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Boomers “Un-Retiring,” Turning to Retail

Rising costs causing more older workers to seek part-time jobs

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A growing number of older workers are seeking part-time jobs, with many preferring ones in the retail sector. PHOTO: ISTOCKPHOTO

The vast majority of U.S.baby boomers (88%) currently work full-time, part-time, or do temporary work due to current economics and the high cost of living, new research from Indeed Flex shows.

In a recent survey of 1000 American baby boomers, only 10% reported being fully retired, with three highs—the cost of living, housing prices and healthcare costs – forcing some of the aging population to rethink retirement. Unlike previous generations, older Americans can’t rely on pensions or Social Security being enough to live on; therefore, temporary work can help maintain their standard of living.

Indeed, “un-retirement” may be the next big thing, with 83% reporting they would consider temporary work and 61% saying they prefer retail, hospitality and business support sectors.

“Boomers’ working longer or un-retiring presents opportunities for employers,” notes Novo Constare, CEO and Co-Founder of Indeed Flex, an online marketplace for flexible and temporary work. “Older workers bring experience, strong work ethics and knowledge that benefit businesses needing to fill positions … [For the workers], temporary work is a good bridge to make ends meet.”

Click here for more from the survey.

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