Advances in science, medicine and technology have made baby boomer life expectancy to be on the increase. The increase of baby boomer life expectancy is also directly attributable to the fact that the baby boomer generation is more careful about their health. Many of them have adopted healthy lifestyles by eating right and exercising, which goes a long way in increasing the chances of them living a longer life.
The baby boomer life expectancy is set at around 80 years. It is projected that the life expectancy can may go as high as 87 years with within the next couple of decades. This is causing some concerns from the American population, particularly regarding social security and retirement benefits.
Baby boomers are currently aged between 65 years and 47 years old. The oldest of the baby boomer have already started to retire, and the majority of them will retire in the next few years. Due to the fact that baby boomer life expectancy is increasing while more and more of them are retiring, some people are concerned that the United States government will be overburdened by the demands of providing retirement benefits, medical benefits and disability benefits due to the baby boomer population. Currently the baby boomer population accounts for about 30 percent of the total United States population.
These concerns may have some basis. However, the reasons for the increase in baby boomer life expectancy may also be used to allay these fears. Baby boomers live longer because they try to live healthy lifestyles. Because they do so, they tend to be more active. Many baby boomers are likely to put off retiring and continuing to work well after they hit 65 years old.
It is a trend among baby boomers to at least work part time even after reaching the retirement age. The trend is being seen amongst over 75 percent of baby boomers. As baby boomers will continue to work, they will continue to pay taxes which should help the federal government. Productivity levels will also rise.
Baby boomers, because are conscientious about their health, may not be plagued by many of the diseases that characterize growing old and aging. Diseases such as hypertension, heart disease, arthritis and some cancers are some examples of the diseases that are attributed to aging. Consequently, they are likely to put less strain on medical care. Medical advances will also have found cures or ways of managing diseases that require long term health care, which is likely to ease the burden somewhat.
As a consequence of increasing baby boomer life expectancy, younger baby boomers are changing their habits and planning better for their retirement. They are trying to save more for retirement. Baby boomers are also looking into home based businesses to supplement their income or as their main source of income.