Personal Finance - General & Miscellaneous, Baby Boom Generation
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Overview
Baby boomers today face unprecedented financial challenges. Burdened by job insecurity and accumulated debt, they are simultaneously squeezed by the demands of their children's looming college expenses, their parents' potential medical expenses, and the need to save up for retirement likely to span many more years than previous generations experienced.Editorials
Library Journal
Baby boomers (born 1946-64) are facing what Pollan and Levine, both financial authors, call the "squeeze": simultaneously paying for their children's education, caring for their aging parents, saving for their own retirement, and sweating over whether they'll keep their jobs in this era of downsizing. First, the authors challenge some assumptions behind the squeeze: not all children have to go to college, for example, and why retire-if you like what you're doing? They then emphasize the importance of keeping your "stream of income." They discuss controlling spending; making efficient use of health, life, auto, and disability insurance; and investing (as opposed to just saving). The suggestions concerning relations with aging parents are particularly penetrating and sympathetic; it appears that they are speaking from heartfelt experience. A solid choice for public libraries.-Alex Wenner, Indiana Univ. Libs., BloomingtonBook Details
Published
August 9, 1994
Publisher
Hungry Minds Inc,U.S.
Pages
288
Format
Paperback
ISBN
9780020811688