Sunday, December 20, 2009

Revenge of the Baby Boomers: Changing the Face of Retirement

A adventurous new beachcomber of baby boomer entrepreneurs are trading in their "golden years" to actualize new opportunities and alpha agitative businesses.

Tucson, AZ -- Remember if the anticipation of retirement conjured up images of trips to a balmy climate, outings with the grandkids, or amaranthine canicule of golf? Retirement acclimated to be accepted as that time if one slowed down to stop and that appears to smell the accepted roses. However, this angel is rapidly alteration acknowledgment to a adventurous new beachcomber of Baby Boomers, who accept no ambition of affairs up their agitation chairs as they access the aureate years of their declared retirement.

While it may be that Baby Boomers will plan above the binding retirement age of 65 out of necessity, there are a decidedly ample amount of Boomers who, aloft adverse retirement, will “choose” to be active in some new way, shape, or form. Statistically, Boomers are a accumulation of educated, bright, intellectually savvy, individuals, and currently, abounding of them are starting businesses.

As they access the ambitious apple for the aboriginal time, abounding Boomers are advertent that their best client/s ability be the organizations for whom they ahead worked, who are now accommodating to pay for their ability on an outsourced basis. Others are advertent it is a prime time to alpha over and do something they ability accept consistently capital to do, but either didn’t accept the time for in the past, or who wouldn’t crop the accident while they were adopting their families.

The Boomer facts allege for themselves:
·   Boomers are bigger accomplished than antecedent ancestors
·   Boomers are abundant added ready, willing, and able to crop on the challenges of connected application in a assorted plan environment
·   30% of arch bend Boomers, age-old 55-59, accept a bachelor’s amount or higher, which is up 25% from just six years ago, according to Census Bureau statistics.
·   Aging Boomers, as able-bodied as those who are now in their 60’s and 70’s, accept aswell apparent a ability to abide their education. The latest statistics from the Department of Education appearance that the amount of Americans amid the ages of 45 and 69 enrolled in developed apprenticeship classes added 23%, from 22.6 actor in 1995 to 27.9 actor in 1999.
·   Data from the Bureau of Labor Statistics appearance t
hat the amount of Americans 55 to 64 categorized as self-employed in non-agricultural industries has added 29%, from 1,434,000 in July, 2000, to 1,846,000 as of July, 2005. The amount of self-employed 65 and earlier has developed 18%, from 641,000 in 2000 to its accepted akin of 756,000.
·   The better amount of self-employed workers is represented by backward Boomers – those 45 to 54 years-olds who accomplish up about 2.6 million, or 27%, of the nation’s 9.6 actor self-employed.
·   Boomer-and-older entrepreneurs now anniversary for 54 percent of self-employed workers, which is up from 48.5 percent in 2000.

While self-employment was accretion a allotment of Boomers and earlier workers, it was brackish or falling for about every added age group. The better accumulation of self-employed workers in 2000 were the 35-44 year olds, who numbered 2,790,000. Currently, their numbers accept collapsed 15 percent to 2,359,000, while self-employment has risen by alone 1% a allotment of the 25-34 year olds.

Don’t anytime belittle this generation’s appulse on alteration the face of retirement. There are about 76 actor Baby Boomers who were complete afterwards World War II, amid the years of 1946 and 1964. Boomers represent the individual better demographic accumulation in the USA. Boomers are a allotment of the approaching - and they can accept a abstruse appulse on the abridgement – both from the angle of new job conception and by the decreased tax accountability that they represent to the activity force; not to acknowledgment the complacency they can accomplish by accomplishing something that is exciting, motivating, and rewarding.

(Sources: Dept. of Labor – Bureau of Labor Statistics, Challenger, Gray & Christmas, Inc.)

Kathy Szpakowski, is a Baby Boomer, author, speaker, radio personality, trainer, consultant, business coach, and acknowledged business owner, who understands how humans of all ages plan and live, what they value, what motivates them, and ultimately, what makes them tick. For a chargeless self-evaluation and added chargeless eLearning opportunities, visit: www.AchieversLibrary.com/FreeStuff.htm.

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