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 21 Comment

Jim Gaffigan’s Love Affair With Food

The stand-up comic gives his particular gastronomic take on the world in his new memoir "Food: A Love Story."

October 21 Comment

Jill Abramson Announces Plans For News Startup

The former New York Times executive editor said her goal is to create a news outlet that favors quality over quantity.

October 20 Comment

Alternate Routes: Lasting Impressions From The Road

Our digital and social media producer Rachel Rohr is back from a month-long trip cross-country, talking with young Americans.

October 20 Comment

Mario Batali Goes Farm To Table

The chef and restaurateur discusses the "farm to table" trend and shares recipes with a hearty and rustic twist.