Dispelling Some Boomer Myths

By Amy Sherman

According to a report from AARP, there are many assumptions about baby boomers that need revamping. Here is a synopsis of the many misconstrued ideas about our generation.

1. Boomers will be retiring early.

In reality, very few boomers will be retiring at 62 and 72% at retirement age plan to keep on working at least part time.

2. Boomers are downsizing their homes.

About 76% plan to continue living in their current home or even get a larger home.

3. Most boomers are empty nesters.

Because our generation spans 20 years, only one in four have children who are living on their own. 37% of boomers still have children under 18 living at home with them.

4. All boomers are wealthy.

In general, boomers are one of the wealthiest generations, but only 9% are truly affluent. In fact, one quarter of boomers have no savings or secure "nest egg" at all.

5. Boomers are slowing down with age.

The average boomer is very active, enjoying vacations, sporting events, exercising, gardening, life-long learning classes,etc.

6. Boomers are the "Me Generation".

While boomers have been described as self-centered, the truth is that we are conscientious consumers. 70% want to make the world a better place, by purchasing from companies that are eco-friendly and giving back to their communities.

We are misunderstood because of these stereotypes and false assumptions, but in reality, we have a lot going for us. We have been a great influence in politics, religion, and lifestyles. Because there are 78 million baby boomers, the media is paying attention to our wants and needs. Advertisers use our nostalgic music in commercials and print ads use more mature models in their magazines. We may be growing older, but we are growing better and we will be remembered as a generation with purpose and drive.

Author's bio: Amy Sherman, LMHC is the author of The Joy of Optimism eCourse. Get a sneak peak of Lesson One by clicking on http://www.distressfreeaging.com/joyofoptimism.html

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