Boomers Are Retiring Right on Schedule

Remarkably, 51 percent of those who are retired say that they were able to do so before they had expected but it should be noted that the majority of the early retirees did so for health reasons. Unsurprisingly, 96 percent reported that they are happy in retirement.

Another point of speculation that has been debunked by the responses to the study is that many people would delay collecting their Social Security benefits until a later year in order to receive a larger payout; 63 percent of respondents are receiving their social security benefits and began doing so at 63. The majority are confident that Social Security will remain solvent for the duration of their lifetimes.

As the average life expectancy in the U.S. continues to climb, Boomers at 65 do not consider themselves old and report that they won’t refer to themselves as such until they reach the age of 79, a year older than reported in 2007. While they are prepared to enjoy retirement, their outlook on the economy is dour with 49 percent of respondents faulting the government for the gloomy trajectory of the country and 21 percent blaming the economy.