Baby boomers—whether among the first, born in 1946, or the last, born in 1964—have either thought about or begun their retirement journey. And, what they and their boomer friends expect in their retirement years may be quite a contrast from what their parents had in mind, “for the times they are a-changin’.” (Thanks, Bob Dylan.)
With the oldest boomers turning 70 this year, last month U.S. News & World Report explained five ways in which retirement for baby boomers is different from that of the previous generation. Boomers are:
1. Living longer
2. In better health
3. Self-funding their retirement
4. Working longer
5. Carrying more debt
Boomers have been fortunate to benefit from modern medical technology and have their awareness raised about good nutrition and healthy exercise. At the same time, better health coupled with financial necessity means that some are working longer than their parents did. Rising costs, particularly for health care and higher education, mean that many boomers have debt that will impact their enjoyment of retirement.
Boomers who retire early aren’t necessarily carefree either. Some start new vocations, either from choice or necessity, while others care for aging parents and, possibly, spouses and even grandchildren.
So, what does the typical baby boomer want as he or she looks ahead to retirement?
Boomers want to be in control and “age in place”—to continue living a full, independent life in the home of their choice while preparing for life’s inevitable changes. For some, this will mean remaining in their own homes with in-home health care if needed. For others, it will mean moving to senior living communities that provide care within their senior apartments or cottages.
Not surprisingly, boomers want to retire in comfort. With the majority hoping to be active and vibrant in retirement, they’re looking for accommodations to fit their lifestyles. As a result, retirement communities are responding with amenities like indoor communal living spaces, expanded and private outdoor spaces, and fitness facilities. These conveniences appeal particularly to seniors considering a move to an independent living community.
With about 10,000 baby boomers turning 65 daily, the Pennsylvania retirement communities and Maryland retirement communities at Country Meadows are anticipating an increased demand for our services and are expanding our lifestyle features. Some of our existing retirement homes are under renovation, while new Country Meadows retirement communities will open at Forks Township, Easton this summer.
If you’re considering an active retirement in a senior independent living community, or are looking for an assisted living or a personal care home, we invite you to visit one or more of our senior living homes, where you will find residents with full lives in a family-oriented, caring environment. Please contact us for information or to schedule a tour so that we can acquaint you with our complete range of services.
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