At 76 million strong, there’s no denying that the baby boomer generation is going to change the face of retirement. They are turning 65 at a rate of 10,000 each day, and while many Americans have rightly turned their attention to what impact so many people leaving the workforce at once will have on the economy, others are more interested in how the newly minted retirees are planning on spending their golden years.
A large number of studies have shown that boomers are helping change the perception of retirement, and it’s something that financial professionals should keep in mind. Rather than being content with a relaxing lifestyle, many boomers are taking the opportunity to stay active and begin a new chapter in their lives. This has manifested itself in many different ways, here’s a look at how: