“Retirees” set to outnumber newly hired…


Hmmm. Talk about a paradigm shift! Well, I’ve been talking about a paradigm shift (in this blog and elsewhere) for some time now but now we’ve got some hard core demographic stats that can’t be ignored.

Front page in yesterday’s Globe and Mail, the headline reads: “Baby bust: In the first, the newly retired outnumber the newly hired”

According to Statscan’s demographic division, at some point this year, the number of 15-24 year-olds will slip below the number of 55-64 year-olds.

Raises a lot of questions:

For boomers – will this cohort of ‘older’ workers influence the employment landscape to abolish (or reduce) ageism as employers struggle to retain talent?  And boomers – do you want to stay on in the workforce? Do you have to stay on due to financial reasons? What are your plans for staying on….change careers? Modify? Tweak? Or keep things exactly as they are for a while? If scaling back, what does your work-life portfolio look like?

Lots of questions with a call for planning. These are indeed interesting times!

To your UNretiredLife!

Eileen

 

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