90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young
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.

October 23 Comment

New Documentary Profiles Human Rights Watch Team

An elite group known as the E-Team travels across the globe documenting human rights violations and war crimes.

October 23 Comment

Bottom Of The Sea Is ‘A World Of Surprises’

The world's oceans cover nearly two-thirds of the Earth's surface, yet little is understood about the ocean floor.

October 22 13 Comments

Colorado Backs Away From Pot Edibles Ban

Critics say a ban would violate the state's voter-approved legalization of recreational marijuana, which took effect in January.

October 22 4 Comments

Modest Raise For Social Security Recipients

Economist Diane Swonk says the 1.7 percent cost-of-living increase falls short of the inflation older Americans actually see.