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Monday, April 2, 2007

The Boomer Century

“The Boomer Century: 1946-2046” is a two-hour documentary that looks to the baby boomers’ past for clues to how this generation of 78 million Americans will shape the future. The program focuses on the boomers’ formative years to reveal the personality traits of a generation that has since rewritten the rules for work, marriage and parenthood, and is now redefining retirement and aging.

The Boomer Century is currently airing on PBS stations across the country. I have watched it twice, since it is all about me. Well, me and millions of other baby boomers. I was born on January 1, 1947 so I started the whole damned thing. If you are a boomer, you owe it to yourself to spend two hours to see how we got to where we are today.

Ten Interesting Facts about Boomers:
1. The number of baby boomers in America is estimated at 78.2 million.
2. Approximately 7,918 Americans turn 60 each day. That’s about 330 every hour or more than four million a year in 2006.
3. Within 20 years, the age profile of America will match that of Florida – about one in five Americans will be older than 65.
4. Boomers who reach age 65 in 2011 can expect to live, on average, at least another 18 years.
5. Four out of 10 boomers have less than $10,000 in retirement savings.
6. One-third of boomer households today have at least $100,00 in investable assets.
7. About one-third of baby boomers think they will have enough money to live comfortably once they retire.
8. Four out of five boomers intend to keep working and earning in retirement. Half of boomers plan to launch into an entirely new job or career in retirement.
9. Only one in seven baby boomers say they plan to collect Social Security benefits at age 62.
10. The unpredictable cost of illness and healthcare is by far boomers' biggest fear. They are three times more worried about a major illness (48%), their ability to pay for healthcare (53%) or winding up in a nursing home (48%), than about dying (17%).

Most of my clients have been or are boomers. They still consider themselves young, but are usually looking for a second home or investment property that they can eventually retire to a few years down the line. If you are considering such an investment, whether you are a boomer or not, you can CLICK HERE to search all current mls listing in the lower Florida Keys. Then consider calling me at 1-305-766-2642 for further information.


The information on this site is for discussion purposes only. Under no circumstances does this information constitute a recommendation to buy or sell securities, assets, real estate, or otherwise. Information has not been verified, is not guaranteed, and is subject to change.


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Gary Thomas in a Nutshell

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Key West, Florida, United States
I first read about Key West in a magazine called "After Dark" sometime in the mid 1970's. But it wasn't until March 1984 that I made my first visit to the island that would become my home. I had two weeks for a vacation and reserved a room at Colours Guesthouse (now Marrero's Guest House) for one week. I thought that if I didn't like Key West, I could always go back to Miami or Ft. Lauderdale for the rest of my trip. But after a couple of days in Key West, that was no longer a consideration. But when I wanted to extend my stay for the extra week I found there was no room at the inn. The guesthouse owner did find me a room at LaTeDa, the infamous guesthouse/restaurant. That's a story I'll write another day. But those two weeks in Key West gave me the realization that I had found Paradise. Key West has been my home since 1993 and my only regret is that it took me so long to get here. I am a full time Realtor at Preferred Properties CRI. Let me help you find your new home or business in Paradise. Living in Paradise is not a slogan, it's a way of life.