November 23, 2008

Boomers See Trouble Ahead

55%

Although baby boomers as a group enjoy higher median household incomes than do younger or older adults, some 55% say it is likely that their incomes will not keep up with the cost of living over the next year, a higher proportion than among either younger Americans (44%) or older ones (43%).

Baby boomers as a group enjoy higher median household incomes than do younger or older adults, yet some 55% say it is likely that their incomes will not keep up with the cost of living over the next year, a higher proportion than among either younger Americans (44%) or older ones (43%). Boomers also are more likely than younger or older adults to own stocks or bonds, and to have retirement accounts. Even so, members of the large generation born from 1946 to 1964 are more downbeat than other Americans not only about their personal financial prospects but about their lives in general, according to a Pew Research Center Social and Demographic Trends survey. Read More