Baby Boomers Seek Meaningful Encore Careers
Posted On September 13, 2012
Many Baby Boomers are working past retirement by starting a second, or “encore,” career. Encore.org reports that 9 million Boomers have already launched their retirement careers. That’s about 10% and well more than the number of Boomers who have reached official retirement age.
In their encore careers, Boomers are often looking to do something meaningful or “make a difference.” In that respect, they mirror Millennials who favor jobs that have a purpose or social conscience.
Non-profits, education, and community work are obvious choices for meaningful work but Boomers are also finding meaning in starting their own businesses. Leading Edge (older) Boomers now have a higher rate of entrepreneurship than Millennials, accounting for nearly a quarter of all new business startups.