"Second Act" jobs interest older workers
As more Baby Boomers approach retirement, growing numbers are passing it up in favor of "second act" jobswork during their retirement-age years, whether full- or part-time.
Recent estimates from the US Census Bureau show strong growth in the number of retirement-age Americans, which is putting pressure on pensions and health care programs including Social Security and Medicare. But as this avalanche of Americans approaches retirement age, second act job seekers will also reshape the labor market. Nearly 1 in 4 Americans over the age of 65 without a disability are participating in the labor force, a rate that has been rising steadily for the past decade. These jobs include a number of construction and transportation positions, as well as assorted superintendent roles and a few less-common jobs like pastor and boat captain.
A multitude of factors is driving Baby Boomers toward longer careers, notably rising life expectancy and the need for greater retirement savings, especially in the wake of the Great Recession. As these Boomers work later into life, they search for jobs compatible with their skills and lifestyle.