Senior Boomers: Redefining the Golden Years

According to AARP 8,000 Boomers turn 65 EVERYDAY! US NEWS & WORLD REPORT says that the number turning 65 will grow to 10,000 a day for next 20 years. In short, products and services for Seniors is a growth industry ! Baby boomers changed the world in their youth and as working adults. Their impact continues at a relentless pace and will likely change our notions about retirement as millions move into retirement age.

Between 2000 and 2010, the number of people age 65 to 84 in the U.S. grew by 3.3 million. While 13 percent of Americans are currently age 65 or older, that proportion will jump to 18 percent by 2030. The current 40 million senior citizens will balloon to 89 million by 2050.

Baby boomers entering retirement age will dramatically change today’s business and lifestyle landscape. Baby boomers may stay in the workforce longer than their parents did, both because they need the money and they’re not ready to leave behind fulfilling careers. And when they finally do retire, their need for health care and assisted living could permanently alter what retirement living arrangements look like for generations to come.