I was talking to someone at work the other day, someone that didn't know how close I was creeping up to age 50. He suggested that what we really need is for the baby boomers to retire and open up a number of jobs and advancement for the next generation. This would provide openings for the newly graduated. I don't disagree.
What is keeping the older crowd in place is two things. First, their retirement accounts have yet to rebound and the fear has pushed a lot into safer places than the stock market so the growth is even slower. The second problem is that it is virtually impossible to get health affordable health insurance from the age of 50 to 65. The health care package is in jeopardy. So what can the older crowd do except keep on working.
This is an issue that has to be addressed. We need to find a way for the 50-70 year old group to work without clogging up the works for the younger crowd. This is a group that is still vibrant, ready and willing to stay in the workforce and can provide value. A group that needs to keep building up their retirement funds. But also a group that is ready to look at more time off, a need for a slightly lower level of stress, a need for more flexibility as they are often caring for aging parents as well as grown children. We need a new paradigm. My mother, like many of the WWII generation, got early retirement in her fifties that came with a guaranteed income and health insurance that lasted until SS kicked in. Those days are over.
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