DATA FINDINGS

HOW DO YOUNGER GENERATION BABY BOOMERS DIFFER FROM THEIR OLDER COHORT?

LeadingAge and AmeriSpeaks conducted a joint survey for the LeadingAge Leadership Summit that defined the key differences between younger generation baby boomers that are starting to retire and leave the workforce and their older cohort. Among these answers, important implications for the aging services living field arose. These are some of the many future-oriented topics that will be discussed at the 2020 Leadership Summit.

YC

YOUNGER COHORT

60 - 69 YEARS OF AGE

VS.
OC

OLDER COHORT

70 - 72 YEARS OF AGE

YCs ARE LESS LIKELY TO HIRE A CAREGIVER.

1 in 5
Likely to hire someone for activities of daily (ADL)
1 in 3
30%
Concern about being a burdon on family
26%
41%
Currently employed
22%

LONG-TERM CARE AFFORDABILITY IS STILL A CHALLENGE FOR YCs.

61.8%
Concern about affordability for ADL help
55.7
42.4%
Has put in place advanced directive arrangements to help with health care services
56.9%
Retirement Options
92.2% vs. 96.6%
40.6% vs. 54.2%
53.7% vs. 50.3%
13.3% vs. 16.5%
Retirement Saving Chart
18.5% vs. 13.3%
13.4% vs. 20.2%
24.6% vs. 27.3%

Interested in content like this? Mark your calendar and join us for the 2020 Leadership Summit, taking place April 20 - 22 in Washington, DC.

LEARN MORE

YCs ARE MORE OPEN TO RELOCATING FOR CARE.

Choice of care setting if help required due to a physical disability
58%
Chooses current home
66%
1 in 10
Chooses a seperate place connected to children or family (i.e., in-laws suite, small cottage, or dwelling on property)
1 in 20
10%
Chooses type of residential care with health and LTSS services
27.3%
Moving into a community
Overall relocation priority
Current setting/home

YCs ARE MORE COMFORTABLE USING CELL PHONES, ALTHOUGH TECHNOLOGY USAGE IS HIGH FOR BOTH GROUPS.

36.8
Has a landline phone only
24.5%
81.7%
Internet usage
81.7%