Leading boomers (aged 63-64) want to continue working, but three times as many are unemployed today as were two years ago. They face high unemployment, unwanted early retirement, and early draws on Social Security, meaning less retirement income.
This critical finding is from Deft Research's just-released Age-in Study 2010. Using a combination of population demographics and Deft's primary research, this study shows how age 65 has now become irrelevant to boomers' retirement plans. Instead, this population wants to maintain their lifestyles as long as possible, with an increasing need for earned income to make this possible.
This report shows changing trends in working that are boomers' response to the need to stretch financial resources over a longer period of time, as health status improves and life expectancy increases. The health system's performance in providing wellness and chronic care management that allows older persons to work is important to this age group's ability to live a desired lifestyle.
The Age-in Study 2010 uses this backdrop to develop implications for the demand for various Medicare related insurance products.
Source: Deft Research, LLC
