Governing Magazine reports that perhaps the best people to replace retiring Baby Boomers on the job are other Baby Boomers looking for work.
There’s evidence to suggest that a good number of today’s retirees will want the work. For one thing, some will have no choice but to earn extra income. That’s partially because of what’s happened to their 401(k)s recently. It’s also because Americans are living longer lives, leading many to work later into life than has been considered normal in the past.
What’s more, many baby boomers simply view retirement differently than their parents did. They don’t want to just play golf and live a life of leisure; they want to engage in purposeful new challenges, whether it’s through volunteering, working part-time jobs or launching what Marc Freedman calls an “encore career.” Freedman is the founder of Civic Ventures, a think tank devoted to aging issues. He says a growing number of seniors see a sweet spot at “the intersection of continuing income and meaningful work.”
I’m probably biased, but it sounds like a good idea. Except for one thing: Where are those jobs?