ONLINE News Briefs

May 10, 2002

Teens, Retirement

 

ONLINE News Briefs

Teens: Michael and Britney are out; you're in

Being a physician is the top career choice of middle and high school students, says a survey conducted by Junior Achievement, an organization that provides business education. Nearly 10 percent of the 1,500 responding teenagers said they wanted to become a doctor. The second most popular job was businessperson or business owner, followed by professional athlete, teacher, and entertainer.

The teens that participated in the survey are a confident lot. About two-thirds expect to meet their career goals. Nearly two out of three boys also expect to make at least $1 million a year by they time they’re 40. The girls were just a little more realistic. Only one in three thinks she’ll make a million a year by age 40.

Despite their financial expectations, the teenagers say they value family and relaxation more than high earnings. More than 60 percent say they would rather have a career that lets them spend time with family and have fun, even if it means making less money.

Retirement: What will you do to keep busy?

The activity most baby boomers are looking forward to when they retire is travel, says a survey conducted for Allstate Financial, an insurance and investment product company. Baby boomers who responded to the survey plan to spend an average of nearly $8,000 a year on travel. The next most popular retirement dreams are spending time with family and working on hobbies. The survey polled people born between 1946 and 1961, with household incomes of $35,000 to $100,000.

 

Top retirement activities of baby boomers

Rank

Activity

Average estimated
annual spending

1

Traveling

$7,700

2

Family activities

3,900

3

Hobbies

2,200

4

Gardening

1,500

5

Fishing

2,700

6

Golfing

3,500

7

Volunteering

2,000

8

Reading

900

9

Exercising

1,500

10

Home improvement

7,000

 



Yvonne Wollenberg. ONLINE News Briefs.

Medical Economics

2002;9.

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