About 76 million people were born between 1946 and 1964. This generation of 57 – 75-year-olds is referred to as Baby Boomers.
About 3.2 million baby boomers retired in the third quarter of 2019. In 2020, millions more retired from the US labor force. The retirement rate has continued to increase over the past decade, but Covid-19 pushed even more Baby Boomers into early retirement.
Although many Baby Boomers have acquired considerable wealth over their lifetimes, that’s not true for all of them – especially those forced into early retirement. Many Boomers find themselves in the unfortunate position of not having sufficient savings for a comfortable retirement. The 2008 financial crisis was a significant contributor to the problem, but Covid has made things even more difficult for many Boomers.
The research shows that 76% of the generation will have a tough time achieving financial security after retirement than their parent’s generation.
Baby boomers have an average amount of $152,000 saved for retirement. Stock market turn downs cause severe financial instability for them. The all too common lack of planning makes the situation worse.
A vast generation is edging unprepared and unstable towards their retirement. As Baby Boomers come to understand their precarious financial situation, many are looking for ways to save and spend their money more carefully. Resources like those found at BoomerBuyerGuides.com provide a multitude of saving and spending tips designed to help Boomers save money and enjoy life.
Baby boomers Senior Health issues
As baby boomers age, they tend to face more and more health challenges. They are at risk of many chronic diseases such as heart disease, cancer, and Alzheimer’s disease. Heart disease can often be managed through a healthy lifestyle including a proper diet and exercise. But cancer and Alzheimer’s disease offer more challenges for this generation. Cancer is on the decline and treatment is improving, but Alzheimer’s and other memory diseases are on the rise.
Research shows that baby boomers get more diseases than others as they do not experience a good and healthy lifestyle. By avoiding the overuse of drugs or alcohol, they can easily lower the risk of being unhealthy.
One of the most significant issues that baby boomers face is obesity, which is a major risk factor for diabetes. Diabetes increases serious health issues, including high blood pressure, kidney cancer, and amputation. By changing lifestyle and developing a healthy eating pattern, these risks can be managed.
Heart disease is the most prominent cause of death for both sexes. After the age of 45, the risk of heart diseases, which includes stroke, coronary artery diseases, increases significantly. Sometimes age and family history also contribute as a factor for developing heart issues.
Baby boomers can control or slow down the chances of these diseases by avoiding tobacco and alcohol. They can control blood pressure by doing regular exercise routines and by maintaining healthy body weight.
Cancer is also a leading disease for all ages. Increasing age is considered a major possible factor. The present research shows that the rate of cancer-related death is declining instead of rising. The boomer generation can detect cancer by routine checkups. To maintain a healthy dietary choice and a healthy weight, they can overcome these health problems.
It affects about 25% of women and only 5% of men over the age of 65. Many people don’t get the symptoms until their bones get fractured. The weakness of bones at the boomer’s age is normal, and it leads to osteoporosis.
Overweight is also considered a leading factor in osteoporosis. Baby boomers should take calcium supplements to avoid these circumstances.
Age factor is the best-known contributor to Alzheimer’s disease. It is considered as one of the leading factors of death. Its symptoms appear after the age of 60 or more.
This issue is prevalent in baby boomers.
In this health problem, there is a close link between brain health and heart health. Many psychological and social factors trigger Alzheimer’s disease. Maintaining a healthy lifestyle includes a balanced diet and regular physical activity improves brain health and reduces the symptoms of Alzheimer’s.
Baby Boomers Lifestyle
Developing a more satisfying and happier lifestyle by giving more value to yourself is the key to live longer. By maintaining a healthy lifestyle, baby boomers feel 20% younger than their present age.
Diet for Baby Boomers
Maintaining caloric balance and promoting a healthy weight reduces the chances of obesity at this age. The rule for them is to “Eat less, Move more, and Take veggies.”
Their diet should be mostly plant-based, from which they get antioxidants. Baby boomers should avoid processed meat and beverages as they are high in sugars. Their generation should limit saturated and trans fats, sugar, and salts as well. The recommended food for them is Omega-3 and Omega-6 fatty acids, which boost their health. These fatty acids are also good for heart health.
Proper Amount of Sleep
Baby boomers should stick to a regular sleep routine of between 7-9 hours per night – enough sleep to keep themselves healthy and fit.
Many Baby Boomers are surprised to learn how damaging lack of sleep can be and how much better they feel when they get the proper amount of sleep. Not only do they feel more energized during the day, but they also experience fewer memory problems as well.
Baby Boomer Love to Travel
Tourism is popular among Baby Boomers. Because many of them are well-off financially and healthy too, travel is a natural way for them to spend time and money. They want to escape and experience the previous years of their youngness.
Baby boomers are considered as emerging marketers that openly embraced the leisure time and experience of the world. In 1999, over 593 million international travelers were at the age of sixty. They travel as their priority in their retirement time. They feel healthy in social activities and spend their leisure time without any sort of obligation.