida , Pennsylvania , Vermont , Wyoming , North Dakota , Delaware , New Mexico , Montana , Maine , and West Virginia will all have fewer children than elderly. The growth in the 65+ population will be about 3.5 times the growth of the nation as a whole.

Anti-Aging Medical News

… in the meantime remember the words of Victor Hugo

“Forty is the old age of youth, Fifth is the youth of old age.”