Which statement is true regarding the retirement of the cohort known as Baby Boomers?
A)Baby Boomers view retirement planning as obsolete.
B)Baby Boomers expect that their standard of living during retirement will be greatly reduced in comparison to their pre-retirement standard of living.
C)Baby Boomers are likely to be in retirement for 20 years-far longer than earlier generations.
D)Baby Boomers expect that retirement will mean a permanent end to their roles as workers or employees.

Question

Quizplus · Accepted Answer

Studies show that Baby Boomers are likely to be in retirement for at least 20 years, as compared to earlier generations who typically retired for 10-15 years.

Answer: D
 Baby Boomers generally view retirement as a permanent end to their roles as workers or employees, with only a small percentage considering returning to work on a part-time or consulting basis.

Option A and B are incorrect, as there is no evidence to suggest that Baby Boomers view retirement planning as obsolete or expect a greatly reduced standard of living during retirement.

Which Statement Is True Regarding the Retirement of the Cohort