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Baby Boomers of ColorImplications for Social Work Policy and Practice$
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Melvin Delgado

Print publication date: 2014

Print ISBN-13: 9780231163019

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231163019.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 17 February 2020

Financial Indicators

Financial Indicators

Chapter:
(p.83) 6 Financial Indicators
Source:
Baby Boomers of Color
Author(s):

Melvin Delgado

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231163019.003.0006

This chapter considers the economic and financial status of millions of baby boomers as they face retirement. It describes the financial power of baby boomers, who are widely considered the wealthiest, healthiest, most vigorous, and best formally educated soon-to-be-older adult group in the history of the United States. It looks at the poverty rates of boomers of color, which are dramatically higher when compared to their White, non-Latino/a counterparts. The chapter concludes by posing the question whether retirement is even a viable option for many boomers of color. It argues that old age and retirement will not constitute “golden years” for countless numbers of baby boomers of color. Their economic situation places them in an at-risk category for severe economic hardships and the social and health consequences associated with a low income level.

Keywords:   baby boomers of color, baby boom generation, pensions, retirement income, economic status, poverty rates

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