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Many Baby Boomers Reluctant to Retire

If you are 50 years or older this year, you are a baby boomer.  You are part of the largest generation and you and your demographic cohort have been making waves and will continue to do so well past mid century into the 2050s.   Ironically, the baby boomers made much of their generational ruckus by not getting along with their parents and the lifestyle given to them by those parents which they proceeded to tear asunder.  Well, it appears that the boomers are at it once again, making waves, changing the lifestyle of previous “Seniors” and once again creating a conflict between the old and the young… This time it is the boomers who are the elders and, once again, they are in conflict—this time with the generation behind them.  They are refusing to leave a job market that has already been quite harsh to the generations behind the boomers ….

“True to their \”live to work\” reputation, some baby boomers are digging in their heels at the workplace as they approach the traditional retirement age of 65. While the average age at which U.S. retirees say they retired has risen steadily from 57 to 61 in the past two decades, boomers — the youngest of whom will turn 50 this year — will likely extend it even further. Nearly half (49%) of boomers still working say they don\’t expect to retire until they are 66 or …”

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Filed under: Aging, Blogosphere, Data Trends - American Demographics and Public Opinion, Demographic Change, Job Sector, News, Parenting

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