Baby Boomers' Legal "Stew"

Between the years of 1946 and 1964 there were 76 million births and, according to the 2005 government census, there were an estimated 78.2 million baby boomers living in the United States. <http://www.census.gov/popest/national/>

The majority of these "Baby Boomers" are now approaching their "golden years" of retirement. In 2006, there were 7,918 turning 60 each day or 330 per hour. http://www.census.gov/ipc/www/usinterimproj/> With the "golden years" comes a variety of legal issues most in this generation have never dealt with before such as wills, living wills, probate issues, possible bankruptcy, retirement packages, inheritance, retirement home agreements, etc. In addition, legal challenges are not only applicable to the baby boomers, but those dealing with this age group. Approximately 76 million are currently employed and, with the recent economic downturn, more are staying in the workforce longer than anytime in U.S. history. These older workers are more expensive to employers who offer medical benefits and, because this age group is protected by Title VII, a growing number of employers face age discrimination cases. According to the Equal Employment Opportunity Commission, American employers have shelled out $66.8 million in monetary awards for age discrimination complaints.

The legal issues pertaining to baby boomers are as varied as the vegetables thrown into a pot when making a stew. For lawyers these issues can be interpreted as being huge business opportunities, but for those experiencing these challenges, it can be troubling. “Stewing” over these issues helps no one, thus the point of this blog is to share knowledge on these legal challenges pertaining to the baby boomers.

DISCLAIMER: The information contained throughout Baby Boomers’ Legal Stew Website is not a substitute for professional advice and does not constitute professional advice nor is conveyed or intended to convey professional advice.