Baby Boomers Expect a Retirement Filled With Satisfying Leisure Time Activities

Baby Boomers Are Retiring!Baby Boomers are moving into retirement in increasing numbers. Already, approximately 1/3 of adults in the U.S. (over age 21), is a Baby Boomer, and every day, 10,000 more people hit their 50th birthdays. But they consider this period of their lives to be “Middle” Age – not “Old” Age. Boomers tend to look 10 years younger than their chronological ages, they’re stronger and healthier than previous generations at the same age, and consequently, they’re going to remain active for many years.Baby Boomer CharacteristicsAs a group, Baby Boomers tend to play hard, work hard and spend hard – and this characteristic is likely to continue into retirement (the “Me Generation” is at it again). About 80% expect to work (either full or part-time) past their 65th birthdays; however, when they play – they’re likely to continue to play hard and spend hard, just like always.Baby Boomer RetirementsSo how do they plan to spend all this leisure time?
They will continue to be interested in things like luxury travel and vacation packages at preferred hotels and resorts around the world.
They are heavily invested, even obsessed, with health and fitness, so things like spas, health clubs, active sports, etc. will also be highly sought after.
Their nostalgic tendencies will continue to popularize music and entertainment 50s and 60s style.
They’re also committed to being lifelong learners and will actively pursue a variety of educational and learning opportunities, whether serious ones (such as graduate school and advanced degrees, or starting their own businesses) or more informal such as those related to hobbies and other interests.
Many members of this generation are grandparents, and heavily invested in their roles as grandparents. Consequently, they’ll spend lots of time with their grandchildren.
Many will be retiring “in place,” rather than relocating to the Sunbelt or other traditional retirement venues. Consequently, they’ll spend lots of time and energy redecorating and upgrading their homes – in ways that make life easier and more comfortable on a daily basis.
Baby Boomers Are a Motivated GenerationIn general, the Baby Boomer generation is highly motivated to fill their retirement years with interesting and exciting activities that will help keep them young and allow them to express their unique gifts and talents, socialize with family and friends, travel to exciting locales around the world, or even, start their own internet businesses.They are definitely not going to be relegated to the shuffleboard court or the bingo parlor!