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The good news, according to financial experts we’ve consulted, is that we Baby Boomers still control 50% of all the wealth in the U.S. – more than any other generation. And per the 2022 Investopedia Financial Literacy Survey conducted this past April, which polled 1,000 U.S. Boomers as part of a multigenerational study, we Boomers are typically fiscally conservative, goal-centric, independent, and resourceful. Further, most of us are at least somewhat confident in our ability to manage our finances.

When it comes to Retirement expectations, more than 25% of survey participants expect to receive Retirement income from pensions and 401(k)s. Others expect income from savings, certificates of deposits (CDs), and market investments. A significant majority (70%) of still-working Boomers expect to be able to support themselves with Social Security alone, when they are no longer able to work. We fear that may be more wishful thinking than reality. For the record, 62% of those surveyed are retired, 23% say they expect to retire, and 16% are unsure they will ever be able to quit working.

We were not surprised that the survey also showed that 83% of Boomers are at least somewhat confident about our ability to manage our finances. When it comes to financial skills Boomers would like to acquire, the No. 1 thing mentioned was how to keep our financial information safe online.

Additionally, it seems many of us are now tasked with managing an elderly family member’s budget. This can be challenging because we may not feel competent to make financial decisions on behalf of these loved ones, especially when they cannot tell us their financial goals.

A final interesting survey finding was that 77% of us Boomers consider ourselves rank beginners when it comes to understanding digital currency.
For us here at BabyBoomer.org, one of the most important findings of this survey was that most Boomers prefer to acquire financial knowledge through reading (37%) and talking to others (35%). [As opposed to watching videos (9%), game simulation (8%), taking a class (4%) and podcasts (4%).] We will, therefore, aim to please.

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My Guest Interview On The S Factor Podcast

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50% off digital courses (Black Friday Sale)

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13 Year-End Financial Strategies

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Benefits of a Spiritual Mentor with Robynn Sheridan

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704: Our Lives Move In The Direction Of Our Most Dominating Thoughts

Jeff Heggie Daily Success Strategies 704: Our Lives Move In The Direction Of Our Most Dominating Thoughts Talk the Talk Your self talk is a determining factor of your confidence level. In this episode I talk about the relationship between your self talk and your confidence level. I also talk about …Jeff Heggie Daily Success Strategies 704: Our Lives Move In The Direction Of Our Most Dominating Thoughts Talk the Talk Your self talk is a determining factor of your confidence level. In this episod…Jeff Heggie Daily Success Strategies 704: Our Lives Move In The Direction Of Our Most Dominating Thoughts Talk the Talk Your self talk is a determining factor of your confidence level. In this episode I talk about the relationship between your self talk and your confidence level. I also talk about ways to improve your self-talk and what to do when you recognize your negative self-talk Develop A Powerful Mindset, Extreme Self-Confidence, And Reach Your Full Potential! You Put A Lot Of Time And Effort Into The Physical Aspect Of Your Sport. The Mental Game Is Just As Important And Separates Th…

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The Power of Effective Communication in Business: A Case Study with Bryan Rutberg

Bryan Rutberg is the founder of Three C Communications, a communications firm that helps brands connect with their customers. He has over 20 years of experience in corporate communications, marketing, and sales, and is an expert in speech writing and customer relations.If you're feeling frustra…Bryan Rutberg is the founder of Three C Communications, a communications firm that helps brands connect with their customers. He has over 20 years of experience in corporate communications, marketing,…Bryan Rutberg is the founder of Three C Communications, a communications firm that helps brands connect with their customers. He has over 20 years of experience in corporate communications, marketing, and sales, and is an expert in speech writing and customer relations.If you're feeling frustrated because your marketing efforts aren't leading to the customer loyalty you desire, then this episode is for you! In this episode, you will learn:1. The importance of effective communication in business2. The benefits of customer programs and relationships3. The power of emotion in marketingL…

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60. Economic Panel w/ Neal Bawa (Best Ever Conference) – Part 2

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S3Ep5 – Turkey Day Fun

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John Papaloni – Papaloni Media & Papaloni Capital

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