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Boomers Expect a Different Retirement than Their Parents

By |September 27, 2013|Categories: Advice, Breaking News, Insurance Industry, Retirement Planning|Tags: , , , |

A recent study surveyed aging Boomers and found substantial differences in what they expected in retirement compared to previous generations.

Changes in Expectations long term care insurance

The study, conducted by the Bankers Life and Casualty Company Center for a Secure Retirement, surveyed nearly 1,300 Americans between the ages of 49 and 67 who held a total annual household income of $25,000 to $75,000 a year. The questions were meant to understand how Baby Boomers view their future retirement and what they expect in their retirement years that their parents and grandparents did not.