Capturing the Boomer-Care Flag: The Misalignment of Compensation and Consumer Need

Walker, Lewis J.
June 2008
Journal of Financial Planning;Jun2008, Vol. 21 Issue 6, p28
Academic Journal
The article focuses on retirement issues and retirement planning as an increasingly percentage of Americans reach the retirement age. It states that almost a third of employees will be forced into an earlier retirement than they planned due to illness, downsizing, and layoffs. It mentions that almost half of retirees will have their Social Security benefits as their largest source of income. It comments on the increases in health problems that come after ages 50 and 60, including Type 2 diabetes, osteoporosis, and heart problems. It mentions expected shortages in trained professional caregivers and facilities in the future, and how retirees may have to care for elderly parents. It comments on the increase in the divorce rate of people over age 55.


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