GIT LOVE HOME

We Baby Boomers must look forward to the future in anticipation of a good life like we did when we were younger. There are many good things to come for all of us. We have seen great things in our lives and there is no reason to think that we will not see more.

Life certainly has its problems but that has happened to every generation in history. My guess is that every group throughout time has assumed that its problems were the worst ever. Wouldn’t you agree? So, the challenge is to accept the fact that problems will never go away entirely and then get on with our lives. We must not live in fear. What good does that do?

This life is still an adventure to be lived fully and thoroughly. There are no practice runs in our adventure so we must milk this entire episode for all we can.

As Bobby McFerrin said “Don’t Worry, Be Happy!” Many parts of life in America get better and better as time marches on. We are an industrious nation and we create a better mouse trap every day here in the United States. You and I are going to continue to enjoy these improvements all the way up until the day we say “check please.”

Baby Boomers have participated in many new things over the last 50 years (some not so good). So, we are not afraid to try the latest and the greatest. Actually, we are the largest purchasing segment of society so entrepreneurs will be hitting us constantly with new ideas. Sounds like fun to me.

But you know what? The best part of the future is still those things we love today. Time with our children, our grandchildren, our friends and family members. We can spend much time on our hobbies, on traveling, on doing many of the things we could not do when were younger.

Enjoy this life. God wants us to get the most out of it that we can.

77.3 Million Baby Boomers must reinvent themselves in the last third of their lives. Ages 45-65 are watching the generation time clock keep on ticking.

Boomers are dissecting their financial fears, job frustrations, retirement options and lifestyle changes. There will soon be a new wave of retires wondering what their going to do when they grow up. Many boomers are seriously wondering what’s in stored for them in their ” Golden Years”. Their nest eggs have severely dwindled along with their 401k retirement plan, being hit by the stock market, skyrocketing health care costs, as well as their concerns of the higher prices for consumer goods, and commodities, that continue to effect the economy.

In the past 5 years, 40 percent of Boomer households have had someone lose a job and finding it harder and harder to find a new job that paid the salary that they were accustomed to making. And some find their skills are out dated and rusty compared with a 20-30 year old applying for the same job.

Nearly one in six households have a home whose market value is below it’s mortgage balance and they can’t sell their homes; nor do they want to. Nearly one in six boomers had a stay in the hospital. The financial woes have also lead to mental anguish and stress. The thought of bankruptcy for boomers was never a concern, now it’s more like a blessing.

Baby boomers were once considered to be born in the “Wealthiest Generation” They made more money than any other generation so far in U.S. history. They were the first generation where the two income household was unfortunately a necessary. Boomers had a higher level of education which aloud them to capitalize on economic changes and technology. They were goal oriented, dedicated and career focused.

Boomers lived through the greatest and longest period of economic prosperity, however now so many affluent baby boomers are now financially unprepared and feel trapped in a sea of economic uncertainty. They are now doing less with less money mostly out of fear of the worsening economy. They’re postponing retirement, contributing less to the church and charities, they’re passing on their yearly vacation, and basically downsizing their lifestyle.