I understand what the common image of "retiree" is and like most other stereotypes there was, once, a basis for it. But today's seniors are not necessarily like their ancestors. Unlike my parents generation and the one prior to it seniors today tend to have much more financial independence. They tend to be in better health. Their idea of retirement is not sitting on the porch watching others have all the fun. Go to the better restaurants in the Phoenix metro area on any evening and the gray-haired patrons will vastly outnumber youngsters except in the pick-up joints of East Snottsdale. The cars parked out front are most likely newer and the customers tend to be regulars. Their homes are paid off and their investments are again providing the means for a comfortable living. This is just perhaps the largest, and last, retirement generation to have this level of financial security.
Contrary to popular advertising (and belief) most of us spend money on travel and not walk-in bathtubs. In the past two years I have bought two new vehicles, a luxury sedan and a slightly more modest SUV. I spent just short of $100K on home modernization and upgrades. My wife (and kids most of the time) eat out at least once per week and frequently more than that. In short.....I earned it. I saved it. I invested it. And now I am spending it. I realize I am not the most common of retirees but there are a ton of us and virtually none of us fit the old rocking chair stereotype. As more Boomers age into retirement there will be even more - and a significant number of those are supporting either their parents or their children making them constant customers of all manner of advertised goods instead of just denture adhesive. The smart advertisers are making contact with us. The others tend to ignore us at their financial peril.
As I age and talk with my peers one thing stands out and that is, we really don't change all that much. That old guy or gal in the mirror is just a face with "experience" written all over it. What excited us about life back then still does and although we are not as fast as once we were we still get there. While there will always be a market for geriatric products and services it does not include the vast majority of those we call seniors or retirees. We may be older but we still make up a sizeable crowd at the baseball game......right after I take my medicine.