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For example, among younger Boomers (ages 46-55), fully half now use social networks, compared with 20% in 2008.
That rate of growth is more rapid than for younger generations.
On matters related to personal finances, economic security and retirement expectations, they feel more damaged by the Great Recession than do older adults.
Adam Ducker, Managing Director of Urban Real Estate for RCLCO, will lead our local experts in a discussion of this report and how it affects the Kansas City market.Join ULI Kansas City for a panel of experts in discussing ULI’s recently published report “Housing in the Evolving American Suburb”.Suburban housing markets are ever expanding as new generations look for areas to meet their needs all while urban revitalizations are also spurring economic growth in housing for both baby boomers and millennials.He has particular depth of expertise in high-density housing, retail/entertainment and hotel development.Adam directs the Urban Real Estate Advisory Group at RCLCO, which is distinguished by: sophistication in forecasting housing, retail/commercial and hospitality demand in revitalizing cities and development corridors; in understanding the unique set of circumstances that create vibrant mixed-use environments; and in the financing mechanisms and public/private partnerships that are relied upon to achieve them. Scott Koenigsdorf Scott has a degree in Construction Science and Management from Kansas State University.Some of this pessimism is related to life cycle – for most people, middle age is the most demanding and stressful time of life.Some of the gloominess, however, appears to be particular to Boomers, who bounded onto the national stage in the 1960s with high hopes for remaking society, but who’ve spent most of their adulthood trailing other age cohorts in overall life satisfaction. Fully 80% say they are dissatisfied with the way things are going in the country today, compared with 60% of those ages 18 to 29 (Millennials); 69% of those ages 30 to 45 (Generation Xers) and 76% of those 65 and older (the Silent and Greatest Generations), according to a Pew Research Center survey taken earlier this month.Boomers are also more downbeat than other adults about the long-term trajectory of their lives – and their children’s.Some 21% say their own standard of living is lower than their parents’ was at the age they are now; among all non-Boomer adults, just 14% feel this way, according to a May 2010 Pew Research survey.Also, more than half (55%) of older Boomers (ages 56-64) now watch online video, compared with 30% in 2008.On the political front, Boomers—like the nation as a whole – have done some partisan switching in recent years.