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What Happens When America's Air Traffic Controllers Retire En Masse? – Slate Magazine

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The U.S. is facing a drastic shortage of trained air traffic controllers.

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On Aug. 5, 1981, in response to a massive strike that threatened to ground all of American air travel, President Ronald Reagan fired 11,345 air traffic controllers at airports across the United States. In the immediate aftermath, military controllers filled in, but ultimately, the seasoned, striking controllers were replaced by a group of young upstarts.

Now those upstarts are retiring, and once again we’re facing a drastic shortage of trained air traffic controllers. Last month, the U.S. Department of Transportation’s inspector general issued an alarming report arguing that, in the coming years, it will be difficult for the Federal Aviation Administration to keep fully trained and adequately experienced eyes on radar screens at some of the nation’s busiest airports. The “FAA has not yet established an effective process for balancing training requirements with pending retirements,” the Office of Inspector General says in a statement—even though prior reports had highlighted the same issue in 2012, 2002, and 1986. Even in 1981, when Reagan first lowered the ax, anyone capable of simple math could have seen the issue coming: New hires, all roughly the same age, would eventually retire at roughly the same time. But then and now, very little was done.

This might sound like a minor pain at worst. The labor market tends to sort itself out, after all. If there aren’t enough controllers, then the FAA just has to entice applicants by offering a higher starting wage, right?

Unfortunately, that isn’t happening, and the controller shortage is already here. The FAA has a staffing plan in place for its critical facilities through 2017, but as the Office of Inspector General has pointed out, because trainees often count as full-fledged controllers at air traffic facilities, many are effectively understaffed at this very moment. And, as many control tower managers report, “on-the-job training requirements for trainees limit their contribution.”

Shortages in crucial workforces aren’t limited to air traffic. Across sectors, the aging of the baby boomers is leading to heightened retirement rates. In certain fields, that’s no big deal. Postal workers, for instance, constitute the oldest workforce of any industry, but their retirement will be relatively manageable, because entry-level Postal Service positions don’t require much training.

Retirement is also a relative nonissue for fields with high barriers to entry—as long as those fields contain exceedingly desirable jobs. No one’s worried about a retirement brain drain in the personal tech sector or investment banking, for instance. And in certain medical specializations, such as dermatology, there are plenty of new workers every year.

But almost across the board, jobs that are less than sexy and have high barriers to entry are now practically begging for trained workers. Within medicine, general practitioners and, ironically, geriatricians fall into this category. In the broader economy, entire sectors are experiencing retirement pressure. Take agriculture: As of 2012, the average age of principal farm owners is 58.3; 12 percent of them are older than 75. (Because it’s very expensive to buy a farm or start a new one, the U.S. Department of Agriculture has debuted a service that helps young, well-trained farmers work with older owners toward taking over their farms.)

Energy production and distribution companies—which already rely on an aging workforce that is more than a decade older than the average American worker—are desperate to find new talent. Not even the venerable Hoover Dam is exempt. “Roughly two-fifths of the workforce at the federal facility will be eligible to retire within five years, leaving the Bureau of Reclamation scrambling to recruit and train skilled workers while keeping one of the nation’s most important water and power facilities operational,” the Las Vegas Review-Journal reports.

In these cases and many others, should a large number of older workers retire en masse like they’re threatening to do, even raising wages for entry-level positions wouldn’t necessarily fill the gap left behind, because years of specialized training are required, and there’s a fixed number of trainees in the pipeline. It adds up to a system that’s not flexible enough to respond to the sudden changes that are very likely on the way. And in the meantime, the nation’s lights need to be kept on, the sick need to be healed, and aircraft need to be kept in the air. A three- to five-year period with understaffed vital economic areas, from air traffic control towers to wheat fields, is simply not an option.

