All-in-all baby boomers look pretty good—they have held up well (despite my memories of hippie days being full of wild abandon,) and some new statistics came in for this article, some tell tales of good, some not so good. Let’s take a look.
Willingness to Leave
On the home front, there was a lot of divorces. According to the U.S. Census Department, 34.9% of divorces in America in the year 2021, were age 55 or older. One surmises the reason is that their children, who now are in their 20s and 30s are financially independent, which allows parents more leeway to separate. This, the generation of make love, not war, apparently takes another tact with relationships and continues to divorce more than any other age group. This also means their children may live far away, that they still have assumed debt, and may be entering their later years with a chronic condition health-wise.
The Government Teat
This is a huge generation from 1946 to 1964; and having mostly become seniors—65 and older—will nearly double this category from 51 million in 2017 to 95 million by 2060. The Population Reference Bureau (a very interesting site by the way,) says Social Security, Medicare, and Medicaid have helped to reduce poverty and improve the health of the older population, but current projections indicate that these programs—as currently implemented—are not sustainable.
Bye Bye Miss American Pie
Women have new disadvantage numbers. Aging trends have uncovered some scary data for women. Now, over …“the 30-year period that adults ages 65 and older can expect to live without physical or activity limitations (called active life expectancy)” … it has increased more than twice as much for men than for women. Researchers say that women can no longer live more of the “active years” than older men, despite living longer. That women are more likely than men to develop debilitating conditions such as arthritis, fractures from falls, and dementia—putting them in situations that limit their independence without assistance. And the double whammy, they earned less than men and may have retired sooner.
Putting It Together
Okay, children have moved away. Many of those divorced remarried and created families with step and more stepchildren. More than ever, they are divorced. This means there is no one to take care of you Boomer. And women, you need to face the reality of what your future holds with these demographic shifts in life expectancy. I’m just saying.’