15 Feb

Baby Boomers – A New Breed

Baby Boomer researchSeventy-eight million Baby Boomers in the United States are going to have — heck they already are having — a huge impact on the way America works.

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).

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  1. Rhea said on February 16th, 2007 at 8:33 am

    I actually think many baby boomers want to retire but they can’t afford to.

    Reply
  2. Anita Campbell said on February 17th, 2007 at 2:11 pm

    Hi Rhea, I agree many Boomers want to leave their corporate grinds, that’s for sure.

    But the statistics support that Boomers remain active and continue to work even after “retiring.” I think quite a few could get by if they wanted to as retired in the official sense, but they are choosing to work shorter hours at something they love.

    Anita

    Reply
  3. BOOMj said on June 1st, 2007 at 8:02 pm

    Just thought I would let you know about a new website dedicated to baby boomers called BOOMj.com that your readers may be interested in. There are many nice sections (health, movies, finance, travel etc.) where you can meet new people as well as keep up on all the latest news, tips and goings on in the world. You guys should check it out if you feel so inclined. See ya.


    BOOMj

    Reply

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