Despite its birthrate, which is well below the replacement rate, the United States is in much better demographic shape than many other developed countries. Most importantly, it does not have a shrinking population—a fact it owes almost entirely to immigration. In countries such as Italy, Japan, and Germany, population loss is direr, and the lack of young workers in key roles is more acutely felt. In Germany, for instance, 2 out of 3 small- to medium-sized firms surveyed told accountancy firm Ernst and Young that it was difficult to find qualified workers. More than half of those surveyed said they believed the country’s recent influx of refugees from Syria would help alleviate the shortage.

Even the U.S.’s robust immigration can’t help the defense industry, whose classified work—involving positions ranging from office workers to engineers to welders—often requires extensive background checks and U.S. citizenship. And in other fields, no one wants to do those jobs, period. Even the last professionals you’ll ever encounter—funeral directors and morticians—are well into their 50s on average and aren’t being replaced as they retire.

Perhaps the most striking thing about the waves of retirements now facing the U.S. is how predictable it all has been. The government and private sector alike should have been actively working to counteract these forces, shepherding students to specialize in high-value, low-visibility fields. Instead, we may well face a harrowing stretch of years when our most expert professionals go missing from the positions where they’re needed most.

Contributing to the problem are attractive fields such as investment banking and computer programming. (Wall Street firms, which are taking measures to avoid losing top talent to Silicon Valley, still have no trouble filling entry-level seats.) Part is due to a communication breakdown between demographers and the general public. To the extent that the need for science, technology, engineering, and math training gets through to students, vital information about what to do with that training doesn’t. Proficiency in STEM alone does not guarantee a career that is mission-critical to a functioning society.

But the bulk of the issue is far is simpler: We don’t like to think about old age and what it means. The media generally doesn’t want to cover it, and people don’t want to read about it. It’s just a little too real and makes us just a little too uncomfortable. So, far too often, we grapple with the broad effects of aging only when it’s too late to avoid a bad outcome.

In the near future, thanks to declining birth rates, the aging of the baby boom, and extended longevity, more of the population will be older than ever before. Let’s not ignore what’s perhaps the biggest fully predictable change we’re facing as a society, simply because old age is challenging to think about. Life begins, and life ends. Once we accept that, we can work to make sure that what we do in the middle is as worthwhile as it can possibly be.

Baby Boomers Now Labeled Zoomers

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Gerontologist Coins New Term, “ZOOMER”

Did you know that there is a new term for baby boomers?

According to Gerontologist Dr. David J. Demko they are called zoomers. These are a totally new kind of boomer, they are boomers who break retirement tradition.

Demko says these new boomers are coloring outside the lines, zig-zaging and zoooooming toward a bright new horizon chock-full of possibilities for reinventing retirement and redefining what it means to be a mature adult in the new millennium.

Are you a BOOMER?

You are if your birthday falls between 1946 and 1964. That birth period defines you as one America’s the Post-World-War-II Baby Boomers. However, birth dates alone don’t tell you much about how a person thinks or acts. Not all Boomers think and act the same.

Some Boomers are breaking new ground, re-defining aging and re-inventing retirement. That’s why Demko coined the term ZOOMER to identify this trend-setting group of Boomers.

It is anticipated that there will be one million boomers that will live to 100 years of age. The question is, will you be one of them?

There are some things you can do to ensure that you will be someone who will be living a long, satisfying life of a zoomer.

  • You will know difference between primary (inevitable) aging and secondary (reversible) aging.
  • Daily exercise (aerobics for endurance, anaerobics for strength, and neurobics for brain power
  • You will be aware of your daily nutritional and caloric needs based you age, gender, and weight
  • You will be involved in a social support system of companions, close friends, and confidante
  • You will have a positive self-concept, and a passion for living life to the fullest
  • You will have the necessary resources to live an adventurous life thanks to sound retirement plannin Become a part of the Retirement Renaissance… a bold, new brand of maturity… advocating spirited, adventurous lifestyles

Baby Boomer Blast from the Past!

