You can't always be there with Mom. We can help.
The Baby Boomer generation, typically, has been characterized as a block of people who think and act as one monolithic generation. However, recent data from the MetLife Mature Market Institute®, show that Young, Middle and Older Boomers grew up during disparate “eras” and are now at different stages in their lives. They should, perhaps, be treated as separate demographic groups.
In both a series of demographic profiles and a new study, The MetLife Study of Boomers in the Middle, facts are emerging about how distinct the segments are.
What Does A Middle Boomer Look Like?
Born between the years of 1952 and 1958, the Middle Boomers have characteristics that make them distinct from the their younger and older cohorts beyond the obvious age differences.
- The Middle Boomers are looking forward to retirement (setting their sights on age 65), have a high net worth ($100,000 or more, excluding their home value) and are currently in their peak earning years.
- More than half (54%) say they are behind on their retirement savings goals and that many who have delayed retirement have been affected by the economy.
- One-third of the Middle Boomers expect to receive an inheritance from their parents in the amount of $181,000, slightly less than the Oldest Boomers and behind the Youngest Boomers who expect $208,000.
- Two-thirds of the Middle Boomers report having at least one parent still living, and half still have children living at home.
- They are not yet empty nesters like the Older Boomers. Fourteen percent are providing care to older parents.
How Do Middle Boomers Manage The Workload?
Let’s review. Many Middle Boomers are:
- Still working full time
- Have children still living at home
- Are taking care of one or more older parents
How does this person find time to perform the daily tasks of meals, errands and housework, much less the daunting task of finding trustworthy and reliable services for information about caring for parents? Often they try to take on the responsibility of caring for an aging parent by themselves, only to find it is highly stressful and that they don’t have all the answers. They know they need help but are not really sure where to turn.
Why Home Instead Senior Care Can Help
Home Instead is designed to be a resource for reliable in-home care and companionship service to the active seniors, the elderly and the home-bound. We are also here to provide links to reliable sources of information about planning for the final stages of life, common sense tips on how to plan and prioritize your needs and goals, and help in making the best decisions that will have a positive impact on you and your loved ones.
Simply call our Richmond home care office, anytime, at 804.527.1100. Home Instead Senior Care can be an invaluable resource to the Middle Boomers who find themselves in the stressful sandwich generation.
P.S. Home Instead Senior Care serves both Richmond and Tappahannock.
