Tweet
Last week, Fed chairman Alan Greenspan warned that the number of retirees will soon grow so large that it could threaten the nation's ability to fund Social Security and Medicare.
<script type="text/javascript">google_ad_client = "pub-8949118578199171";google_ad_width = 728;google_ad_height = 90;google_ad_format = "728x90_as";google_ad_channel ="";google_color_border = "EAEAEA";google_color_bg = "EAEAEA";google_color_link = "4271B5";google_color_url = "99CC66";google_color_text = "000000";</script>
<center><script type="text/javascript"src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></center>
By 2030, the Census Bureau projects, the population of Americans over age 65 will exceed 70 million, about twice the current number.
So does the burgeoning senior population spell inevitable doom? Maybe not.
The reason is that baby boomers aren't approaching retirement age with an eye toward slowing down. Instead, many boomers intend to remain active, engaged, and gainfully employed. Many who don't have to work, will prefer to work.
"I don't think vibrant and successful people will just sit down and retire," says Susan Ascher, president and CEO of the Ascher Group, a human resources contract staffing firm. "They have a lot of energy and creativity – they're not going to play golf seven days a week."
If 60 becomes the new 40, then, America's 77 million boomers may embrace an oxymoronic concept: the working retirement... [read more at money.cnn.com]
<script type="text/javascript">google_ad_client = "pub-8949118578199171";google_ad_width = 728;google_ad_height = 90;google_ad_format = "728x90_as";google_ad_channel ="";google_color_border = "EAEAEA";google_color_bg = "EAEAEA";google_color_link = "4271B5";google_color_url = "99CC66";google_color_text = "000000";</script>
<center><script type="text/javascript"src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></center>
By 2030, the Census Bureau projects, the population of Americans over age 65 will exceed 70 million, about twice the current number.
So does the burgeoning senior population spell inevitable doom? Maybe not.
The reason is that baby boomers aren't approaching retirement age with an eye toward slowing down. Instead, many boomers intend to remain active, engaged, and gainfully employed. Many who don't have to work, will prefer to work.
"I don't think vibrant and successful people will just sit down and retire," says Susan Ascher, president and CEO of the Ascher Group, a human resources contract staffing firm. "They have a lot of energy and creativity – they're not going to play golf seven days a week."
If 60 becomes the new 40, then, America's 77 million boomers may embrace an oxymoronic concept: the working retirement... [read more at money.cnn.com]
Comment