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Statistics

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Those facing retirement today and for the next two decades are the baby boomers: people who were born between 1947 and 1966. They represent the biggest slice of the total North American population today, and they are also one of the wealthiest groups in the population base. (However, the baby boom was not an international phenomenon. The only other countries that experienced any kind of a post-war baby boom aside from the United States and Canada were Australia and New Zealand.)

Baby boomers are living longer and healthier lives than the people of past generations. In fact, the life expectancy of retirees has more than doubled in the last 25 years. No doubt life expectancy will continue to grow as more breakthroughs occur in biotechnology and health sciences. New discoveries every day are enabling the baby boomers and their parents not only to lead longer lives, but also to enjoy vastly improved quality of daily living.

Finances After 55

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