BLOG

Baby Boomers Are Not Retiring And The Impact On Small Business

by kelsey_burroughs calendar August 11th, 2020     |     Share   

Baby Boomers are delaying retirement and continuing to stay in the workforce. This trend in postponed retirement can have substantial impact on other generations within the workforce seeking advancement and career changes. According to the ADP Workforce Vitality Report released in June 2017, “[the boomer] age group experienced 4.8 percent job growth during the first quarter of 2017, more than any other age group.” Additionally, the Pew Research Foundation found that “nearly two-thirds of workers older than 65 hold full-time jobs” of 35 hours a week or more. While there are many reasons for the delay in retirement, four primary catalyst include:

About the Author

kelsey_burroughs

See all articles
Share

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Articles

Best Way To Pay Yourself As The Business Owner

Determining a how to pull money from your business is a critical step in small business ownership. Whether you take a draw or a salary, makes little difference if you are a sole proprietor. A combinat...


Navigating The Treacherous Waters Of Small Business Loans

If you own a small business, you’ve no doubt seen those ads promising quick and easy small business loans, usually for large dollar amounts. Should you really take out such a loan? Before you sign t...