Baby boomers say on average, they will get “old” at age 78, a U.S. survey found. The MetLife Mature Market Institute survey polled boomers born in 1946, those who can now apply for regular retirement benefits from Social Security.

Seventy-seven percent of boomers born in 1946 say they are in good to excellent health. Their net worth — excluding home value — is an average of $257,800 and their average annual income is approximately $71,400.

Born after Jan 1, 1946, baby boomers are said to be no longer young but not quite old. Did you know that one in nine baby boomers will live to be 100, compared to one in 500 in their grandparents’ generation? It’s no wonder the feds are getting nervous about Social Security funding and paying out earned benefits to the millions of oncoming qualifiers.

The good news for Boomers is that those who reach their 65th birthday in 2011 have a life expectancy of 18-plus additional years, and this statistic is getting the attention of many health insurance providers. Many lack healthcare coverage to pay for necessary medications. For these reasons many recently retired Boomers are now returning to the workplace to acquire additional healthcare benefits. This group has been tagged as Boomerangers. Some work for no pay but negotiate head-to-toe health coverage at no out-of-pocket cost.

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