Baby Boomers Impact Culture and Economy Baby Boomers have had a history of making a major impact on American life and society, and now, as they prepare to retire, we can expect them to have an equally significant impact on that time-honored phase of life known as "retirement".
The following six things are likely to characterize the way Boomers live out their retirements: 1) Time Freedom People are living longer these days than in previous generations, which means that the retirement phase of life will also be extended.
Boomers, now aged 50, can expect to live another 35 years.
2) Self Actualization For years, Baby Boomers have been known as the "Me Generation" and their earlier self-indulgences have transformed into a passion for self-actualization, as defined by Abraham Maslow.
Many will go back to school and earn an advanced degree.
Others will finally take the plunge and become entrepreneurs, or pursue some other job or career that they've always dreamed of doing.
3) Leisure Activities With all this time to fill, Boomers will actively pursue a variety of leisure-time activities, from travel to sports to home entertainment games and systems.
4) Active Consumerism Just because they're aging, doesn't mean that the Baby Boomers will cease being a dramatic economic force in America - they control more than half the U.
S.
discretionary income and spend $2 trillion annually.
5) Search for the "Fountain of Health" It's true that Boomers want to look young, but even more importantly, they want to "feel" young.
They are passionate about health and fitness and will do whatever they can to maintain their health and vigor.
6) Culture of Social Isolationism Although they intend to remain actively involved in the world, when it comes to their social life, they tend to stick closer to home and spend their time with small groups of intimates - primarily family and extended family circles.
If you're one of those people wanting to start your own business, consider starting an affiliate or other online business.
The problem with most online programs, however, is that their training is limited, and generally focused only on teaching you about their product(s).
Unfortunately, you'll need more knowledge than that.