50+ Finances

  • I've often said that financial businesses should pay more attention to the 50+ market. We're making more financial decisions than at any other time since we were just starting out. Not only for ourselves, but often for our aging parents, too. This week I saw an article on BetterAfter50.com that cited some stats from an AARP report.

     

    "And it’s not just population size that should have Silicon Valley sitting up and paying attention: it’s economic muscle. AARP reported on a recent Nielsen study that suggested that this year, Baby Boomers will control 70 percent of the country’s disposable income. That same story explained that during the peak years of the recession, “retirees were one of the few demographic groups to experience stable or rising incomes,” and that the majority of Boomers are mortgage-free and account for fully 80 percent of America’s luxury travel spending. Likewise, a recent Huffington Post story cited that older Americans own 63 percent of all American financial assets, while U.S. News and World Report confirmed that American seniors are making and spending more money now than they were a decade ago."

     

    That's no surprise to you and me. That's one reason why we created the Pre-Retirement Checklist. It's a handy way to make sure that your retirement plans are complete and that you haven't forgotten anything. If you haven't already you'd be wise to give it a look!

     

    Keep on Stretching those Dollars!
    Gary

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