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Popular hobbies and activities with the 50+ crowd range from the cliched (golf, fishing and gardening) to the surprising (brewing, day trading and political activism). And the marketing strategies to reach them in these pursuits are numerous.
Baby Boomers are known for the strong business relationships they created throughout their decades of work. Today many Boomers are reaching out to their communities. They continue to form new kinds of connections, friendships, and alliances, strengthening the role of community in their lives.
Health issues (30%) and health-care costs (38%) are some of the biggest retirement concerns cited by baby boomers. As a result, many baby boomers (23%) are delaying retirement in order to retain their current health-care benefits.
Their primary interests continue to be activities like shopping, traveling, entertaining and socializing. ? Baby Boomers also have more time and money to spend on Leisure activities and hobbies. Quite often those activities and past times that appealed to them when they were younger still appeal to them now.
Worried About Money The latest Pew survey finds that the boomers' glum assessments about their lives overall are matched by relatively high levels of anxiety about their personal finances. Some 55% say it is likely that their incomes will not keep up with the cost of living over the next year.