The “Make it Happen!” workshop addresses a number of issues:
. Women, whose average life span surpasses that of men, will come to control a large proportion of the nation’s privately owned financial assets. While 32 percent of the top wealth holders under age 50 are women, they make up 61 percent of the 75 to 84 age group.
. Older children of Boomers - many of whom carry considerable college debt - become financially independent at a later age.
. At the same time, extended life expectancies mean that more than 70 percent of today’s Boomers have at least one living parent. In 1989, this was true for only 60 percent of those in the 41 to 59 age range.
. About 37 percent of women support an adult child, while about the same percentage support aging parents.
. Boomers will experience a prolonged period of responsibility. At a time when they should be focusing on their own retirements, many Boomer women will find both their financial and emotional resources stretched by bearing primary caretaker responsibilities for children, aging parents and even ailing spouses. By forsaking their working lives in order to manage caregiver tasks, women frequently lose important retirement and healthcare benefits.
Dollars and Sense is headquartered in Santa Cruz, California. (Tel 831-251-4183 fax 831-426-2823)
Editorial contact is Forrest Sass, Theorem, Tel 925-462-5280, fsass@ieee.org.
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