Jan 24 '05....baby boomers
Baby Boomers Set to Redefine Retirement New national poll shows Boomers have ambitious expectations for active
retirement lifestyle
WINNIPEG, Jan. 6 /CNW/ - It has been almost 40 years since The Beatles
first mused about the golden years in their song "When I'm 64". Today, that
reality is much closer at hand for baby boomers, who begin turning 59 this
year. According to a new national poll released today by Investors Group, baby
boomers are set to redefine retirement with far more active and ambitious
plans for their golden years than current retirees.
"As we have seen throughout their history, baby boomers are redefining
each phase of life they reach," says Debbie Ammeter, Vice President of
Advanced Financial Planning for Investors Group. "They are set to redefine
retirement just like they redefined their teenage years with hula hoops and
rock and roll."
The national poll conducted for Investors Group by Decima Research found
a sharp contrast between the retirement plans of baby boomers and the
lifestyle of current retirees. For example, 56 per cent of working baby
boomers today (poll respondents between the age of 45-54) say they plan to get
away for some or a lot of the harshest months of winter in retirement, while
only 27 per cent of current retirees actually do that now.
The contrast is evident through a range of questions about retirement:
- 59 per cent of baby boomers plan to devote a lot of their time to
hobbies in their retirement, while only 45 per cent of retired
Canadians actually do so today;
- 28 per cent of baby boomers plan to purchase a vacation property,
motor home or boat in their retirement, while only 15 per cent of
retired Canadians said that they plan to make or have made such a
purchase in their retirement; and,
- 82 per cent of baby boomers plan to do some or a lot of physical
recreational activities, while only 64 per cent of retired Canadians
report doing the same.
"The baby boomers' shadow of influence is as long as ever," says Ammeter.
retirement lifestyle
WINNIPEG, Jan. 6 /CNW/ - It has been almost 40 years since The Beatles
first mused about the golden years in their song "When I'm 64". Today, that
reality is much closer at hand for baby boomers, who begin turning 59 this
year. According to a new national poll released today by Investors Group, baby
boomers are set to redefine retirement with far more active and ambitious
plans for their golden years than current retirees.
"As we have seen throughout their history, baby boomers are redefining
each phase of life they reach," says Debbie Ammeter, Vice President of
Advanced Financial Planning for Investors Group. "They are set to redefine
retirement just like they redefined their teenage years with hula hoops and
rock and roll."
The national poll conducted for Investors Group by Decima Research found
a sharp contrast between the retirement plans of baby boomers and the
lifestyle of current retirees. For example, 56 per cent of working baby
boomers today (poll respondents between the age of 45-54) say they plan to get
away for some or a lot of the harshest months of winter in retirement, while
only 27 per cent of current retirees actually do that now.
The contrast is evident through a range of questions about retirement:
- 59 per cent of baby boomers plan to devote a lot of their time to
hobbies in their retirement, while only 45 per cent of retired
Canadians actually do so today;
- 28 per cent of baby boomers plan to purchase a vacation property,
motor home or boat in their retirement, while only 15 per cent of
retired Canadians said that they plan to make or have made such a
purchase in their retirement; and,
- 82 per cent of baby boomers plan to do some or a lot of physical
recreational activities, while only 64 per cent of retired Canadians
report doing the same.
"The baby boomers' shadow of influence is as long as ever," says Ammeter.
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