Monday, September 14, 2009

Boomers Retirement.

I have been so busy with real estate business as well as my part time consulting in IT field. I just saw that the last time I updated this blog was in March 2009.

I think may be it is in keeping with the time. Boomers Retirement is oxymoron. boomers can not afford to retire even if they reach 62 and are eligibla for Social Security. Younger boomers who are in their 50s definitely still need to work.

More boomers and seniors are putting off retirement and many work not because they want to but because they have to.

According to Paul Taylor, executive vice president of the Pew Research Center, "Four in 10 folks still working in their 60s say they will have to delay their retirement because of the recession,"

The new report also stated that during the next decade 93 percent of the growth in the U.S. labor force will be made up of people 55 and older.

Here is the link to the article:

Recession Turns a Graying Office Grayer
America’s Changing Work Force

September 3, 2009

According to the Pew Research survey, nearly four-in-ten adults who are working past the median retirement age of 62 say they have delayed their retirement because of the recession. Among workers ages 50 to 61, fully 63% say they might have to push back their expected retirement date because of current economic conditions

1 comment:

Unknown said...

Thanks for this post. I have been speaking to boomers, who have been adversely affected by the recession. In fact, I will be conducting mini-seminars in the Career Center at the AARP Convention in October based on my book, Branding Yourself After Age 50.

Many boomers are looking for work for the first time in 20 years and do not know how to brand or market themselves in this economy. They must embrace social media as one of the quickest and most effective ways to brand themselves as a product; they also must continue to employ traditional forms of networking--but, perhaps in nontraditional places. One of the funniest things that I have noticed is that people looking for jobs tend to network with other people looking for jobs. They must go to where those who are gainfully employed are talking about industry trends and new industry products--conferences and association meetings, so that the job hunter can be on top of what is going on in the industries that they are interested in--as well as meeting people who may be looking for folks with their expertise.

Marva Goldsmith