Executive Briefings

Many Baby Boomers Look to 'Redefine' Retirement: Stay in Workforce in Some Capacity

Each day, another 10,000 Baby Boomers turn retirement age. Their eventual retirement will have an impact on the job market, candidate pool and economy. While past predictions had the mass exodus underway by now, that's not happening. In fact, a significant percentage of Baby Boomers are not leaving the workforce just yet.

Many Baby Boomers Look to 'Redefine' Retirement: Stay in Workforce in Some Capacity

According to a study conducted by the Insured Retirement Institute (IRI), a nonprofit trade group selling retirement-related investment products, Baby Boomers have other plans:

"¢ 21% of working boomers have postponed their retirement.

"¢ In 2013, 18% of boomers said they were planning to retire at age 70 or later, up from 11% in 2011.

"¢ In 2013, 6% of boomers said they plan to retire in their 50s, down from 9% in 2011.

Many boomers are looking to find their place in today's material handling job market. What they're hoping for is a position that would fit their years of experience but suit their new set of needs. They're redefining retirement and want to continue working and contributing but on their own terms.

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Keywords: supply chain jobs, material handling industry, material handling jobs, Baby boomers delaying retirement, redefining retirement, supply chain management

According to a study conducted by the Insured Retirement Institute (IRI), a nonprofit trade group selling retirement-related investment products, Baby Boomers have other plans:

"¢ 21% of working boomers have postponed their retirement.

"¢ In 2013, 18% of boomers said they were planning to retire at age 70 or later, up from 11% in 2011.

"¢ In 2013, 6% of boomers said they plan to retire in their 50s, down from 9% in 2011.

Many boomers are looking to find their place in today's material handling job market. What they're hoping for is a position that would fit their years of experience but suit their new set of needs. They're redefining retirement and want to continue working and contributing but on their own terms.

Read Full Article


Keywords: supply chain jobs, material handling industry, material handling jobs, Baby boomers delaying retirement, redefining retirement, supply chain management

Many Baby Boomers Look to 'Redefine' Retirement: Stay in Workforce in Some Capacity