Baby Boomers – A New Breed
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- February 15th, 2007
CapGemini is the latest group to come out with a white paper about Baby Boomers. According to CapGemini, this sums up the labor implications of the aging Boomer population:
The number of workers-to-retiree ratio will drop from five workers for every retired person in the year 2000 to 3 workers for each retired person by 2050. The implications of this are manifold. On one hand, an exodus of 76 million people over a 25 year period is going to deplete corporate America of its most experienced and expert work force. On the other hand, younger workers will get less mentoring and hands-on experience before they are asked to take on bigger responsibilities. The retiree-to-worker ratio will strain the social security system and other government entitlement programs. Last but not least; the baby boomer retiree will not go away into the sunset quietly. Instead, they may work part-time or full-time for several years and may transform America into a part-time, free agent nation.
Yep, it’s true. No one wants to “retire” anymore.
We Boomers want to continue working, but we are making personal choices. We want extreme flexibility in our personal lives. Consequently, few of us choose the old 50 – 60 hour workweek grind. Once we reach Boomer age, we feel the freedom to take back control of our lives and still work. That’s what second-age entrepreneurship is all about.
While the CapGemini white paper is rather broad and covers more than Boomer entrepreneurs, it may open your eyes to some ways Boomers are changing. It does a pretty good job of painting a picture of a tech savvy, young-acting segment of the population, despite chronological years. They are not your grandfather’s grandfather anymore.
And you can expect to see a lot more of them in the ranks of small business owners.
Download The Boomer Effect: The Impact of Baby Boomer Retirement on Corporate America (PDF opens in new window – requires free registration).