Publication Date

10-11-2016

Abstract

[Excerpt] The current generation of retirement eligible workers are staying in the workplace significantly longer than previous generations. As people live longer, they opt to remain in the workplace longer in order to continue earning income and stay engaged mentally. The current and projected future changes in eligibility for Social Security retirement benefits also contributes to the shifting of workplace demographics to much older than the past. Many are continuing to work well into their 60s and 70s. Some of these older workers are switching jobs hoping to be repositioned somewhere that offers new beginnings—perhaps less stress, more flexibility, or more personal fulfillment. Another trend is for older workers to “phase into retirement gradually” by remaining at work while enjoying more flexible work options and responsibilities. This means many are looking for flex work that enables them the option to work from home, preference in hours, and low accountability.

Comments

Suggested Citation
Gaines, J. (2016, October 11). Why are baby boomers staying employed? Cornell HR Review. Retrieved [insert date] from Cornell University, ILR School site: http://digitalcommons.ilr.cornell.edu/chrr/92

Required Publisher Statement
© Cornell HR Review. This article is reproduced here by special permission from the publisher. To view the original version of this article, and to see current articles, visit cornellhrreview.org.

Share

COinS