Baby Boomers And The Older Worker

Dec 8, 2014

Older baby boomers may access Social Security as soon as age 62 when they can receive partial Social Security, 75% of what they would get if they waited until full Social Security – accessed at ages 65 to 67, depending on birth year. Older baby boomers are encouraged to continue working to their full Social Security entitlement age if they want higher Social Security benefits.

Baby boomers who have lost their jobs have had more difficulty finding another job, especially a job at the same pay. Some baby boomers have stopped seeking work and have taken early retirement, while others have found work, often at reduced pay.

Employment resources for older unemployed workers can be found online at aarp.org as well as several other websites. Look under unemployed older worker.

References:

Cadieux, D. & Conklin D.W. (2010). The great recession, 2007-2010: Causes and consequences. London, Ontario, Canada: Ivey Publishing.

Center for Retirement Research at Boston College, crr.bc.edu

Older Unemployed Workers. aarp.org