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I predict, quality of life illusions about a Baby Boomer Retirement, could be seen as a depressing thing. Perhaps by association, many are predicting that another passage in life has to be a minute before the wheelchairs and graveyards.

Quite the contrary! The first generation, Baby Boomers, 1946-1964, are about to retire; and actually, we are quite the spunky crowd, proud of our title and our future potential. Why?

Baby Boomers are high spirited junkies of life, living out every moment as we have throughout the years. We lived in self-indulged ignorance of anything holding us back from living life to the fullest. What year do you think the classic TV show, “The Best Years of our Lives” originated, yet here it is, still being shown every Christmas to date. It identifies with all generations, and illustrates that whatever the gloom and doom any era is presented with, it is, and always will be, “the best years of our lives.” This best loved number #1 show was created and aired in 1946.

In addition, Dr. Benjamin Spock was the American Idol of Parents, embraced by nervously quivering Baby Boomers who celebrated their first born child at the time. Like many things that grow old from generation to generation, Spock’s idea’s became worn and bested by psychologists and Parents who knew better, but Boomers rally the hero of our time when we needed that advice from the good Doctor.

We could also gripe about how much our beloved, “Tide” cost today, as we sentimentally browse the grocery store aisles, trying to decide to go for the best brand detergent or the cheapest. Our loyalties lie with Tide, because it was the very first detergent also used in the very first automatic washing machine back in 1946. Sentiment wins over poverty…Tide gets all the stains out!

Of course along with the Automatic Washer comes the first Electric Dryer. No more clothes hanging out on clotheslines for hours on end, and caught in the rain before we could hurriedly take them down. So, right out of our automatic washing machines with our Tide clean clothes, they quickly go into our lint-free dryers.

Here is yet another mind boggling thought…featuring the beloved world of ice cream.

In 1946, American’s held the record for eating 714 million gallons of ice cream.

Must have been a very hot year for Boomers in 1946 in more ways than one!

It really is fun to look back on historical events in our lives and grab a smile or two about how things “use” to be, especially things like the cost of “petrol .” That’s a hot issue, so, let’s not go there!

But Boomer Grandparents are generally not your white-haired, cane walking, senile types that give way to sitting around the house watching TV. No, they work out; they are computer literate; they do the “Electric Slide” with the grandkids; and yes, my five-year-old grandson beat me at bowling, tennis and baseball, on the infamous “Wii” game, BUT, I beat him at Golf, so lookout world, the Baby Boomers can, and will, keep up! It is after all, “The Best Years of our Lives!”

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Life Coaching and Baby Boomers, Boom Together

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“Do you need a retirement coach?” was a recent article on money.cnn.com by Paul Keegan a Fortune Magazine contributor. The article covers a coaching session with a successful retired business man named Bud, who has it all. After 38 years of working, he’s has a great girlfriend and the time to spend with her, his kids, grand kids, as well as doing things like traveling and enjoying his pool and multiple sports cars; but Bud says “I felt lost.” referring to his retirement.

There is a massive population of retirees facing the same circumstances and with it, the same feelings. Why is this? Well for starters here in the great USA, we culturally associate our value with our career. We are taught, we are the value of what we do and who we provide for. So, although we are taught to work hard in order to be able to comfortably enjoy our retirement. Most retire and have similar experiences to Bud. A feeling of being lost, unhappy or unsettled.

As has always been the case with baby boomers, they shift the entire market with their dollars and today going forward, those dollars will be looking for purpose, happiness and fulfillment. What’s different with baby boomers, as compared to other generations looking for the same things? Besides their obvious collective purchasing power, in terms of consumption, they’ve already been there and done that. Most of them have bought, owned and sold homes, cars, and every other gadget they’ve wanted. They’ve already had their children and some of them have also had the vacations and experiences they’ve wanted. The rest of the baby boomers will get those experiences out of the way in the first five years of retirement and with the average retiree living 20 years after their working life ends, that leaves a lot of time to fill.

