By Kathleen Steele Gaivin
Source: McKnights Senior Living
Late baby boomers, those born between 1955 and 1964, and younger workers face retiring “under much worse conditions” than the early baby boomers, who were born between 1946 and 1954, according to a new report from the Schwartz Center for Economic Policy Analysis. That reality has implications for long-term care providers.
The report’s description of late baby boomers overlaps social commentator, entrepreneur and business and political adviser Jonathan Pontell’s definition of “Generation Jones,” those born between 1954 to 1965.
“Later generations have been impacted by changes to the conditions of retirement that early baby boomers did not experience,” Teresa Ghilarducci, labor economist and director of SCEPA, wrote in the report.