Yikes! Boomers aren’t going to inherit big bucks…

Posted by on Jun 20, 2012 in Baby Boomers, G.I. Generation, Marketing, Silent Generation | 0 comments

The Baby Boomers’ crystal ball has shattered –  splintering their dreams for future financial security.

Here’s the WSJ’s preview of the “new financial normal” for age-ing Baby Boomers:

…for a growing number of boomers, things aren’t going according to plan. [Their parents are] living longer—and many are spending their savings along the way. And, of course, many of them also took a hit in 2008.

 

The result is that, as a group, boomers likely won’t be getting as much of an inheritance as they hoped. Even worse, far from receiving a bequest, a growing number are tapping some of their own savings to help their cash-strapped parents make ends meet.

Boomers have had a reputation for being spenders, for counting on government benefits as they age, and for expecting a little something (inheritance) from the folks.

Check out what really awaits many Baby Boomers.