It seems we baby boomers are getting some deserved recognition in the job market, at least by some retailers. This is great news for baby boomers out there that don’t want to retire and put their feet up. It seems some boomers want to remain an active full or part-time member of the workforce for some time yet.

Here is an extract from pe.com;

Whether it’s a lifestyle choice or because of pressing financial need, experts say the leading edge of the baby boom generation is staying on the job past the traditional retirement age.

Companies are finding that an old-fashioned work ethic is still valuable, and so is a familiar face. Retailers recognize the benefit of a work force whose demographics match those of their shoppers. The result? A work force that increasingly resembles their customers.

This is a great article giving some statistics as well as a personal note. For a complete read click here on baby boomer retirement.

Here are some fascinating stats about boomers and retirement. I was bowled over when I read that 17.9% of us are already retired! I am towards the end of the curve - just shows how broad a swag of the population we are.

Well enjoy.

Retirees, Followed By Boomers, Will Redefine Retirement

According to a report from The Media Audit, adults who are nearing retirement are now one of the fastest growing demographics in the country. 17.9% of all U.S. adults are now retired, a figure that has increased by 6% in the last five years and will rapidly increase as Boomers exit the workforce over the next few decades.

Consumption habits of aging Americans are likely very different from those of their predecessors because they are living longer, achieving higher levels of education, are wealthier, and redefining what it means to be retired.

* 83% of the retired adults in the U.S now own their own home
* Thirty percent of retired adults have cash, stocks and CD’s valued at more than $100,000, the highest figure ever reported
* 13.1% of new automobile purchasers are retired, compared to 11.1% five years ago. 8.3% of adults who have a car loan are retired, compared to 6.4% five years ago, an increase of nearly 30%
* 16% of adults who frequently stay in hotels are retired, compared to 14.7% five years ago, a jump of almost 10%
* Among frequent beer consumers, 13% are retired, compared to 11.3% five years ago
* Adults who are retired are 6% more likely than the average U.S. adult to frequently dine out at a full service restaurant and retirees now make up nearly 20% of all adults who frequently dine out.
* 14.3% adults who plan to take an ocean cruise in the next year are retired.

For the rest of the article click here.