The greatest generation might have had a lower, but many of its members also had corporate or union pensions—which could be considerable, after working for a lifetime for the same employer, as was once common. But the economy changed, many large corporations merged or disappeared, and unions dropped from 20.1% of workers in 1983 to. What's more, traditional have been largely phased out now, giving way to 401(k) plans, IRAs, and other investment vehicles that put the onus on saving on the individual. Because they were the first generation to encounter these changes, most boomers didn't start saving enough or early enough. Boomers, who came of age during the freewheeling 1960s and 1970s, often project an image that they will stay active forever—and indeed, many are in better shape than their forebears at the same age. Still, the human body isn't invulnerable.

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Watch a brief video on the hugely influential Baby Boomers — the generation of Americans born during the post-World War II period between 1946 and 1964.

Obesity, diabetes, hypertension, and high cholesterol are inevitably all on the rise in the boomer population. Cancer and heart disease are the leading cause of death. And then there's dementia:, it is estimated that 1 in 6 women, and 1 in 10 men who live past the age of 55 will develop dementia in their lifetime.