FMLY 1010 Chapter Notes - Chapter 14: Maximum Life Span, Baby Boomers, Centenarian

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In order to avoid going from full-time work to full-time retirement. Baby boomers expect to be retired for 20 years or more (much longer than previous generations) Wealth builder (31%) intend to spend spare time finding new ways to make money. Anxious idealists (20%) would like to do volunteer work and give money to charity. Although they have insufficient economic resources to do either. Empowered trailblazers (18%) expect to spend time travelling, taking classes, doing volunteer work. Believe they are financially secure enough to achieve their goals. Stretched and stressed boomers (18%) in deep financial trouble, well aware of it. Leisure lifers (13%) intend to spend most of their time engaging in recreational pursuits and are geared toward early retirement (mid-50s) Only approximately 2% have saved enough money to fulfill desired plans. Chapter 17: physical and cognitive development in late adulthood (pg. May be universal genetics process that triggers age-related declines and limits the lifespan.

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