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2011年1月29日 星期六

Why so Bummed for baby boomers

Economy finally bouncing back and many Americans are starting to feel a little more optimistic. But the nation's largest segments of the population remained in recession Funk.

The first post-war baby boomers — Americans born between 1946 and 1965 — are starting to hit retirement age in 2011. And they don't you correctly roll forward to the golden years. The nation as a whole, of course, lost his cockiness during the recession, which lasted from 2007 to 2009. But once a cheerful baby boomers seem to take the longest to knock off blues. According to the Pew Research Center survey, 80 percent of baby boomers say they are unhappy with the way things are going in the country, more than any other age group, younger or older. Part of this may be natural, as people in their 50s tend to address the high rates of stress and show the lowest level of satisfaction. But Boomer bummer may also reflect the changing fortunes of America, and the widespread concern about the future of the country.

[See what happens when baby boomers turn 65 in 2011.]

Big decline clearly hit the baby boomers at vulnerable when they were close to retirement or at least be prepared for it. However, it is also shake faith in their ability to get along and the possibility of America provides for its people. Baby boomers have more than one quarter of the population, and they are sure to loud in future decisions on taxation, public expenditure, the huge national debt and many other issues that will determine if America's thriving or declining. So their views will ultimately affect policy, most Americans will feel. That's why boomers are so diarrhoeal, according to Pew, and from other sources:

They got hammered recession. More than any other age group, baby boomers to feel their long-term prospects were damaged as a result of the economic downturn. More baby boomers, for example, let's say they lost money on investment and transfer damage their household finances than any other group. The Federal Reserve system works hard to fix some of which, through policies aimed at Goose on the stock market and help investors to recover some of the wealth they lost since 2006. But a net worth of the household is still down nearly $ 9 trillion from the peaks of 2007 thanks to huge losses in home equity and stock markets is still down nearly 20% higher in 2007.

[See who will thrive in 2011]

Unemployment among baby boomers less than other groups, but this can be particularly onerous on unlucky boomers who lost their jobs — especially those without a college education. Unemployment, average lasts around 45 weeks for those 55 and older, which is 12 weeks longer than for young job-seekers. And unemployed boom in industries such as manufacturing or construction can never find again in fields, where they spent their careers. Young workers in such a predicament have an easier time getting new course, move if necessary to convince employers about their recruitment. Makes when you 55 or 60 is complex.

You ill-prepared for retirement.Many baby boomers, thought that the rising value of the House would enshrine their pension plans, one of the reasons for the decline in savings over the last decade. Housing Bust — which, at the initiative of the value of the House down by more than 30 per cent of the entire country, got the idea. And much less guaranteed pension plan boom than in previous generations could leave millions of Americans on the threshold of retirement into a huge hole.

Estimated retirement research at Boston College Center, 51% of people aged 55 to 64 years would have lowered the standard of living after they retire, mainly because they lack the financial resources to maintain their current habits. Many boomers will work well past retirement age if they can find work. About 60 percent of Americans from 50 to 61 say they plan to retire later than planned, according to the Pew. And 35 percent of these 62 and older said they have already delayed retirement.

[See who will fight in 2011]

They sense national recession. America was still on the rise when boom came of age in the 1960s and 70s. it doesn't feel that way anymore. Washington politicians mount loud arguments, but don't seem to be able to solve big problems. Huge national debt looms like a black cloud over the economic future of the nation. China and India, at the same time, growing much faster and taking millions of jobs that used to reside in the United States. Headlines about American recession may be exaggerated because the United States continues to produce most of the world innovation (think Facebook, Twitter, Groupon and iPad) and still has some of the highest standards of living in the world. But Boomers believe that progress has been slow, and they may be right about that.

With real income stagnation in the last decade of the 21 percent of boomers say their standard of living is lower than their parents were the same age. This percentage is much higher than among Americans younger or older. Boomers are more pessimistic about the future as well, with only 35 percent of those 50 and older sense their children will enjoy a higher standard of living than they are. And only 59 per cent of persons aged 50-64 feel that America is the land of opportunity. "among 18-to 29 years of age, who have suffered much higher unemployment rate during the recession than baby boomers — 70% continue to regard America as a land of opportunity.

[See 10 key retirement planning]

They want to donate. Boomers are well aware of the problems facing America, particularly in Washington. But they're nervous about doing anything different, perhaps because they've got so much invested in the system such as this. One way to increase more than revenue and paying off the national debt is a federal sales tax, for example, 54 percent of boomers to oppose this idea — more than among young and older. Boom also oppose two other ideas to help balance out the governmental books — eliminating tax deductions for mortgage interest and taxation provided by the company health benefits as income from field is much higher than other groups.

Boomer opposition to higher taxes not surprising since the boom will probably face hit more than others with less disposable income. But some of the biggest looming problems Nations — system lacks funds for social security and Medicare program, which is on its way to run out of money — also affect the baby boomers directly if you are not registered. That is to give. Baby boomers And know it.

Twitter: @ rickjnewman


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