More than half (52%) of oldest Boomers (and their spouses) have fully retired, up from 19% in 2007 and 45% in 2011.
86% of the oldest Boomers are currently collecting Social Security benefits- of those, 43% started collecting earlier than expected.
Most are now empty nesters, but have more grandchildren (average of 4.8 up from 2.6 in 2008); 13% are caring for parents or relatives.
The majority (82%) rate their health as good to excellent. They won’t view themselves as “old” until they reach the average age of 78.5.
More than half of the oldest Boomers feel their generation is leaving a positive legacy for future generations.
The nationally representative survey was conducted by GfK Custom Research North America on behalf of the MetLife Mature Institute between November 6, 2012 and December 23, 2012. A total 1,003 respondents, including 447 respondents from the 2011 study, were interviewed by phone – respondents were all born in 1946. Data were weighted by demographics to reflect the total Baby Boomer population.