At what age did experts predict Baby Boomers would start retiring?

Study for the NAB Domain 2 Operations Test. Use flashcards and multiple choice questions, with hints and explanations. Get exam ready!

The prediction that Baby Boomers would start retiring around 2010 is based on demographic trends and the retirement age norms of that generation. Baby Boomers, typically defined as individuals born between 1946 and 1964, began reaching the traditional retirement age of 65 around 2011. This correlates with the aging population and the significant increase in the number of individuals eligible for retirement starting from that year.

Around 2010, many analysts and experts were focused on the impending wave of retirements as this large segment of the population was moving toward the age when retirement is generally expected. The timing of these predictions was informed by both social and economic factors, including changes in pensions, Social Security eligibility, and health care availability, which all play critical roles in retirement decisions.

While other options suggest different times for when Boomers would start retiring, 2010 stands out as the anticipated starting point for a substantial percentage of this generation to enter retirement, significantly impacting workforce demographics and social services.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy