Why Baby Boomers Refuse to Retire

Five years ago, in 2011, the first wave of the oldest U.S. baby boomers reached the common retirement age of 65. Since then, another 10,000 each day continue to reach this stage in their lives. The U.S. Census Bureau calculates that by 2020, 55.9 million people in the U.S. will be age 65 or older, and by 2030, that number will reach 72.7 million.

Nearly half of boomers still working say they don’t expect to retire until they are 66 or older, including one in 10 who predict they will never retire. How will all these aging boomers thrive in the 21st century? According to many experts on aging, it’s increasingly by staying in the workforce, at the very least on a part-time basis. As noted by Gallup in their “Many Baby Boomers Reluctant to Retire” report, “Nearly half of boomers still working say they don’t expect to retire until they are 66 or older, including one in 10 who predict they will never retire…” Read the full article on the Fast Company website.

Article written by George Lorenzo,  Fast Company
(Photo: diane555/Getty Images)

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