January 6, 2011

Boomer Gloom

80%

Fully 80% of Baby Boomers say they are dissatisfied with the way things are going in the country today.

As the first members of the Baby Boom generation reach the age of retirement, pessimism and gloom are pervasive on a number of fronts. While some of the negativity is related to aging — the demands and stress related to middle age are not pecular to any generation — Boomers have long trailed other age cohorts in life satisfaction. Currently, Baby Boomers are the most downbeat on the state of the nation. Fully 80% of adults ages 46 to 64 are dissatisfied with the way things are going in the country today — just 15% are satisfied with the direction of the nation. While still substantial, such concern is significantly lower among other age groups: 60% of those ages 18 to 29 (Millennials) and 69% of those ages 30 to 45 (Generation Xers) are dissatisfied with the country’s trajectory. Boomers also have little optimism about their personal state or their children’s future. Some 21% of Baby Boomers say their own standard of living is lower than their parents’ was at the age they are now, while more than a third (34%) believe their own children will not enjoy as good a standard of living as they themselves have now. Far fewer non-Boomer adults — both younger and older — expressed such gloom and doom. Read More