Boomers Favor Semi-Retirement with a Flexible Work Schedule

Boomers Favor Semi-Retirement with a Flexible Work Schedule

Baby boomers nearing retirement age don’t want to kick up their feet and relax through their sunset years. Instead, most of them want to continue working, but just fewer hours or in less demanding roles, according to a survey released by Express Employment Professionals staffing agency and Harris Poll.

The main reason: many baby boomers are worried about their finances. Nearly two-thirds expressed concern about having enough savings to quit the daily work grind.

The majority of employees say they’d be likely to partake in semi-retirement, either by having a flexible work schedule (79 percent), transitioning to a consulting role (66 percent) or working reduced hours with reduced benefits (59 percent). However, only around 1 in 5 (21 percent) say their employer offers semi-retirement.

“It’s incredibly realistic to offer semi-retirement as many of the baby boomers want something to do and part-time work fits well into their life,” said Express franchise owner Mike Brady. “You get an experienced, dedicated individual who can help breach the worker shortage that many companies are running into.” Read the full survey.

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Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.