This is part one of a three-piece series on Encore Careers. As more and more Baby Boomers reach retirement age, many actually remain in the workforce or reinvent themselves for an Encore Career. Reasons for remaining employed are as diverse as the seniors facing those decisions.
“Work is not about the money. I want to stay busy.” ~Archie Moore Jr.
At Senior Community Centers 14 percent of our workforce is 65 years or older. Not long ago the typical American’s goal was to retire before age 65 but now more workers are pushing back retirement into their 70s.
Statistics show that 18.5 percent of Americans age 65 and over were still working in 2012, according to the Bureau of Labor Statistics.
Baby boomers are staying in the workforce for a multitude of reasons. They are trying to help cover the costs associated with their children’s college tuition while caring for their aging parents. Does that sound familiar? Others continue to work after their retirement savings took a deep hit during the recession. In addition, many Americans are now living into their late 80s and 90s outliving their retirement savings.
“Being a senior myself opened my eyes on how the senior population was neglected and I wanted to do something with my own hands to help.” (Archie Moore Jr.)
For many older adults having a purpose and making a difference in the community is what keeps them in the workforce. “Work is not about the money. I want to stay busy.” says Archie Moore, Jr., age 70. After 25 years in sales, over 15 years as a pharmacist and two college degrees, Archie felt he was most needed serving seniors in downtown San Diego and joined Senior Community Centers’ Nutrition Program where he continues to make a difference not just for himself but for our community.
It’s never too late to reinvent yourself and follow your passion. What keeps you actively engaged in today’s workforce?
Check back next Friday for Part 2 covering Encore Careers: 6 Tips that Help Baby Boomers get Hired.