A lot of younger workers are standing around wondering if we baby boomers are ever going to retire. After all, they have the ability to do the jobs so much better and faster, and youth trumps experience, right?
But it looks like the recession, tight housing market, and health care concerns are keeping baby boomers from retiring. A recent Business Week article focuses on why baby boomers aren’t retiring as expected.
The biggest reason: We can’t afford it. With higher prices, falling retirement fund values, higher costs of health care, it just doesn’t make economic sense for a lot of people.
We should all step up and retire to help the economy and make room for those young people who need jobs.
OR, we could quit our jobs and begin new businesses. I’m on a mission to encourage more baby boomers to begin businesses.
Tags: baby boomers, healthcare, retirement planning, retiring
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