Now, with all that consumption under their proverbial belts, they will be coming into retirement a little wiser than previous generations, about what money and stuff does and doesn’t provide. Now wiser and knowing that the next eight blade razor won’t buy them love and the next Subaru won’t make their family life any more happy…

What will these boomers be looking to for their happiness?

It’s a big questions and it will be coming from some very successful people, just like Bud. People who are well adjusted to our work focused and title driven society. Life Coaches are the only field trained to work with these kinds of people and handle these kinds of questions. Psychologists, therapists, counselors and even doctors are all trained to work with people who are falling behind “normal” they are trained to look for problems, disorders, psychosis and illness.

Baby boomers will be looking into the growing field of life coaching for the type of help which, no generation before has had the luxury of looking.

They will be looking for happiness, fulfillment, peace, passion and purpose! Because of their unique generational experiences, coming into their retirement years, they are really the first generation to be asking provocative questions like…

“What’s the purpose of life, my life?

What am I here for now that I no longer need to earn a living or work to support myself and others?

Now What?!?”

So as the baby boomers have done so many times before, they will drive the market to cater to their needs for purpose, passion, power, love, and freedom in this new phase of their lives and development. We’d be wise to watch what the baby boomers demand in this new phase. They will affect more than the way we all look at retirement. These normal, successful and wise people are not in need of the ‘problem focused’ services of the past. This is why I believe more and more successful American retirees will be turning to Life Coaches verses the consumer products with empty promises. I assert they will shift the way this entire country looks at their work life as well!

Aging Movie Stars Are Baby Boomer Benchmarks

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An interesting benchmark for baby boomers growing old is the movie stars who made the movies we grew up with. Sometimes it happens when you are watching a movie made in the sixties or seventies and you realize how young everybody looks. Sometimes it’s when you see one of those leading men or women today as septuagenarians.

Even if we don’t really feel all that old in other aspects of our life, for some reason seeing the stars of stage and screen – people who we always admired for their photogenic appearance and on screen coolness – living through their own aging process makes ours feel a little more noticeable.

Of course, making a career out of impressing others how good looking you are – not to mention your acting talents of course – has a big downside. Few people remain beautiful forever. That’s why, for the rest of us, getting older is just part of the process of living.

In fact, depending on what you do, or did, for a living, being a part of the aging baby boomer generation can have its benefits. After all, we are the can-do generation. We staked our generational reputation on changing things, and making things happen. It’s how we grew up, and it still persists today.

Sometimes seeing icons like Redford or Streisand can be a little sobering, particularly when you remember them in their heyday. But then seeing guys like Gates or Jobs makes you realize what our generation was able to accomplish. Few people have achieved the success of any of these people, but baby boomers are proud of their accomplishments nevertheless.

It’s important for Boomers not to lose that sense of accomplishment. We still have a lot of life to live and a long way to go. More and more boomers are realizing that even if they could retire – in other words if the Great Recession hadn’t come along and cleaned out their retirement accounts – they probably wouldn’t. There’s still too much to do, too many things to see, too many mountains to climb and too many challenges to conquer.

Boomers are the generation that coined the term “couch potato” and we are also the generation that unilaterally decided that being a couch potato is an unacceptable past time. Boomers love to get out and about. Boomers want to make things happen.

That’s why so many boomers are turning their personal passions into personal businesses. They get to do what they love to do, and then to make money doing it. For a lot of people today, it doesn’t get any better than that.

Many experts agree that movement is a fundamental part of living a long life. The more active you are, the healthier you stay. Sitting around all day pondering all of the years gone by is a sure way to shorten the number of years to come.

It’s time to join the boomer party. Regardless of where you are in your career – whether you’re winding it down, or finished with it altogether – it’s time to start a new one. Find something you love and make it happen. Even if you’re an aging movie star, you still have plenty of time left.

