From the July 2008 issue of Boomer Market Advisor • Subscribe!

July 1, 2008

Younger boomers put off bills, cut back on meds

There is always a dividing wall somewhere within the boomer generation. This time it's showing up in the current economic status.

An AARP survey reveals it's the younger boomers who are more likely to postpone bills or cut down on medication in trying economic times. Twenty-seven percent of individuals between the ages of 45 and 54 are putting off bills, while 17 percent of those in that age group are cutting back on meds.

Tom Nelson, AARP's chief operating officer says the people over age 65 are less likely to postpone bills and cut down on medication because they are accustomed to dealing with rising cost of health care on fixed incomes.

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