4M Baby Boomers Can't Retire

4 million Baby Boomers a year are turning 50

and they will not be able to afford to

retire.
That’s a pretty scary statistic, isn’t it?
One can easily see a “boom” in 1946, when births

went from 2.8 to 3.4 million. The end of the

boom is not as clear, however. Perhaps that

delineation was marked when annual births

dropped below 4 million (1964).



“Every 7 Seconds” another Baby Boomer turns

50 – every 7 seconds.



Whew! Is that possible? Well, you don’t have to

be a math major to check it out.



Let’s look at 50 years ago – 1959 – when

4,097,000 Boomers were born. Now, I suppose that

some of them have not made it this far, so let’s

round it down to 4,000,000. (That’s just my

estimate, but it is close enough for my

purposes here.)



So, a bit more than 4,000,000 will turn 50 in

2012 with over 20 million turning 50 over

the last five years alone.



Let’s see how that breaks down:



per year: 4,000,000

per day (4.0 mil / 365): 10,958

per hour (10.6 k / 24): 456

per minute (456 / 60): 7.1



And 7.1 per minute amounts to one every 8.5

seconds.



If you use 1957 as your base number, when

4,300,000 million boomers were born, that’s

a heck of a number!



During the Baby Boomer years, 1946-1964 (inclusive),

75.8 million Americans were born. The ratio of

males to females has stayed relatively constant.



There were approximately 1.05 male births for

every one female birth.



The middle class and baby boomers are beginning

to realize that corporations and governments

will not be here to save them in the end.



If you are like most people, you are likely

already affected by one, two, or even three

of these massive converging trends. At a

minimum, you likely know someone who is

affected.



People cannot afford to retire. In March 2012

Canada increased the age of retirement

to 67.



Now… The good news.



These 4 trends are actually working toward a

5th, ‘Perfect Storm’ kind of trend.