With the futures of Medicare and Social Security main topics in this year’s election, baby boomers are surprisingly more concerned about another issue.
Competition with younger workers, retirement savings loss, declining home value all cited.
An opinion survey of Americans 55 and older reported new expectations on the emotional mindset, attitudes and expectations of pre-retirees and retirees nationwide post-recession.
Half of baby boomers who have postponed retirement due to the economic downturn expect to work at least four years longer than they originally planned, according to CPA financial planners surveyed by the American Institute of Certified Public Accountants.
Many baby boomers in the 57 to 65 age range still consider themselves middle-aged or young and insist one is not old until they have reached the age of 80.
Baby boomers make up 39.6% of the adult individuals in the U.S. credit union space. Baby boomers were born in 1946-1964.