Baby Boomers vs Their Parents: Economic Well-being and Health Status
Related Collections
Degree type
Discipline
Subject
Funder
Grant number
License
Copyright date
Distributor
Contributor
Abstract
In this chapter, we use the Social Security Administration’s simulation model known as MINT (Modeling Income in the Near Term) to examine the projected health and economic status of Baby Boomers and their parents during retirement. Our projections indicate that boomers will enjoy higher levels of economic well-being and health than their parents, yet the distribution of income and wealth is more unequal among Boomers. For example, the ratio of income to poverty-level income grows three times faster at the 90th percentile than at the 10th percentile. Health problems are concentrated among persons of lower economic status in both generations, but the degree of concentration does not increase across generations.
Advisor
Date Range for Data Collection (Start Date)
Date Range for Data Collection (End Date)
Digital Object Identifier
Series name and number
Publication date
Volume number
Issue number
Publisher
Publisher DOI
Comments
The published version of this Working Paper may be found in the 2007 publication: Redefining Retirement: How Will Boomers Fare? (http://pensionresearchcouncil.wharton.upenn.edu/publications/books/redefining-retirement-how-will-boomers-fare/)