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The roughly 71.6 million men and women of the postwar baby-boom generation started hitting retirement age about a decade ago. But it’ll be another dozen years before the whole generation has ...
Tens of millions of Americans are expected to turn 65 by 2030. The youngest among the baby boomer generation are set to retire over the next few years.
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Furthermore, large numbers would like semi-retirement arrangements or flexible work schedules. [104] There is an ongoing shift away from pension plans in favor of 401(k) or similar options, which do not mandate retirement at a certain age. [13] The COVID-19 pandemic may have sped up the retirement of some Baby Boomers, however. [105]
A Transamerica Center for Retirement Studies survey of 4,550 workers found that 45 percent of gen X workers are putting off thinking about retirement until they get closer to their retirement date.
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The term baby boom refers to a noticeable increase in the birth rate. The post-World War II population increase was described as a "boom" by various newspaper reporters, including Sylvia F. Porter in a column in the May 4, 1951, edition of the New York Post, based on the increase of 2,357,000 in the population of the U.S. from 1940 to 1950.
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