Baby Boomers will begin turning 65 in 2011 and 10,000 Baby Boomers will be added every year until 2030. Ami Mejia, speaker at the recent weekly Bainbridge Kiwanis meeting, stated that in 2030, 1 out of every 5 Americans will be a Senior.
Seniors have been hit hard by the recession and current housing market, Mejia stated. Retirement accounts have lost value, some are having to seek employment to supplement their income. The downturn in the housing market has effected the equity value of their homes and with fewer buyers they often have a hard time selling their home and there are more seniors filing for bankruptcy.
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