Top Ten Boomer Myths Exposed (Part 2)
As promised yesterday, we continue the countdown of common myths about the Baby Boomer generation that were exposed in the AARP's Third Quarterly Boomer Report released on April 15th at www.aarp.org . The report, “ How Well Do You Know Boomers? Counting Down the Top 10 Boomer Myths ,” identified and investigated the top myths associated with Boomers in order to separate fact from fiction. My comments are in italics: Myth #5 - Boomers are all wealthy Collectively Boomers are the wealthiest generation in history, but only 9% are truly affluent (defined as having pre-tax incomes of $150,000 or more if working, or $100,000 or more if retired). In fact, one quarter of Boomers have no savings or investments at all. (It is for the other 91% that I created the Platinum Years Network... "Life planning for the rest of us.") Myth #4 - Boomers are winding down with age Actually, they are quite active, as the typical Boomer regularly participates in an average of 10 activities and...