Active Baby Boomers Interested in Purchasing Second Home While Older Boomers Want to Downsize

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Baby Boomers are about to explode in numbers into the retiring population, changing the face of aging in the United States. Active Baby Boomers are generally 47-54 and still in the workforce. Older Baby Boomers (56-64) are either retiring early or preparing for retirement. According to an article on Realtor.com, “The Boomer Effect” by author John Van Gieson, statistics forecast 10,000 Baby Boomers a day will retire in the next 20 years. This sets the stage for the doubling of the aging population in the decades to come. Because of the implosion this will create on the American economy and Social Security and Medicare, this aging Boomer population has been dubbed the ‘silver tsunami.’

At the same time this population ages, life expectancy is extended for this group largely because of medical technology. This combination of factors sets the stage for a very particular group with specific housing needs pre and post retirement.

Though some Boomers may have lost property and jobs during the recession, many held onto their homes and kept equity in their homes. The financially secure Baby Boomers are ready to make a move or an investment. As the real estate market continues to repair from the great recession, some of these Boomers are considering a move now. This may involve downsizing from a large family home to a property with no exterior maintenance. Meanwhile, many Active Boomers, looking onward towards retirement, desire second homes and investment properties.

What geographic areas in the U.S. will the silver tsunami prefer?

Some Boomers may purchase property in Florida. But Florida will no longer be the mecca for retired homeowners, as it was for many years. Current trends indicate this generation of Boomers will tend to purchase properties in the Mid-South region in places like Virginia, the Carolinas and Tennessee.

Virginia Homes for Sale Desirable for Boomers

According to the U.S. Census, population across the state of Virginia grew 3.2% between 2010 and 2013. In my own geographic region, Williamsburg and James City County, population increased 5.2% during the same time period. Williamsburg, James City and York Counties have always been popular retirement locations, and as statistics indicate – this trend will continue. The historic triangle is a popular place in Virginia to purchase a home because the region is family oriented, rich in history, and has ample dining and entertainment opportunities, with easy access to larger urban areas such as Hampton, Newport News, Norfolk and Richmond.

Virginia Recommended for Retirement by Marketwatch.com

In 2013, a writer from Marketwatch.com, a savvy online financial publication, recommended locations across the Commonwealth of Virginia as ideal for retirement. Locations included: Virginia Beach, Williamsburg, Roanoke, Winchester and Charlottesville. Virginia’s low(er) property tax rates compared to Northeastern states, its central location in the Mid-South (making it convenient to Northern cities and states) and its mild climate with four seasons were cited as reasons for retiring here.

Current trends in purchasing real estate for the Baby Boomers: Aging in Place

The aging in place lifestyle is a desirable one for many, especially those who do not wish to end up in retirement communities, but would rather be in their own home while they age. For the Boomer who wants to age in place, selecting the right property will allow this person this choice, without moving. First floor dwellings with attached garages as well as no exterior maintenance of a property are some characteristics of a residence where one may easily age in place. Boomers are also looking for homes convenient to shopping, doctors, children and grandchildren.

How are Boomers’ Housing Needs Defined?

Often a Boomer’s housing needs close to or nearing retirement will shift. Many will require less space than the family home once provided, – perhaps considering a 1,000-2,000 square feet home rather than 3,000-4,000. Preference will be given to homes with easy entrance and exits on the first floor with none – or very few – steps.

For the Boomer wanting to purchase a second home intended as a retirement property for a full time residence at a later date, the same parameters may apply. A desirable location in a quiet area with low property taxes (maybe even out-of-state) will be the most likely impetus for a move for many Boomers.

As the Baby Boomers mature and become the ‘silver tsunami,’ expected lifespans are lengthening, too. So, if a Boomer retires at 60 or 65, he or she may enjoy another 15 to 20 years of independence, provided good health prevails. Choosing the right housing for retirement is an important decision that will potentially impact a Boomer for decades to come and should be thought out carefully. Rely on a professional REALTOR to help make the right choice in purchasing a home for retirement.

