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Furthermore, large numbers would like semi-retirement arrangements or flexible work schedules. [104] There is an ongoing shift away from pension plans in favor of 401(k) or similar options, which do not mandate retirement at a certain age. [13] The COVID-19 pandemic may have sped up the retirement of some Baby Boomers, however. [105]
The "silver tsunami," or the mass retirement of Boomers, may cause serious changes to our workplaces and incomes. Currently, baby boomers--those aged 65 and older--make up approximately 17% of...
Data shows nearly 6 million more Boomers in the U.S. retired from October 2020 through March of this year than the same period a year prior, creating a larger void than anticipated in an economy ...
Almost 10,000 baby boomers turn 65 every day. The famed generation, defined as those born between 1946 and 1964, is causing something of a stir as they reach retirement age in droves. In 2031, the ...
Boomers -- individuals born between 1946 and 1964 -- represent 21% of the U.S. population, according to Axios. And as The Washington Post reported, from now until 2030, 10,000 baby boomers each day...
In the United States, Pew Research Center reported that the number of Baby Boomers in retirement had increased by 2.3 million in 2020 the largest annual increase since the oldest Baby Boomers turned 65 during 2011. [179] This surge in the number of retirees contributed to the labor shortage as the country recovered from the pandemic. [170]
In fact, a survey of more than 6,300 U.K. adults for Standard Life, part of the nation's largest long-term savings and retirement business, found that 14% of baby boomers and late Gen Xers have ...
Baby boomers, members of the wealthiest generation in history, are beginning to retire in record numbers. Though much has been made about the effect of that on workplaces, its effect on the ...