Baby Boomer Facts

Great facts about baby boomer!

Retirement Diva

  • There are 78-million Baby Boomers, born between 1946 and 1964, marching towards retirement.
  • The first Boomer turned 65 in 2011.
  • “We estimate that two-thirds of Boomer households will receive some inheritance over their lifetimes, with a median amount of $64,000. Although the incidence of receipt increases with income, 50% or more of households in all income deciles will eventually receive an inheritance. Among those receiving inheritances, high-wealth households can expect to receive substantially more — an average of $1.5 million for those in the top wealth decile compared with $27,000 for those in the bottom decile. However, inheritance receipts have a proportionately larger impact on the current wealth of low-wealth households.”  –  MetLife “Inheritance and Wealth Transfers to Baby Boomers” research study
  • Starting January 1, 2011 10,000 Boomers turn 65 each day, and will continue at that pace until the year 2030.  – Pew Research Center
  • By 2030, when all…

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