Baby Boomer Retirement – What is Different About Baby Boomers Retiring?

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76 million baby boomers will reach retirement age in the next 18 years. Baby boomers being defined as those born between 1946 and 1964.

They comprise the largest population group in US history, 28% of the current citizenry. Never has a single group been more targeted by advertisers and marketers.

As far as baby boomer retirement is concerned, the current US economy has some wondering if they can ever retire. Poor interest rates on savings, poor stock market performance, have encouraged consumption at the expense of the retirement nest egg.

As a result, 25% have no retirement savings; another 25% has $25,000 or less. Consequently, 72% of baby boomers expect to be working in retirement. Not what they had planned but a reality nonetheless.

Retiring boomers still want sun and sand in their retirement plans…Arizona, Florida and the Carolinas being the favorite states to retire to in 2010.

More and more will choose to relocate overseas for their retirement. The countries closest to the US, that offer frugal retirement living are Mexico (the most popular), Panama, Belize, Costa Rica, and Ecuador. Uruguay, Argentina and Brazil are also becoming popular with baby boomers retiring.

In these countries you can expect to live well on $2,000 a month…some as little as $1,000 a month. If traditional retirement, not working, appeals to you consider going south of the border. With domestic help being available for $200 a month in most of these countries…your boomer retirement lifestyle can be considered a better lifestyle, than how you live now.

Do not let health care be thought of as a negative in these countries…it is good to excellent at a fraction of the cost that you pay in the US.

For instance, in Costa Rica, with 50,000 Americans living there now, health care is exceptional with the advantage of small clinics and getting prescription drugs from a pharmacist instead of requiring a trip to the doctor. Panama recently opened a Mayo Clinic.

Some say there is no place like home. Fine, but you will be much more likely to have to work in retirement than those that choose to retire overseas. Is it all roses, overseas?…No, it requires a spirit of adventure and some flexibility.

Want to learn more about baby boomer retirement?

Notes @ Noon: QC baby boomers relish pickleball craze – Quad City Times

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Hardcore. That’s just how Michael Loescher rolls. The 51-year-old tried out pickleball — the hybrid racquet sport that combines elements of tennis and ping-pong — about a month ago for the first time.

In the last few weeks, Loescher has read a book about the sport, watched dozens of instructional YouTube clips and registered him and his partner in this weekend’s Winter Iowa Games in Dubuque.

“It’s the only way to do it,” said Loescher, in between practice sessions Tuesday night at the Davenport West YMCA. “I sweat like a dog out here.”

The game, which has been called one of the fastest-growing sports in America, continues to lure swarms of baby boomers to local indoor facilities where they can play for hours on end for just $3.

Most players, including Loescher, who credits the sport’s smaller court for its growth in popularity, typically match up with partners to play doubles.

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Michael Loescher and Kristen Taft, both 51, are partners on and off the pickleball court. They’re competing in the Winter Iowa Games this weekend in Dubuque. 

“I like paddle sports so I thought this would be easy, but I was absolutely wrong,” Kristen Taft, Loescher’s 51-year-old partner on, and off the court, said. “It’s something active we can learn together.”

The Quad-Cities Pickleball Club, which organizes instructional clinics and several drop-in activities every day of the week, now has nearly 400 members.

“It’s definitely a lot of baby boomers,” Vanessa Anderson, a 53-year-old competitor who introduced the game to a friend on Tuesday, added. “If I play for four hours, I run about 10 miles; that’s what my Fitbit says, at least.”

But, according to the fifty-something pickleball enthusiasts, the fast-paced game is starting to attract younger players.

Lillie Klauer, for example, a 16-year-old student at Pleasant Valley High School, recently started playing after her mother introduced her to the sport.

