Baby Boomers are 62

The average baby boomer is now 62 years old. 62 is a significant age for a couple of obvious reasons. First is that means the social security office will start cutting a lot of checks. Second is that a massive amount of leadership and knowledge is eligible to leave the workforce.

First reason

One of the largest generations in American history will now access the reserves (which they paid for). Fortunately, this group benefited from productivity gains throughout their lifetimes and that coorelated to more income/saving streams – 401k, Pensions, and improved financial planning. This a good thing because there will be 72 million people needed improved health care. Social Security is the cherry on top… until 2019.

Second reason

As 72 million people start to pay to live longer, a new realm of innovation opportunity exists. But who will identify it and who will lead it? Will the groups behind the baby boomers be talented enough to take advantage of this situation? It practically begs for the baby boomers who aren’t retired to start the plan for those coming behind them to use. Its like a treasure map.

Time will tell.

About benleeson
My name is Ben Leeson. I currently work for a large financial company in IT. I went to school at Marist College in Poughkeepsie, NY. I graduated with a B.S. in Business Administration concentrating in HR. Professor William Brown taught me and I enjoyed his classes; even acquiring an appreciation for just about all things HR. I didn’t pursue a job in that field after college but I’ve kept up with it. This blog will further my fascination with all things HR. I hope to grow my knowledge of the area through thoughtful writings and spirited feedback. I will attempt to have a fairly routine style so anyone reading can come to expect certain segments. Please excuse my incorrect grammar and occasional misspelling.

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