The baby boomers’ parting gift to the workforce: One last mess
Baby boomers are entering their final years in the workforce, and their relationships with their employers are changing. Some companies are considering offering older workers partial-year employment and shorter hours. By Andrew Van Dam Andrew Van Dam Reporter focusing on economic data Email Bio Follow March 1 at 7:00 AM The youngest baby boomers are around 55 years old. The oldest are in their 70s. Most Americans don’t remember a workforce without the largest generation.
The survey included 143 human resources managers at companies that, together, employ about 2.9 million people. It was analyzed in a working paper circulated in February by the National Bureau of Economic Research. The age required for full Social Security benefits has also risen. Americans born before 1937 became eligible for full Social Security benefits at age 65. By the time the oldest boomers were born in 1946, the standard retirement age had risen to 66. Boomers and others born after 1960 won’t get full benefits until 67. Workers aren’t always transparent with their employers about their plans, said Alan Glickstein, a managing director at Willis Towers Watson who helped oversee the survey.
“You kind of wonder what retirement is anymore,” Glickstein said. There’s no longer “a magic moment when you stop working entirely,” he added.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A ‘substantial’ number of baby boomers jeopardize their retirement by doing thisA 'substantial' number of baby boomers jeopardize their retirement by doing this
Read more »
Can You Correctly Answer These 8 Pop Culture Questions?Here's Our Weekly Pop Culture Quiz — How Well Can You Do?
Read more »
World's smallest baby boy goes home from Japan hospitalA baby boy weighing just 268 grams (9.45 oz) at birth was sent home after months...
Read more »
20 Great Celebrity #TBT Photos You Should Definitely Check Out This WeekA Hilary Duff baby photo kicks off this week's ThrowbackThursday!
Read more »
J&J resumes production of baby talc in India after tests find no asbestosJohnson & Johnson has resumed production of its baby powder at plants in India a...
Read more »
20 Awesome Celebrity #TBT Photos You Might Have Missed This WeekA Hilary Duff baby photo kicks off this week's ThrowbackThursday!
Read more »