“I run cross country in the fall, and I thought this would be a good way to cross-train,” said Klauer, who noted she’s accustomed to spending time with older folks. “It’s nice even though my friends might make fun of me a little bit.”

Young Iowans back Trump, Sanders

Presidential hopefuls Donald Trump and Bernie Sanders garnered the majority of votes in Tuesday’s statewide Iowa Youth Straw Poll.

More than 50,000 students — in more than 280 schools in more than 80 counties — across Iowa participated in the balloting event organized by Iowa Secretary of State Paul Pate.

In the Republican contest, Trump received 25 percent of the vote in preliminary results, while Sanders tabulated 53 percent of the ballots.

Former Hawkeye had brain trauma

Former NFL and University of Iowa safety Tyler Sash, who died last September at age 27, has been diagnosed with chronic traumatic encephalopathy, or CTE, the Associated Press reports.

CTE, which can be diagnosed only after death, and is linked to repeated brain trauma, has been found in the brains of dozens of former football players.

Sash, who won a Super Bowl during his rookie season with the New York Giants, died from an accidental overdose after mixing two powerful pain medications.

Milan dispensary earns license

Nature’s Treatment of Illinois, located off the Rock Island-Milan Parkway at 973 Tech Drive, became the 25th licensed medical marijuana dispensary in Illinois this week.

Quad-City businessman Matt Stern, who won one of the state’s 56 licenses to sell cannabis nearly a year ago, said he hopes to open on Feb. 8.

Stern plans to hire up to 15 employees, including armed security guards, who will need to be screened by the state before the shop can sell any product.

GO & DO

The second-ranked Augustana men’s basketball squad will host the sixth-rated Elmhurst Bluejays tonight at the Carver Center. Elmhurst handed the 17-1 Vikings its only loss this season in a 77-75 overtime win on Jan. 6. Tipoff is at 7 p.m.

Baby Boomers Are Finishing Work Later

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A recent study by the Federal Reserve revealed that more individuals 55+ years are now working longer. This is a turnaround of the style of a couple of decades earlier. It seems the Baby Boomers are not retiring as early. There are a few reasons:

1. They can not afford to retire. In between higher living expenses yet incomes not increasing to stay up to date with the rising cost of living, there are fewer individuals able to save enough money for retirement.

2. In the U.S. the size of the public debt could suggest a loss of social security benefits at some time in the future. The huge number of individuals qualified for payments is increasing also. Federal government benefits might not be a trusted source of income.

3. With such a multitude of retiring employees but fewer young employees to fill the work, it leaves job vacancies for the older employees to take. What business would not desire seasoned, already educated employees in every industry?

Josh Zumbrun writing for The Wall Street Journal has explained that Americans are working longer but eventually they do get around to retirement. We haven’t returned to the Dark Ages when individuals functioned till they broke down and passed away.

The change in labor force participation that has happened at each age has been biggest for workers in their mid-60s. From age 62 to 65, women are about 10-12 percentage points more likely to work today than in 2000, and men about 6-8 percentage points more likely. These are precisely the years when decisions to continue to work help optimize the size of Social Security payments and the years where some workers may choose to continue working until becoming eligible for Medicare.

Americans’ retirements have been delayed, but not abandoned entirely. Having the financial means to retire is a big part of the story. But the vast majority are still getting to their golden years eventually.

It needs to be explained that the style to work longer is true for both men as well as females. Just what will the future hold for those reaching their 60’s? Will they retire at 65 as their family members did? It’s unlikely as individuals are also living longer now.

Retired life for 30 years is bound to be expensive as well as for some individuals, somewhat boring. I think there will certainly be more individuals altering occupations in mid-life, much as the retiring armed forces do now. The community colleges already offer good training as well as correspondence courses. We see an increase in online courses also. Just what do you believe is ahead for retiring employees and exactly what do you intend to do?

Baby boomer Nails – Uñas difuminadas paso a paso

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