June 30, 2009
Excerpt: A recently released Kauffman Foundation Study – nicely summarized by the study author in an article in The American – that suggests that baby boomers will create a boom in entrepreneurship. Key quote: Several facts have emerged from Kauffman Foundation research that indicate the United States might be on the cusp of an entrepreneurship boom—not in spite of an aging population but because of it…. These factors include the shifting age distribution in the country, the continued decline of lifetime employment, the experience and tacit knowledge such employees carry with them, and the effects of the 2008-2009 recession on established sectors of the economy.
The Good News:
“By 2018, with no change in current labor force participation rates or immigration rates and an expected return to healthy economic growth, we will have more jobs than people to fill them.” This means that Boomers who prepared, have their ducks in a row will have ample employment opportunities in the future. Why is this important? I believe it’s because many Boomers have not been able to fully fund their retirement. To read both posts further: