Baby Boomers are Changing Their Retirement Plans

What the study really says

I invite your readers to go to the full MetLife study for themselves to see what it has to say: http://www.metlife.com/assets/cao/mmi/publications/studies/mmi-studies-boomer-bookends.pdf

What is says is that of the "oldest boomers" in the study, 19% were fully retired, another 11% were on disability and another 9% were working parttime. This appears to total 41%. But near the end of the report, it also finds that a full 50% of the "older boomers" were fully retired, with another 3% retired, but working full-time. That would be 53%.

So, if 50% of those hitting 62 in this study and in the real world are fully retired, my guess is that most will have taken their benefits at age 62 in the year 2008. Plus,there will be a percentage of those who will still work full-time who will start at age 62, as well. Your assertion that only 11% of those "older boomers" were taking SS at age 62 is really misleading. My guess is that that is not what you meant to tell us, but that is the way it came out, as I read it. I'd go back to the study and give us a better summary of the data next time.

Thanks much.

George Fulmore of CA @ Apr 09, 2009 20:22:24 PM