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Baby Boomers Give Up, Drop Out of U.S. Labor Force
Insurance Journal ^ | 2/11/14 | Victoria Stilwell

Posted on 02/12/2014 9:08:22 PM PST by smokingfrog

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To: smokingfrog

I retired early on my own terms, last Fall, at age 52 after over 30 years in Hi-Tech Engineering.

I’ve saved & invested enough to earn it.

Everything is paid off; I owe no one even a Penny.

Part of it too is I’m sick & tired of so much of my earnings are going to excessive taxes.

My little part of “Starving the Beast”...


41 posted on 02/13/2014 4:34:31 AM PST by LiveFreeOrDie2001 (Elections have consequences - NOW LOOK what we have to deal with...)
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To: Nepeta

“I did not plan on retiring. The economy did that for me.”

They really should change the wording from people “retiring” to people “being retired”; it certainly would be more accurate. The fact is that people in your demographic often had slaries and benefits that companies wanted eliminated, and you were probably a casualty of that process. They’re continuing to move down the age/wage ladder to end up at a level where a young person can pay a share of rent and buy basic necessities; families and homes and no longer in the cards for younger American workers (in most cases).


42 posted on 02/13/2014 5:22:14 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: kearnyirish2

There’s still a few “employed” demodummies that need to be in that line. (They live in the White House)


43 posted on 02/13/2014 5:35:09 AM PST by DaveA37
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To: smokingfrog
This was going to hit soon anyway, as most Boomers are nearing or at retirement age.

The real questions are
1. Are these workers being involuntary released.
2. Are they being replaced?

If they are being replaced, it may open up some opportunities for younger workers. If they are not, as I expect it to be, they are going to result in a higher demand for benefits with a lower number of people paying in.

44 posted on 02/13/2014 5:53:06 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: smokingfrog

Thanks to Obamas economy this boomer and her husband will be working for the foreseeable future.....


45 posted on 02/13/2014 5:56:36 AM PST by Mom MD
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To: kabar

I think there are a lot of people working off the radar these days.


46 posted on 02/13/2014 6:07:55 AM PST by smokingfrog ( sleep with one eye open (<o> ---)
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To: smokingfrog

Illegal aliens.


47 posted on 02/13/2014 6:29:18 AM PST by kabar
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To: smokingfrog

“I think there are a lot of people working off the radar these days.”

Me too. I haven’t heard a word about the underground economy in years. Someone somewhere must be tracking it. I’d bet that it is huge.


48 posted on 02/13/2014 6:31:44 AM PST by TalBlack
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To: buwaya

I am sure it can by race, sex, ethnicity, etc. The data exist.


49 posted on 02/13/2014 6:34:22 AM PST by kabar
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To: alexander_busek

Although not a mistake, assuming retired boomers are not in some manner employed or working is an error.

Some certainly are not, but there are others that find they must be doing something besides what they did for years and years.


50 posted on 02/13/2014 6:35:15 AM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: Paul R.

IMO most Americans have not saved for their retirement. They will have to work to survive. About one-third of Americans over 65 depend on SS as their sole source of income.


51 posted on 02/13/2014 6:36:26 AM PST by kabar
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To: TalBlack

Obamacare is just one other way they can track people that are not paying taxes.


52 posted on 02/13/2014 7:06:36 AM PST by smokingfrog ( sleep with one eye open (<o> ---)
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To: alexander_busek

Your logic is sound, but I think a lot of people are dropping out of the work force long before they reach the age of 65.


53 posted on 02/13/2014 7:10:49 AM PST by Alberta's Child ("I've never seen such a conclave of minstrels in my life.")
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