Around 78 million baby boomers will be reaching their golden years in the next two decades. From now until 2030, there will be 76 million boomers who will turn 65 and this will be a strain on many senior organizations, according to The Columbian.
"I don't know how we are possibly going to sustain baby boomers' future, and that's the near future," Vancouver gerontologist Gail Haskett told the news source.
For this reason, baby boomers who are planning for their retirement shouldn't forget to organize a budget, discover if an assisted living facility, nursing home or home care will be a necessity down the road, and also get rid of as much debt as possible, the media outlet reports.
According to the Times-Herald Record, the AARP currently has 37 million members who are over 50 years old, and it is important for these individuals to pay attention to politics as budget cut proposals are continually in the works for Social Security, Medicare and Medicaid.