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December 23, 2010

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Happy and content, say baby boomers

DESPITE the economic turmoil of the past few years, the leading edge of baby boomers turning 65 next year are content with their lives, and many want to continue working for as long as they can, a survey released yesterday found.

While many boomers turning 65 next year have concerns about financial security and health, the survey found 82 percent are optimistic about the next five years, according to a survey released by the American Association of Retired Persons, an influential advocacy group for older Americans.

Seven in 10 said they achieved all or most of what they wanted in life and 78 percent said they were satisfied with the way things are going in their lives, the AARP survey said.

"They are pretty satisfied with what they have done," said Steve Cone, AARP executive vice president.

"They are looking forward to being around for a good many years to come and unlike previous generations, 40 percent of (those working) say they are never going to retire. They are going to work until they drop," Cone said.

The survey of 801 people turning 65 next year was conducted by Woelfel Research Inc for the AARP. The results could have significance for companies facing an aging workforce and for real estate markets as the vast majority said they plan to stay where they are and grow old.

A significant number of those surveyed, 44 percent, said they plan to take classes or learn something new, while?61 percent said they want to travel more.

"This is a generation that started identifying who they are with what they do, so it's no surprise that they plan on staying active for as long as they can," Cone said.

 

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