Retirement? Boomers aren’t ready yet
This generation isn’t just staying in the workforce — some who left are coming back
Retirement isn’t for everybody — or at least not every baby boomer.
The generation closest to retirement isn’t ready to leave the workforce, according to an Express Employment Professional poll of 1,500 U.S. workers between 54 and 72 years old, conducted by Harris Poll. Some have decided to extend their careers, others are dipping their toes into retirement by shifting to part-time work and then there are the retirees who decided they wanted to come back to work after all.
A majority of employed boomers, the generation born between 1946 and 1964, say they’re financially prepared for retirement (about 27% of them say they’re “very” prepared), according to the poll. Almost half had an age in mind for retirement — 66, on average — but for a third of participants, that age was delayed (and only 9% made it earlier). The desire to extend their careers might have to do with how these boomers feel when they are in the office: half or more of those who were still in the workforce said it made them feel knowledgeable, confident and valued.
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