Baby boomers still have itchy feet and keep travelling, even after they retire. This restless generation spends about $120 billion USD per year on leisure travel.
While there is a growing trend to cut cable and watch streaming and other online content, baby boomers hold fast to their remote controls.
One thing baby boomers haven’t spent well on is their own retirement. According to a report released by the Stanford Center on Longevity.
“It may mean people will end up working longer, and maybe that they’ll outlive their money or have healthcare expenses that come towards the latter part of their life that haven’t been accounted for.”
As boomers enter their golden years, they have more time to go back to school. They also have more time to accrue student loan debt.
With schooling and university costs, it’s not surprising that boomer parents pay an average of $1,442 USD a month to help their late teen and 20-something kids.
Boomers seem to love their pets almost as much as their children. Of the more than 65.1 million dogs by number of households
Even though they’re aging, baby boomers are still throwing their weight around the housing market.
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