mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I happen to be a pre-boomer (must be a name? 1944) but I am forever linked with Boomers. Who collects these kinds of stats? 50% down (ER folks) & 50% still toiling. Last sentence of the quote sets up another LTCi battle...LTCi is a waste of $!
Half Of Oldest Boomers RetiredOf those who are fully retired, 38 percent said they were ready to retire (they wanted to be through with work), 17 percent said they retired for health reasons and 10 percent said they lost their jobs. The rest retired for other reasons -- simply because they could afford to or because they wanted to join a retired spouse.
The first wave of boomers are eligible for full retirement benefits from Social Security at age 66 and 86 percent of those born in 1946 are collecting, although 43 percent say they began collecting earlier than planned.
As with all older age groups, long-term care has become a concern and 31 percent of the respondents were concerned about providing long-term care for themselves or their spouse. At the same time, less than 25 percent have long-term care insurance.