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Comparing the Future Concerns of Early Wave Baby Boomers with the Concerns of Young Old Adults

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Kinnaly Amodio

on 3 May 2015

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Transcript of Comparing the Future Concerns of Early Wave Baby Boomers with the Concerns of Young Old Adults

Research Methods and Designs
Data from the State of Mississippi's 2011 Older Adults Needs Assessment Survey
2 Groups
Baby Boomers cohort age 55-64
(n=349)
Young-old age 65-75
(n=383)
Results/Main Point #1
Based on the results, the Baby Boomers had:
Lower subjective well-being in their late middle age than in their late life.

Factors such as future concerns in finance, health, and employment are indicators of higher concerns


This was consistent with previous studies and what the current study had predicted
Purpose of Current Study
Comparing the Future Concerns of Early Wave Baby Boomers with the Concerns of Young-Old Adults
Adams-Price, Turner, & Warren, (2013)
Analysis
Conclusions
Baby Boomer generation
(born between 1946 and 1964) are aging at an inopportune time leaving most with the feelings of uncertainty towards the future
2/3 will NOT save enough money to retired and live comfortably (Beinhocker et. al., 2009)

Economic and Government uncertainty
Government reduced services
Fight harder to keep entitlement
Employer change in pension plans from defined benefit to defined contributions

Affects on the Quality of life in Health

These concerns may lead to anxiety and higher level of depression
Affect the person's well-being and their outcome in life
Age-period- cohort model
Subjects:
Methods:
(Landlines Phone) Survey-based Study
Rate level of concerns /Questionnaires
Anticipate age-related problems
5 years in the future
Variables:
Well-being scale
Household income
Future concerns measures
Financial resources
Health Concerns
Employment concerns
"The Baby Boomers will have more negative concerns about the future when compared to their counterparts, even after subjective well-being, and other predictors, such as health and finances, are taken into account" (Adams-Price et. al., 2013, p. 5).
Hypothesis
Is the effects of higher concerns has any associations or is it unrelated with:
1. Objective Factors (Income and Health)
2. Function of having low subjective well-being
3. Cohort Specific (Baby Boomer cohort)

Results/Main Point # 2
Presented by Kinnaly Amodio
Journal of Applied Gerontology
Summary
Problems and Concerns
 Unrelated to income
 Associated with low subjective well-being
 Associated with being a member of the Baby Boomer cohort
High Concerns on Finance
Future Health Concerns
 Unrelated to income
 Associated with low subjective well-being
 Unrelated to being a member of the Baby Boomer cohort
Strength & Weakness
High Concerns on Employment
Thank you !
Compare future concerns between the
Baby Boomer cohort
Nearing 65 years old, born between 1947 and 1956
Young-old cohort
Reached 65 year old, born between 1936 and 1946

Compared age differences
Determine the degree to which future concerns would have been influenced by the low subjective well -being
Purpose 1:
Purpose 2:
To determine if the higher concerns were determined by:
Objective factors such as income and health
Subjective well-being typical of late middle age
Associate with being in the Baby Boomer Group 
Future Concerns:
Financial Concerns
Health Concerns
Employment Concerns
2 purposes
 Associated with income
 Associated with low subjective well-being
 Associated with being a member of the Baby Boomer cohort

Influential Factors:
Age Effects

Period Effects

Cohort Effects
Definition:
the tendency of negative events to have an enduring and multiplying impact over the life course
Examples:
1. Early wave Baby Boomers (1946 to 1955

2. Late Wave Baby Boomers (1956 to 1965)
Example in article: 2 cohorts
Early wave Baby Boomer
Economic Recessions
Political Uncertainties
Major life transitions
Strength:
Introduction

Weakness:
Designs and Method

(or concerns that are more negative)
Anxiety and Financial Planning
Anxiety among the Baby Boomers
Uncertainty about entitlement
e.g., Medicare, Medicaid, Social Security
Shear size of cohort
Social programs may change in the future

Fears on Financial Future
Impaired judgement
Risk for making poorer decisions

Anxiety about the Future
lead to depress
lead to physical illness
Cumulative Disadvantage Theory
Jargon
Research Designs
Dislikes:
Likes:
Topics of Articles
MANOVA
Results were intriguing
Full transcript