Credit Card Center Advertiser Disclosure

Valued Contributor
Posts: 2,100
Registered: ‎01-05-2010
0 Kudos

Baby Boomers soon to reach 65

Unemployed, and Likely to Stay That Way

"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

"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

"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

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

Generation Y: They've arrived at work with a new attitude

The reading material on this topic is endless. Smiley Tongue

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.