Mid-life is that time of life when we wonder what the first half is or has been about and where we are going.
Sociologists call this period of disequilibrium "middlescence" or mid-life.
What might be expected for boomers in the second-half?
Below is a snap shot of where Americans stand as a culture in 2004.
Men in the work place | |||
Age | Number Working | ||
55 | 8 of 10 | ||
60 | 7 of 10 | ||
62 | 6 of 10 | ||
65 | 4 of 10 | ||
68 | 3 of 10 |
How does financial health relate to capacity for making a difference?
The Harvard School of Public Health reports boomers mid 40s to late 50's fall into five general categories:
Category | % | Financial | Outlook on Future | Self-described Health | Employed | Income | Post Career | |
Strugglers | 9 | Few resources |
Pessimistic | Not good | No or occasional | Rely on social or family safety net | Not an option | |
Anxious | 23 | Small savings |
Anxious | Concerned | Not full time | Just livable | Not likely | |
Traditionalists | 25 | Moderate savings |
Confident in social entitlements | Average | Full time | Expect to work in retirement | Need income or inter-generational support | |
Self-Reliant | 30 | Adequate savings |
Positive/Anticipating | Above Average | Full time or scaled back | Adequate for lifestyle, some giving | Active social/community engagement | |
Enthusiasts | 13 | Significant savings |
Enthusiastically engaged | Above Average | Not for Income | Able to maintain lifestyle and give generously | Free to enjoy hobbies or volunteer activity |