Life Insurance Agent/Financial Service Professional

[dkattis]

In 2008, the first of the baby boomers started collecting Social Security pensions and in 2011, they will become eligible for Medicare benefits. By 2030, all the baby boomers will have retired and, compared to 2006, the population supported by social security will have doubled.

I see this as a solid opportunity to enter the life insurance/financial service provider sector. In essence, you are using your entrepreneurial drive and starting your own business and building up clientele.

What are your thoughts on this?

[Unemployed Man]

It is a good industry to get into, although you probably first start generating a list of 100 people you know and from that list how many baby boomers do you know can help you generate your income. In addition ,keep in mind ATM the economy condition can hinder you performance due to the fact that people are saving as much as they can cutting payments as much as they can just to have some cash on hand. Although generally, during the first year some companies will pay you more to keep you motivated during the first year. Try it out and take a risk, if your motivated enough and see a potential opportunity might as well check it out.

[kentroy678]

As the Baby Boomers continue to enter retirement, the U.S. faces one of the most dramatic demographic shifts in its history. The baby boom ran from 1946 to 1960, during which time the fertility rate in the United States was nearly twice its 20th century average. Because a high proportion -- slightly under a quarter -- of the current population was born in that period, their age has a strong influence on the average of the population. Thus the U.S. is, on average, growing older because of the baby boomers. This shift has strong implications for factors that depend on the age distribution of the population, like per-person productivity, health care costs, the savings rate, and social security funding.