A New Report Shows That 85% Of Baby Boomer’s Plan To Work Into Their 70’s And 80’s
It used to be that people worked until they were about 62 or 65 and then retired. Some earlier, some later. But now more Boomers are claiming they'll work later.
According to a report on the website theladders.com, it's not looking like Baby Boomers, those born between 1946 and 1964, are ready to retire anytime soon.
Deloitte Insights focused on what this is looking like for the U.S. workforce, which is calculated to now house five generations of workers.
Deloitte Insights decided to see who the oldest workers are in the workforce, what they need, and how employers can create jobs for them to occupy.
They found that by 2024, 1 in 4 U.S. workers will be 55 or older.
They also found that 85-percent of Boomers plan to work until they hit their 70's and some of them their 80's, that according to the U.S. Senate's 2017 Special Committee on Aging report also called, "America's Aging Workforce."
You might be like me where you kept your eye on a job you wanted within a company because I knew the current person occupying that job would be retiring soon and would open an opportunity for me.
In my situation, it worked out, but if you're thinking the same thing, don't be discouraged if it takes another 7-10 years for that Baby Boomer co-worker hangs up their time card for the last time.
Many employers are having a hard time with the younger workforce because they don't have enough experience to replace the Boomers occupying current positions today.
If you're a Baby Boomer, are you planning to work into your 70's or 80's? Maybe you're already there or close to approaching that age.
Share your thoughts with us in the comments section below.