Retirement Income Change The Demographic Shift
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Retirement Income Change
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Baby Boomers Born 1946-1964

Baby Boomers 1946-1964David Rando writes in "Boomers: Twisting The Retirement Mindset" that in 2007 "Change is brewing in retirement and income planning for the Baby Boomers generation due to unique factors such as a longer life expectancy and a different level of savings than any other generation to date coupled with the need for new sources of guaranteed income. How Baby Boomers in Canada and their advisors adapt to these changes in developing personal pensions will determine the type and quality of the boomers' retirement and, quite possibly, the wealth or otherwise of the generations following."Baby Boomers in Canada expected to reap the rewards of parents who sold houses whose values had increased four or five times. Unfortunately, while waiting for their rewards the price of accommodation had also increased and many Boomers are forced into smaller and smaller homes. "Tiny Homes" are becoming the norm.

Men and Women

Boomer man and womanIn Canada and the United States, the Demographic Shift is profoundly changing the course of the Anglican, Roman Catholic and United Churches. Other non-mainline and smaller denominations like the Pentecostals, Baptists, Salvation Army, and Presbyterians will not be impacted in quite the same way but will still feel the ripple effect as society becomes more and more secular and anti-Christian. Church-going is not a popular thing to do anymore. These Protestant congregations typically do better in keeping the involvement of their children and teens, and this may be key to helping them survive in the coming thoroughly secular society.

"Retirement Income Change"
by Ron Meacock © 2019

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