Comments on: Will the retiring workforce retire? http://www.theappgap.com/will-the-retiring-workforce-retire.html Apps, Strategies, and Best Practices for Web-based work Wed, 25 Jan 2012 16:56:14 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jim Ware http://www.theappgap.com/will-the-retiring-workforce-retire.html/comment-page-1#comment-33471 Jim Ware Mon, 06 Apr 2009 23:03:52 +0000 http://www.theappgap.com/?p=1206#comment-33471 I think Steve is onto something important. And while I am intrigued and encouraged at the thought that later retirement patterns may actually help social security, I think it's also worth realizing that some of the boomers may do just the opposite and starting drawing social security sooner than they might have otherwise - out of desperation. On the other hand, there's also the reality that bad times are almost always good for entrepreneurship. Necessity being the mother of invention, there's a lot of out-of-work folks right now who will eventually give up looking for a new job, and will - again, possibly out of desperation - look around, find a problem that needs solving, and start up a business. Survival is a powerful motivator, and I suspect we'll be seeing an unprecedented explosion of creativity, entrepreneurship, and innovation over the next couple of years. And as tough a time as it's going to be, that may be the best possible outcome for the entire economy. A final thought, or rather a question: how much of the stimulus money is going to help launch new businesses, as opposed to supporting all those dinosaur big companies out there that don't deserve to survive? I think Steve is onto something important. And while I am intrigued and encouraged at the thought that later retirement patterns may actually help social security, I think it’s also worth realizing that some of the boomers may do just the opposite and starting drawing social security sooner than they might have otherwise – out of desperation.

On the other hand, there’s also the reality that bad times are almost always good for entrepreneurship. Necessity being the mother of invention, there’s a lot of out-of-work folks right now who will eventually give up looking for a new job, and will – again, possibly out of desperation – look around, find a problem that needs solving, and start up a business. Survival is a powerful motivator, and I suspect we’ll be seeing an unprecedented explosion of creativity, entrepreneurship, and innovation over the next couple of years. And as tough a time as it’s going to be, that may be the best possible outcome for the entire economy.

A final thought, or rather a question: how much of the stimulus money is going to help launch new businesses, as opposed to supporting all those dinosaur big companies out there that don’t deserve to survive?

]]> By: Steve King http://www.theappgap.com/will-the-retiring-workforce-retire.html/comment-page-1#comment-33001 Steve King Wed, 01 Apr 2009 00:45:05 +0000 http://www.theappgap.com/?p=1206#comment-33001 We were Washington DC last week doing a series of meetings and workshops on small business policy. One of the most interesting points made in our meetings - and somewhat unrelated to our agenda - is that the recession may be saving social security. The reason is many boomers will retire several years later than planned and many more will continue to work in some capacity even longer. This means more income and less outflow for social security. We've done a lot of work on boomers, retirement and their growing interest in entrepreneurship and small business. This trend was strong prior to the recession and likely even stronger post recession. Simply put, many boomers are facing retirement age without the resources required to afford a lifestyle they want. We were Washington DC last week doing a series of meetings and workshops on small business policy. One of the most interesting points made in our meetings – and somewhat unrelated to our agenda – is that the recession may be saving social security.

The reason is many boomers will retire several years later than planned and many more will continue to work in some capacity even longer. This means more income and less outflow for social security.

We’ve done a lot of work on boomers, retirement and their growing interest in entrepreneurship and small business. This trend was strong prior to the recession and likely even stronger post recession. Simply put, many boomers are facing retirement age without the resources required to afford a lifestyle they want.

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