Pre-Boomers Feel Confident
The great majority of members of the “Silent Generation” feel confident that they have enough money to live comfortably until age 85, according to a survey report released by MetLife Inc.[@@]
A total of 83% of the U.S. residents ages 59 to 71 who participated in the survey expressed confidence in their ability to cope with retirement expenses up to age 85, and many said multiple sources of income are important to maintain their lifestyles.
The national poll, was commissioned by MetLife’s MetLife Mature Market Institute and conducted by Mathew Greenwald & Associates, Washington. The survey participants included both retirees and pre-retirees.
Demographers say members of the Silent Generation, who were born during the Great Depression and World War II, are part of a generation that is much smaller than the baby boom generation.
Although boomers will face a different set of economic realities, members of the Silent Generation can offer them important lessons, according to executives at MetLife, New York.
One lesson is that the time has come to shift the focus of the conversation from retirement assets to retirement income, says MetLife President C. Robert Henrikson.