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my-own-fico
Posts: 1,032
Registered: ‎01-05-2010

Baby Boomers soon to reach 65

Unemployed, and Likely to Stay That Way
http://www.nytimes.com/2010/12/03/business/economy/03unemployed.html?pagewanted=all

"Tim Smyth, 51, a New York television producer, has been unable to find work since 2008, despite having two decades of experience."

Boomer divide: Generation gap spans 19 years
http://www.usatoday.com/news/nation/2010-12-03-1Atwoboomers03_CV_N.htm

"The Baby Boom stretched over 19 calendar years, from 1946 through 1964." The age span of this generation is now 64 to 46 years.

Study: People will work 2 years longer because of recession
http://www.usatoday.com/money/perfi/retirement/2010-12-03-work-longer_N.htm

"A study of 10,000 U.S. workers' investment accounts shows the recession will keep them on the job at least two years longer, until an average age of 73, if they want to retire comfortably.
...
-Four-fifths could not afford to retire by the age of 65.
-Employees who contribute to their 401(k)s and earn $60,000 to $70,000 a year recorded the lowest projected retirement age, 69.9 years.
-Those who earn less than $25,000 a year have the highest projected retirement age, 77.9 years."

Baby Boomers Could Face a Grim Retirement
http://www.shrm.org/hrdisciplines/benefits/Articles/Pages/GrimRetirement.aspx

Then too there are Gen X, 1964-1976 (46-34, the Baby Bust group), and Gen Y, 1976-1992 (34-18, the Echo Boomers). "60 percent of Gen Y'ers have not seen their credit score in the past year, and 44 percent have never seen their credit score."

Baby Boomers - The Future Of The Stock Market
http://www.articlesbase.com/finance-articles/baby-boomers-the-future-of-the-stock-market-329599.html

Generation Y: They've arrived at work with a new attitude
http://www.usatoday.com/money/workplace/2005-11-06-gen-y_x.htm

The reading material on this topic is endless. :smileytongue:

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