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Reply to "Can we expect waves of baby boomers to start retiring in the next few years?"
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[quote=Anonymous]I think it depends on the field. Perhaps like you, I have lived my life in the shadow of the baby boomers ahead of me. The have defined culture, norms and work by their huge numbers. If we always lived in 'normal', average times the boomers would be retiring in big numbers. And they are! Many are sticking around in one way or another, clogging up the career paths of younger workers. Certainly in DC and, to a somewhat less degree elsewhere, older workers can be productive and even preferred to younger workers (we aren't running a steel mill here). A 65 year old with numerous connections and lots of experience may be perfect for a lot of situations. The Social Security Administration states that more than half of retirees get more than half their income from Social Security. So there you have it; they don't have to retire and a lot of them don't feel like they can afford to retire. They aren't going anywhere soon.[/quote]
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