A video report: Boomers buck
retirement trend by starting small business in record numbers
March 2006 (Medialink) -- The phrase ‘retirement careers’ sounds
like an oxymoron, but the truth is, a lot of folks 50 and older who
call themselves 'retired' are anything but. As the first of the
Boomers celebrate their 60th birthday this year, the reasons to
continue working can vary from financial necessity, to no retirement
plan to even simply needing a purpose or identity.
The U.S. Bureau of Labor Statistics reports that:
Professionals older than 55 are the fastest-growing segment of the
workforce;
By
2012, those workers will constitute 19 percent of the labor force,
up from 14 percent in 2002 and the rates of self-employment rise
with age.
Some older workers have made the transition to self-employment later
in their careers, often as part of the transition to retirement and
many are choosing working from home to be the best option. AARP
recently found those age 50 and above account for 40-percent of the
self-employed in past years.
