Why not? Boomers have driven the economy since we were born. Our love of toys in the 50’s & 60’s created many new companies. You are welcome Hasbro, Fisher-Price, Legos, and Mattel.
With 10,000 Boomers nationwide turning 65 daily across the country, we are facing a labor shortage crisis everywhere. Here in Maine, nearly a third of the population is in the Boomer age range. Some states are worse than others, but nationally 47% of the labor force is 55+ during the decade 2006-2016. The growth in the labor force for ages 16-54 is less than 1%! YIKES! Houston, we have a problem.
A career expert, David DeLong calls them “piling up at the door”.
Here in Maine, the total labor force is 700,000 and with 411,000 people aged 45-64, they will be leaving the workforce in the next 2 decades. Match this with 302,000 residents under the age of 20 years old, this could be a gap of 109,000! And Maine is typical of states across the U.S.
[Read more…] about Boomers to Save the Economy…again.