Turning 50 can be scary… besides becoming increasingly worried about your impending empty nest, the uphill battle to defy the effects of gravity, and getting called “ma’am” by just about everybody, you also start dreading mail deliveries and the arrival of your AARP senior discount card which, in your mind, means you’re officially “old.” Ick. But don’t toss that card and your newly-minted “senior” status out just yet. Yep, turns out, if you can just get over the unsexiness of the “senior discount,” there are actually plenty of reasons to get stoked about the milestone. Here are a few of the best:
Clinching the decision was profit earned on stock investments during a five-year bull market that has restored $14 trillion to U.S. equity values. Dix is among millions of baby boomers whose retirement has helped push the participation rate of working Americans to lows not seen since the 1970s.
U.S. home-price gains have restored $3.8 trillion of value to owners since the beginning of the real estate recovery in 2012, according to Federal Reserve data.
We’ve all heard the numbers: 10,000 baby boomers a day are turning 65, what used to be the traditional age for retirement. While not everyone can afford to or wants to retire on the big 6-5, there are a couple of things that seem to be universally on the minds of those as they near retirement…
The “sandwich generation” is more hard-pressed than ever to support both adult children and aging parents.
The last of the baby boomers turn 50 this year, and if they want to cry into their beer about getting older, at least they can now buy it at a discount.
A December Gallup poll revealed that 89 percent of baby boomers have at least one checking, savings or money market account. With more than 75 million baby boomers in the United States, there’s a greater demand for financial institutions that cater to the boomer lifestyle.