This article about retirement by guest author Kathy Szpakowski emphasizes the bold new wave of baby boomers who are jumping into home business endeavors and pursuing other valuable opportunities, rather than spending their "golden years" in what used to be perceived of as retirement.
I am a baby boomer myself, and the emphasis that's put on "early retirement" for our segment of the population never ceases to amaze me. While the fact remains that out of necessity, some of us will work beyond the mandatory retirement age of 65, a very large number of us will make the choice to be employed in some way well beyond the expected and traditional retirement age. According to statistics, we are a group of bright, intellectually savvy, and educated individuals. As we enter the golden years of our retirement, can we expect to continue to make a difference? Of course we can!
In fact, there is a bold new wave of baby boomer entrepreneurs who are starting a business. For some, the organizations they previously worked for are now willing to pay for their expertise on an outsourced basis and are their best clients. For other boomers, it is a good time to do something they always wanted to do but they either didn't want to take the risk while raising their families, or didn't have time for in the past.
Some of the facts listed below may surprise you. Please take a moment (especially if you are a boomer), and see if you can relate to any of these statistics:
While self-employment was falling or stagnant for almost every other age group, it was expanding among boomers and older workers. In 2000, 35-44 year-olds were the largest group of self-employed workers, numbering 2,790,000. Presently, their numbers have fallen 15% to 2,359,000. At the same time, self-employment among 25-34 year-olds has risen by only 1%.
So what does this tell us? This tells us to never underestimate our generation's impact on changing the face of retirement. Between 1946 and 1964, there were almost 76 million Baby Boomers who were born after World War II. This represents the single largest demographic group in the United States. You and I are a part of the future and we can have a profound impact on the economy, both from the perspective of creating new jobs and by the decreased tax burden that we can represent to the labor force; not to mention the self-satisfaction we can achieve by doing something that is motivating, exciting, and rewarding. Go Boomers!
(Sources: Dept. of Labor - Bureau of Labor Statistics, Challenger, Gray & Christmas, Inc.)
Kathy Szpakowski is a proud baby boomer and an author, speaker, radio personality, trainer, consultant, business coach, and successful business owner, who understands how people of all ages work and live, what they value, what motivates them, and ultimately, what makes them tick.
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