77.3 Million Baby Boomers must reinvent themselves within the last third of their lives. Ages 45-65 are watching the generation time clock carry on ticking.
Boomers are dissecting their monetary fears, job frustrations, retirement options and lifestyle changes. There will soon be a new wave of retires wondering what their going to do after they grow up. Many boomers are seriously wondering what is in stored for them in their ? Golden Years?. Their nest eggs have severely dwindled along with their 401k retirement plan, being hit by the stock market, skyrocketing health care prices, plus their issues of the upper costs for consumer merchandise, and commodities, that still result the economy.
In the past five years, 40 percent of Boomer households have had someone lose a job and finding it tougher and tougher to seek out a brand new job that paid the salary that they were aware of making. And some realize their skills are out dated and rusty compared with a 20-30 year previous applying for the identical job.
Nearly one in six households have a home whose market value is below it?s mortgage balance and they can not sell their homes; nor do they need to. Nearly one in six boomers had a keep within the hospital. The money woes have also lead to mental anguish and stress. The thought of bankruptcy for boomers was never a priority, now it?s additional like a blessing.
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Eve Achilleos -
About the Author:
Eve Achilleos has been writing articles online for nearly 2 years now. Not only does this author specialize in Dating For Boomers ,you can also check out her latest website about: Install Hardwood Floors
Source: http://usseniorcitizen.com/2011/09/24/back-to-basics-for-boomers/
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