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Marketing, Strategy Article, aging baby boomers
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Article at a glance:

Serving aging baby boomers

  • The baby boom generation will soon have more influence over the US economy than any other group of 51- to 70-year-olds in history.
  • Despite this group’s economic power and high hopes, only a fraction of the boomers are financially prepared to retire. They also face significant health and social challenges. But the boomers are also resourceful and open to change.
  • Companies that can help them to redefine the idea of retirement, to protect their health and wealth, to achieve their aspirations on a budget, and to create a sense of community will be richly rewarded in the years ahead.
This article contains the following exhibits:
  • Exhibit 1: The US baby boom generation will become the largest and wealthiest over-50 consumer group in US history.
  • Exhibit 2: Boomers’ disposable income and consumption will be roughly 40 percent more than those of the previous generation.
  • Exhibit 3: Nearly three-quarters of the boomers are at financial risk or are concerned about their future.

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