Boomers and Work During "Retirement" Years
By Mark Mills
Polls over the past year indicate that the vast majority of Baby Boomers plan to work after reaching age 65. Many of us will need to work to pay the bills, and many will want to work to stay actively engaged.
Earlier today I did a report on Boomers and work for WBUR radio in Boston. The program is carried on more than 40 public radio stations around the country.
The interview is available as an audio file on WBUR's web site. I invite you to listen.
One note: in the introduction the host said the oldest boomers turn age 65 next year. That should have been age 60.
Polls over the past year indicate that the vast majority of Baby Boomers plan to work after reaching age 65. Many of us will need to work to pay the bills, and many will want to work to stay actively engaged.
Earlier today I did a report on Boomers and work for WBUR radio in Boston. The program is carried on more than 40 public radio stations around the country.
The interview is available as an audio file on WBUR's web site. I invite you to listen.
One note: in the introduction the host said the oldest boomers turn age 65 next year. That should have been age 60.
posted at 2:35 PM
4 Comments:
Actually -- as is so often the case -- the representation that boomers are unique in looking to continue working after retirement is erroneous. In Serving the Ageless Market which I wrote in the late 1980s, I reported an AARP study indicating that two out of three men over 65 wanted to go back to work. Moreover, over a third of men 60 and over indicated a desire to open a home-based business.
The more we see in boomers the same characteristics their parents and grandparents had at comparable ages in later life the better we'll understand what is arguably the most misunderstood age cohort in history.
A number of boomers have told me something to the effect, "The older I become the more I see of my mother (or father) in the mirror each morning"
As I tell my audiences, "When Maslow formulated his famous Hierqrchy of Basic Human Needs, he didn't make an exception for boomers. They now have and have always had the same basic needs as people at comparable ages have had for centuries. What differs is boomers styles of needs satisfaction because of vastly greater range of options available to them that were not availablt to their parents and grandparents.
What noone on this blog writes about is the disparity between the wants/needs of boomers to work beyond 65 or 62 or whatever....and the workplace's eagerness to have these aging workers except in relatively low paying positions. Abigail Trafford who writes for the Washington Post recently wrote a terrific article on just this subject saying that while the worker has changed, the definition of retirement has changed, the need to work longer financially is there, the government wants us to work longer to reduce Social Security expenses, etc. etc.....the only one who isn't in on the change is the employer. My husband was let go from a senior management....VP Information Systems, 10 days before his 60th birthday and a 45 year old put in his place...7 months later, he is still looking for work. That is the reality.
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