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But beginning in the 1970s, market share declined inexorably while retiree rolls expanded dramatically.
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The study also showed that while retirees were able to obtain drug coverage from other sources, like private health plans offering Medicare coverage, fewer individuals are buying policies that offer supplemental coverage.
An Australian study that tracked the worldwide purchase of garden products found that middle-aged married couples with relatively high incomes purchased the largest number of garden products and did their shopping at independent garden centres, while retirees made the highest dollar volume of purchases at mass-market discount stores.
And while retirees may be a shorter-term investment for schools than career switchers -- "I don't think I can live long enough to be a master teacher," Mr. Pechter said with a laugh -- they come to the classroom out of a desire to teach, rather than out of frustration with a previous job.
Brokers across the city who have worked with empty nesters moving in from the suburbs say that while retirees may move lock, stock and barrel to be near their grown children and grandchildren, younger boomers may initially use the apartments they buy as pieds-à-terre.
While retirees are required to begin taking annual distributions from pre-tax IRAs when they turn 70.5, no such requirement applies to Roth IRAs.
Considering the latter part of one's career provides a better indication of preferences and, as the average job tenure in our sample of current employees is 21 years (while retirees have spent, on average, 25 years in their last job), we capture a sizeable part of the working life.
One of G.M.'s greatest challenges, along with the fact that it cannot sell enough vehicles at profitable prices, is that its labor force is shrinking while its retiree population swells.
One common current payout system for retirees offers an immediate annual pension at age 50 that provides for life "x" percent for each year of past service, while the retiree pulls down a second income on a new other job.
Political fear also confronted ideology when Representative Paul Ryan dropped his plan to replace the program's fee-for-service structure with a voucher system, inventing instead a nonsensical program that allowed vouchers to co-exist with current Medicare, and all the while reassuring existing retirees that he wouldn't dream of hurting them in his cuts.
Fourth, while married retirees are both alive, the spousal benefit could be reduced.
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