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Boomers and Parents: Bridging The Gap
Talking With Parents About a Lifestyle Change
Understanding The Financial Picture
Which is Smarter: Renting or Buying?
Helping Parents With The Transition
Boomers and Parents:
Bridging The Gap
One of the most prominent issues facing the Baby Boomer generation is how to ensure that our parents have the best possible lifestyle experience as they become senior citizens. The expectational differences between the depression-era generation and the "Boomers” are extraordinary.
Sociologists believe that the "Boomers,” whose standards were established in the 60’s and 70’s, will be typified as follows:
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They will deny the advent of aging until their deathbed.
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They will always demand the highest level of pampering that they can afford.
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They will place far more emphasis on living for "me” and living for "now” and will seek out changes that will reinforce this emphasis.
Contrarily, the depression-era generation, whose standards were established in the 30’s and 40’s, are typified by the following:
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They readily identify with the negative implications of the aging process as yet one more challenge in a lifetime of significant hardships.
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They philosophically accept the limitations of aging and will use those limitations as an excuse to resist change whenever possible.
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They believe that whatever estate they have amassed really belongs to their children, and it is therefore their responsibility to limit their living expenses to ensure that they live on earnings only without "spending down” what is rightly their children’s inheritance.
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Boomers and Parents: Bridging The Gap
Talking With Parents About a Lifestyle Change
Understanding The Financial Picture
Which is Smarter: Renting or Buying?
Helping Parents With The Transition