Va. Study: Many Baby Boomers Feel They Won't Be Ready For Retirement | WAMU 88.5 - American University Radio

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Va. Study: Many Baby Boomers Feel They Won't Be Ready For Retirement

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Virginia has more than 800,000 seniors but that number will surpass 1.8 million in 20 years. A study released May 19 by the Older Dominion Partnership measured how the "baby boomer" generation perceives its quality of life and that of its elders in the realms of transportation, healthcare and financial security.

Two-thirds of baby boomers said they do not think they will be financially prepared to take care of themselves when they retire. And 15 percent said they currently feel some form of age discrimination at work, indicating that many businesses may not be prepared for an older workforce.

Older Dominion Partnership board member Richard Lindsay says this tool goes beyond census data.

"It breaks it down specifically, it breaks it down financially, and in a lot of ways which will be invaluable to communities as they plan what they are going to do in the future for aging services," Lindsay says.

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