Title: Why Baby Boomers’ Retirement Is Something We Should Be Talking About
Baby boomers’ retirement is one of the country’s biggest issues affecting Americans, 76 million in fact and it has been 70 years in the making. Every day 10,000 baby boomers hit the typical retirement age of 65 and this expected to go out until 2030. Most will depend on Social Security as their primary source of retirement income. For many, the new retirement plan is a form of working until you pass away. More than one-third of Americans report having less than $1,000 stashed away for retirement.
78 % have less than $100,000 saved for retirement.
52 % have less than $10,000 saved for retirement.
59% relying heavily on Social Security
45% have no retirement savings
^^percentage data coming from the Insured Retirement Institute.
I want my story to explain more about this crisis and why it is important, and how it could affect millennials in any way.
- Kevin Poznek – manager of life insurance
- Ms. Sharon Little Page – resident in nursing home, Legends Katy
- Tony Sax – manager of life insurance
- Lee Rivas – administrator of nursing home
Questions to be asked to insurance salesman:
- How has this affected the way you sell insurance?
- How often do you come across people still trying to work over 65?
- What do you think the future holds for millennials?
- what percentage of seniors are in need of coverage for final expense insurance
Questions to ask Ms. Sharon Little Page:
- You are a baby boomer. How were your retirement plans affected?
- What was your retirement process like?
- When did you stop working?
Questions to ask Lee Rivas:
- When residents are taken into your nursing home, how many of those residents are solely using social security benefits?
- How many are coming in as baby boomers?
- How have you seen the your business change because of this crisis?
- Do you ever have residents that cannot afford to live there anymore? What is that like?
Articles that I have found to be helpful: