Boomers Quotations
Boomers Quotes from:
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Country Quotes
Any politician that says no tax revenue or zero spending cuts does not deserve reelection. Our hole is so deep in this country with the debt and the debt service, the interest on that debt, before the big expenses come for Social Security and Medicare - for we baby boomers in a few years - that everything has to be on the table.
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Activity Quotes
We'd like to combine our overall upbeat analysis of consumer spending and retail activity with our baby boom spending thesis. And this is basically grounded on the observation that baby boomers tend to spend more on quality of life and personal indulgences than their parents did when they were at the same age.
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Babies Quotes
With nearly eighty million baby boomers starting to retire this year, and a large number of them wanting to live where it's warm, someone needed to come up with a solution, so I thought of assembling a group of investors to purchase a cruise ship and convert the cabins to condominiums.
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Absorb Quotes
We're beginning to appreciate that baby boomers aren't traditional retirees; they plan to be active, whether that means working, volunteering or continuing to run a business. On the other hand, affluent individuals may continue to work to absorb steep and ever-climbing healthcare costs when they retire.
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Adopt Quotes
Low interest in this service among the grey-power generation and the baby boomers stems from multiple reasons, including the fact that the service is a novelty to many senior citizens, who are typically slow to adopt new technologies in the first place. The seemingly complex applications inhibit adoption.
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Action Quotes
Medicare is projected to run out of money in 2001. That date of fiscal insolvency can be put off for several years by relatively incremental and modest changes, but when the baby boomers start retiring, ... At that point, costs go up very rapidly, and more extensive action will be necessary.
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Add Quotes
New services reflect the changing demographics of bank customers and banks' are adopting new strategies for retaining core deposits. The first baby boomers will turn 65 in 2011, and by 2030, one in five Americans is expected to be 65 or older. Add the trend toward increased equity ownership, and it's hardly surprising that more than half of the bankers expect to offer brokerage services (61%) and half will offer mutual funds (50%) in the next three years.
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Billions Quotes
Retirees who are on Medicare will suffer the consequences of 700 billions of Medicare dollars instead being used to cover the skyrocketing cost of Obamacare. In essence, less dollars for seniors means less service. Not fair. The Boomers are going to take the 'hit.' In Obamacare, 'too old' has limitations of service.
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Actively Quotes
CEOs will rarely admit it in public, but privately they say they're worried about having enough qualified people to fill leadership roles as baby boomers retire. So more big companies now are actively analyzing where the gaps are likely to be, and which skills they need to be giving people the chance to develop right now.
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Baby Quotes
I think Intel is still very good. It's done very well, but it is still a very, very strong story, ... I think Bank One is a very strong recovery story in the financial area. That usually does well as we see an economic recovery. Weyerhaeuser is in the forest products industry. A great secular story there in the next five to 10 years as home building picks up with the baby boomers getting older and the baby busters are getting bigger.
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Baby Quotes
I think the Gap had to come up with something new. It's possible they're trying to target the baby boomers next. Old Navy has been driving growth for the Gap Inc. but it's starting to slow. Its namesake Gap stores are facing market saturation, and the higher-priced Banana Republic brand is a niche concept. Banana Republic has been doing great but there's a limited opportunity to expand it further.
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Age Quotes
It has been a good year for many Denver merger and acquisition professionals. Many private equity firms have made and exited good investments, and are having success raising their next funds, while investment bankers are helping broker many deals. It's a hot and competitive market right now. Additionally, the first baby boomers turned age 60 in 2005. We are beginning the early stages of what is projected to be the greatest wave of business transition in U.S. history over the next decade.
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Adviser Quotes
Most large financial service companies have rushed new marketing materials to help boomers start thinking about retirement planning?and all are based on the financial services company focusing on you and your life, versus them and the products they want to sell. Where it falls short is when you call the financial services firm and interact with a planner or adviser who only wants to sell you products. The training hasn't filtered down from the marketing professionals to the front-line client-contact people.
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Babies Quotes
We are on the edge of a nursing shortage, because we can't replace the early Baby Boomers who are retiring. Occupational and physical therapists are very popular now, too, as is the physician's assistant degree because you have a lot of the same rights and privileges as a doctor, including good pay, with fewer responsibilities.
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Active Quotes
This story has been written with different players - the names are now changed - over the last 10 years, ... There's more use of tissue today because orthopedic and neurosurgery are increasing because baby boomers are getting older. They want to remain active and golf and play tennis and jog five miles and keep their cholesterol levels down.
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Baby Quotes
The data show that Americans are ill-prepared for retirement, and gained virtually no ground over these three years. The low saving rate and weaker returns in the stock market held back wealth, despite strong gains in housing. With the baby boomers rapidly approaching retirement, we need to start saving fast, and are showing no signs of doing so.
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Appreciation Quotes
The demand for luxury homes continues to be fueled by baby boomers who remain in their prime home buying years. This group has amassed great wealth through investments, inheritances and equity and appreciation of their homes. Their strong buying power, coupled with the historically low mortgage interest rates we have enjoyed over the last few years, have spurred the luxury home buying segment, which also includes second homes and new construction.
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Baby Quotes
The real threat to Social Security doesn't come from giving young people this opportunity. The threat comes from the Bush Administration's plan to load illegal aliens into the Social Security system, an idea that would skyrocket costs and bankrupt the system at the same time that baby boomers flood into their benefit years.
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Access Quotes
While the number of new Internet users in the US and the total number of online buyers are both growing at single digit rates, online sales are experiencing double-digit increases. Credit goes to baby boomers who are increasing their online spending and a cadre of digitally literate young adults who are replacing older Internet shoppers in the e-commerce marketplace. These demographic forces coupled with the spread of broadband access are changing the way people shop online and how Web merchants market to them.
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Absolutely Quotes
Director Portman will be inheriting the most dire long-term fiscal outlook we've ever had. The first baby boomers retire in 18 months, and the Social Security, Medicare and Medicaid costs are set to explode. On top of that, he'll be dealing with a Congress that's absolutely addicted to runaway spending and pork!
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Aged Quotes
Current industry data shows that American workers aren't saving enough in their workplace-provided retirement programs, and our survey indicates that this lack of preparedness extends from the accumulation phase of retirement planning into the distribution phase. Even those who are conscientious savers and investors, including Baby Boomers now aged 55 to 58, aren't prepared to convert their retirement savings into a predictable retirement paycheck that they can't outlive.
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Assumption Quotes
There was a general assumption - that is proving somewhat erroneous - that the baby boomers would continue with the consumption patterns that they established in their youth. Instead, they're doing more like what prior generations did as they got older, and switching their drinking habits to wine and spirits.
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Affluent Quotes
Affluent baby boomers have unique challenges when it comes to retirement planning and represent one of the largest opportunities for financial services firms. Mass marketing to this group of high net worth individuals simply doesn't work and requires a more thorough understanding of the affluent lifestyle, attitudes and behaviors. It's obvious from our research that there's lots of low hanging fruit yet to be picked.