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Redefining RetirementHow Will Boomers Fare?$
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Brigitte Madrian, Olivia S. Mitchell, and Beth J. Soldo

Print publication date: 2007

Print ISBN-13: 9780199230778

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780199230778.001.0001

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Will Boomers Redefine Retirement?

Will Boomers Redefine Retirement?

Chapter:
(p.3) Chapter 1 Will Boomers Redefine Retirement?
Source:
Redefining Retirement
Author(s):

Brigitte Madrian (Contributor Webpage)

Olivia S. Mitchell (Contributor Webpage)

Beth J. Soldo (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199230778.003.0001

The number of retirees in the United States will double over the next thirty years, and as the large number of individuals born 1946-1966 known as “Baby Boomers” moves into retirement, it is sure to have unprecedented effects on healthcare systems and private pensions, housing markets, national social safety nets, and the entire economy. Many researchers conclude that Boomers will fare better than their parents with regard to work limitations and disability patterns. Findings show that the situation is more complex than what is often afforded by simple warnings of the “impending retirement crisis” facing Baby Boomers. While most Boomers are relatively well off, there is much dispersion in the data; some groups, particularly the non-married, the least educated, and many Blacks and Hispanics, have very little in the way of retirement assets. In addition, many people are still not planning adequately for retirement.

Keywords:   retiree, assets, healthcare, pensions, housing, non-married, Black, Hispanic, minorities, women

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