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.