They're not all sitting home, surfing the web, bored out of their skulls, though. A 2015 AARP report claims 91 percent of baby boomers are getting paid vacation time (about 54 percent use all or almost all of it, as of a similar AARP 2016 Travel Trends report), and 99 percent of them planned to travel in 2016 (AARP's 2016 report). ), that's where they travel most; they love the Caribbean and Florida though sometimes they travel to knock something off the bucket list or to experience another culture (Europe is popular).
They will skimp on clothes and furniture, but don't hold back much on travel (AARP 2016 Travel Trends report). Some Baby Boomers have already had the opportunity to retire.
As of 2014 and according to the Insured Retirement Institute: The Echo Boom, or the baby boomers' children, are the millennials (roughly, the children of the 80s and 90s, but some say the birth year range is from 1977 to 2001).
Business Insider reports that there are about two million more people in this generation than in the baby boomer one, or 80 million versus 78 million, respectively.
When World War II came to an end and soldiers returned home to the United States, an enormous number of babies were born.
This population explosion, coined the Baby Boom by sociologists, lasted from 1946 to 1964.
In 2015, Gallup reported (based on numbers gathered in 2014) that: . News Baby Boomer Report says exercise is important to 67 percent of Boomers.
They're not playing the complicated or intense games the millennials love, necessarily, but they can enjoy puzzles, card games, trivia, and other similar games. They are working out for health reasons, because it's what they've always done, because they're divorced and dating, and to look good and maintain the ideal athletic-looking body that will serve them well, well into their 70s.Despite society's look at retirement as a time to spend all that free time doing whatever they want, the NCPA says money is not going towards a ton of entertainment and looking snazzy for themselves and The Joneses (at least in some ways). Baby Boomers are willing to shell out money on music, reports , especially music that takes them back to their younger days.In 2006, 25 percent of music buyers were over the age of 45.Some of them were spending on their own education, but not nearly as many.They're not just doling out allowances to their kids willy-nilly because they're that rich and want their kids to have a good time; they're helping with student loans, living expenses, transportation costs, and medical bills.Some are continuing to work in the same field while others are beginning encore careers late in life.