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Fall 2011


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Fall 2011
Generation Boomer On-Line



Connie and Chris McMullen

Welcome to Generation Boomer

 

In this edition of Generation Boomer we explore the various options to improve retirement holdings especially for those boomers who have continued to work, and may have a multigenerational household consisting of grandchildren, adult children, and an aging parent.

In a growing trend today, a larger number of boomers are becoming grandparents in the US, assuming more responsibility to care for a young child. Statistics show there are 65 million grandparents in the US. More than one in every four adults is a grandparent, and for the most part, they are working age boomers between 45 and 64-years-old.

U.S. Grandparents by AgeBoomer parents are more likely to be sharing their resources with their children and grandchildren. While the real income of those ages 55 and over has risen, that of their children has declined forcing many to return home to live with Mom and Dad - a trend called boomerang kids. According to the Pew Research Center, 13 percent of parents with grown children say one of their adult sons or daughters has moved back home in the past year.

"The number of multigenerational households has increased, due in part to the recession," said Sandra Timmermann, Ed.D., director of the MetLife Mature Market Institute. "This trend, coupled with the increased financial instability of today's younger families, has huge business implications," especially regarding purchasing habits for boomer families who may be buying products to help raise grandchildren while at the same time provide for an aging parent.

The columns "Review and Improve Retirement Holdings", "Having the Money Talk with Aging Parents", and "Ready for Retirement? Ten Tips to Reach Retirement Goals", can get boomers started in handling finances for a secure future... even if they are still caring for others. In difficult economic times, retirement tips can be useful tools to get boomers thinking about retirement savings and work related financial planning.



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Generation Boomer, a magazine for Nevadans 45 years of age and older, can be found in more than 300 locations thoughout Reno, Sparks, and Carson City.

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Generation Boomer PDF Version


Since Spring 2010, issues of the Generation Boomer are available in PDF format for you to download. The Magazine is divided in two or three separate files for your convenience.


Generaton Boomer features lifestyles, recreation and healthyliving for people 45 plus who make up the Baby Boomer Generation.


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