MetLife Report: Boomers Will Transform Retirement

MetLife’s “The MetLife Report on Early Boomers: How America’s Leading Edge Baby Boomers Will Transform Aging, Work & Retirement” suggests that the oldest Boomers will forego the traditional leisure-filled retirement in order to continue working — possibly indefinitely. Many Boomers are struggling under debt from putting children through college, others have suffered financial setbacks through the economic crisis, some have purchased second homes, and due to a longer life expectancy, many fear they’ll outlive their nest eggs.  washing car

Many older Boomers face a favorable employment outlook because they have many years of experience, and they’re attractive to employers who realize that they won’t have to provide health insurance coverage to Medicare-eligible workers, according to Sandra Timmerman, Ed.D., director of the MetLife Mature Market Institute.

This transition to a new model of retirement will mean significant changes in the long-term care industry. Unless they become sick enough to require round-the-clock care, many boomers will opt for long-term living options that allow them to remain independent and continue working. Aging in place may become more popular as seniors opt for services that can provide care in the home.

Nursing homes are already becoming a place for the seriously ill and disabled, because assisted living communities tend to offer more flexibility to residents. Even assisted living facilities may need to change their marketing objectives to more broadly appeal to independent seniors. A focus on the ability for residents to set their own schedule, leave as they please, and participate in a variety of activities both inside and outside of the facility will be key to any long-term care facility’s success.

The up-and-coming senior population commands choices, and a life of continued work will ensure that seniors remain active, which will improve long-term health. Facilities that can accomodate the varied and changing needs of seniors will remain the most successful as we experience a long-term living revolution.

Read the Business Wire press release.

Image Copyright MaxMilliOn on Stock.xchng

Senior Advisor

We've Found 268 Facilities Near 98155.

Request a free consultation:

  • Get personalized guidance from a dedicated local advisor
  • Save time with an easy-to-understand breakdown of services and fees.
  • Our service is 100% free to use - no hidden costs.

By submitting this form, you agree to SeniorHomes.com's Privacy Policy, Terms of Use, and Agreement to be Contacted by Telephone.

Thank You!

A Family Advisor will contact you to help you do your search for you!

Our service is completely free to you.

Speak to an Advisor Now

Tap to Call Us 1-800-748-4024