PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Wednesday, January 19, 2011

Baby Boomers Face Shaky Prospects As Retirement Age Hits

Mike Vanatta sits in his Vero Beach, Fla. home working on one of his blogs. Vanatta was laid off recently from his job as a sales executive. And with savings of just $5,000, he's on a budget for the first time. (AP)

Mike Vanatta sits in his Vero Beach, Fla. home working on one of his blogs. Vanatta was laid off recently from his job as a sales executive. And with savings of just $5,000, he's on a budget for the first time. (AP)

The first baby boomers turn 65 this year and all signs indicate that they will have a very different retirement from what their parents enjoyed. Boomers’ parents likely had one employer for life and a full pension to rely on in retirement.

But today’s 65-year-olds are more dependent on employer-matched 401(k) savings plans that have taken huge hits on the stock market.  Their social security benefits are shrinking and many may have no choice but to keep working and delay retirement.

We take a look at the unique issues facing boomers with Professor Alicia Munnell, director of the Center for Retirement Research at Boston College.


Please follow our community rules when engaging in comment discussion on this site.
Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

August 31 Comment

Adapting ‘The Boys In The Boat’ For Young Adult Readers

Daniel James Brown decided to adapt his book after an increasing number of young people told him they loved the story.

August 28 Comment

DJ Session: The Music Of New Orleans, 10 Years After Katrina

Nick Spitzer talks about the music that has resonated in the city since the storm, and how the music scene has changed.

August 26 13 Comments

A Recipe For Longevity? Beans, Friends, Purpose And Movement

For nearly a decade, Dan Buettner has researched the places people live longest, healthiest and happiest.

August 25 Comment

Recipes To Celebrate National Sandwich Month

From an end-of-summer tomato tartine to an Italian grilled vegetable sandwich, our resident chef shares her favorites.