Boomers are Jumping Towards Retirement

Here are some fascinating stats about boomers and retirement. I was bowled over when I read that 17.9% of us are already retired! I am towards the end of the curve - just shows how broad a swag of the population we are.

Well enjoy.

Retirees, Followed By Boomers, Will Redefine Retirement

According to a report from The Media Audit, adults who are nearing retirement are now one of the fastest growing demographics in the country. 17.9% of all U.S. adults are now retired, a figure that has increased by 6% in the last five years and will rapidly increase as Boomers exit the workforce over the next few decades.

Consumption habits of aging Americans are likely very different from those of their predecessors because they are living longer, achieving higher levels of education, are wealthier, and redefining what it means to be retired.

* 83% of the retired adults in the U.S now own their own home
* Thirty percent of retired adults have cash, stocks and CD’s valued at more than $100,000, the highest figure ever reported
* 13.1% of new automobile purchasers are retired, compared to 11.1% five years ago. 8.3% of adults who have a car loan are retired, compared to 6.4% five years ago, an increase of nearly 30%
* 16% of adults who frequently stay in hotels are retired, compared to 14.7% five years ago, a jump of almost 10%
* Among frequent beer consumers, 13% are retired, compared to 11.3% five years ago
* Adults who are retired are 6% more likely than the average U.S. adult to frequently dine out at a full service restaurant and retirees now make up nearly 20% of all adults who frequently dine out.
* 14.3% adults who plan to take an ocean cruise in the next year are retired.