From the category archives:
Retirement means different things to different people. Some soon-to-be retirees look forward to traveling, spending more time with their families or even enrolling in continuing education classes. Others long to explore new interests, rediscover the joys of a forgotten hobby or start a second career. Many retirees simply look forward to having a string of lazy days to themselves.
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While some Baby Boomers are heading into retirement, others are reinventing themselves as new business owners. There are many reasons behind this trend including the desire to make use of accumulated experience and the ease of starting an online business. Many Boomers are also excited to realize a lifelong dream of owning their own business and being their own boss.
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Whether it’s for a temporary or extended period of time, recent studies show a rising trend among Baby Boomers who are raising their grandkids. This occurs across all socioeconomic groups for a variety of reasons. Each family is unique, but these cases often involve painful situations including divorce, unemployment, incarceration, abandonment, substance abuse, neglect or death. In coping with the problems that face their families, many Baby Boomers find themselves thrust back into a parenting role, but this time for the care of their grandchildren.
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Baby Boomers receive a lot of attention from sociologists, marketing executives, and the media. There are many traits and behaviors that are commonly associated with Baby Boomers. However, as trends emerge through generational research, the Baby Boomer image presented is often very different from the commonly perceived stereotype.
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According to Del Webb’s 2010 Baby Boomer Survey, youth is on the mind of those aged 55 and older. To most respondents, age is only a state of mind and not something that should slow down their active, busy lifestyles. With this positive, youthful attitude, it’s no wonder that active adult communities that appeal to younger residents have fared well through the recent real estate storm.
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Whether you are approaching retirement or have already retired, you may be considering starting a second career. Many Americans in their 40s, 50s, or even their 60s, reach a point in their lives where they feel like it is time to take on a new challenge. However, the idea of starting at the beginning all over again can be intimidating. Consider the following steps when exploring a second career.
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As Baby Boomers join the ranks of retirees, many charitable organizations have recognized this generation’s volunteerism potential. With approximately 77 million babies born during the Boom era (1946-1964), this group is often touted as the single largest, most well-educated generation to date. Studies have also shown that Baby Boomers also have a penchant for volunteerism, which is greatly in need during this tough economic period.
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InsideFacebook.com recently released the latest and greatest statistical data regarding demographics of users based on age and sex. What’s really exciting is the continued baby boomer Facebook boom! Year over year, from February 2009 to February 2010, Facebook users age 55 to 65 more than doubled from 3% to 7%.
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In February and March of 2009, baby boomers were the fastest growing demographic among Facebook users. A few short months later the activity for Facebook users in this age group dramatically declined. Speculation has been rampant over both the 55 and older Facebook boom and its subsequent rapid decline.
When baby boomers began flocking to the popular social networking site reporters asked, “Will this kill Facebook?” Many speculated that the younger generations would be unhappy to share a social networking site with their parents and grandparents. It was suggested that teens and young adults would leave in droves.
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Baby Boomers make up 28% of the population in the United States. Over 76 million Americans were born between 1946 and 1964, and statisticians believe that this generation will live seven years longer than previous ones. Because of the size of this generation of Americans, their spending power has always swayed the national economy. As Boomers begin to retire, cities and active adult communities that house them will experience growth.
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