Growing numbers of Americans are no longer retiring in the traditional sense.
Older Americans aren’t doddering life away, as antiquated stereotypes and tasteless jokes suggest. Growing numbers of Americans are no longer retiring in the traditional sense. The swelling numbers of Americans 50 and older, and their experiments in rethinking and reimagining the second half of life, will have a profound impact on everyday life in America. When you take a closer look, the numbers are striking and largely unappreciated:
- The labor force participation rate of men 60 years and over has risen nearly one-third from a low of 26 percent in 1996 to 35 percent in 2014.
- The comparable rate of labor force participation for women is up from 15 percent to 25 percent.
- Even more impressive, in 2016 over 25.5 percent of new business ventures were started by the 55-to-64-year-old age group, up from 14.8 percent in 1996.
- People in their 50s and 60s are launching new businesses at nearly twice the rate of people in their 20s.
An impressive body of scholarly research strongly suggests that given the opportunity, people in the second half of life can be as creative, innovative and entrepreneurial as their younger peers, if not more so.
Instead of being an economic dead weight, America’s aging population just might be the catalyst we need to help get back the U.S. economy mojo
Chris Farrell will share with the SHIFT audience what drove him to write his new book, Purpose and a Paycheck, including the compelling story of how a growing movement of older entrepreneurs and part-time workers are creating a stronger and more vibrant economy. His talk will draw lessons from his latest book Purpose and a Paycheck and focuses on entrepreneurship, innovation and work in the second half of life.
Chris Farrell is considered a leading expert on the trend toward working longer in the second half of life. He is a senior economics contributor at Marketplace, American Public Media’s nationally syndicated public radio business and economic program. Chris is an economics commentator for Minnesota Public Radio and host of its series, Conversations on the Creative Economy. An award-winning journalist, Chris is a columnist for PBS Next Avenue and the Star Tribune. He has written for Bloomberg Businessweek, New York Times, Kiplinger’s and other publications. His most recent book is Purpose and a Paycheck (HarperCollins Leadership). Follow him on Twitter: @cfarrellecon
6:30 pm – Registration, Networking
7:00 pm – Presentation
SHIFT Members: $15.00
SEATING IS LIMITED FOR THIS EVENT.
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