Of the 202 adults we surveyed, 155 were self-proclaimed Baby Boomers. What once was the generation of promise is certainly feeling the pinch of the economic downturn.
- 31% of Baby Boomers responded positively to the statement, "Frankly, I don't think I'll ever be able to retire."
- 17% of Boomers said, "I plan to work until I drop because I have to."
- 47% of Boomers express some level of discomfort with their employment status
- 33% of Boomers stated their socioeconomic status as "Compromised" or "Poor" today vs. only 12% prior to the economic downturn -- an almost three-fold increase
Of the 202 adults we surveyed, 32% claimed net worths of $1 million to $5 million -- much of their net worth appeared to be real estate driven. However, milliionaires are feeling the pinch as well:
- 17% of them classified themselves as “Compromised” or “Poor” post the downturn vs. only 3% prior to the downturn – a more than five-fold increase
- 26% expressed concern about being able to make their mortgage payments going forward.
- 41% expressed some concern about their employment status.
- 47% aren’t confident of their retirement plans, primarily as a result of the recent downturn.