A new study shows what any fool could have told us: the majority of the Baby Boomer generation will outlive their savings.In other words, we their children and grandchildren will have to pay for them.
The Baby Boomers, long ago nicknamed the "Me Generation," the people who brought us Woodstock and Yuppies, are now eligible for AARP membership. Millions of them are woefully unprepared for the challenge of old age.
Somebody will have to care for them, and that somebody will be whoever's in their prime productive years. In fact, loving elderly Boomers may well be the main thing we do with our next forty years. It will be an awesome responsibility, and an opportunity, too: we have before us the chance to reshape the history of generational relationships.
Adults throughout history have taken care of their parents and children simultaneously. What sets our generation apart is that we will have more old people than children to care for. Taking care of the Baby Boomers will be the greatest moral challenge our generation faces—how we do it will be the measure of our character.
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Photo Credit: Winnebago Industries
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