Can Baby Boomers afford to retire?
There will be a worker shortage with the need for older workers
Public Comments
- Well they cant work forever , those that are still working do so because they can't financially afford to retire. Compulsory superannuation came out in the 1980s so some do not have enough super to retire. It's a big myth that baby boomers are wealthy.
- It is getting difficult to retire early. If you have to wait until you are 67 to get full benefit of social security then baby boomers probably have to continue working until they officially can receive the full amount of their Social Security and pension funds. etc. Some company that works with high technologies are severely in shortage of KNOWLEDGEABLE and experienced workers and they are willing to hire older workers to work as consultant or contractor.
- I don't think so, because the companies will just outsource the jobs to India and/or China. There may be a lot of jobs open at Burger king, but what boomer would work in a fast food place.
- I agree with cowboy. China and India have more cheap labour force.
- i think most have not prepared financially to retire so they will work as long as possible!!!!
