The “Baby Boom”, an arbitrary classification by the Pew Research Center, defines the Baby Boom as those born in 1946 through 1964.
Those born in 1959 are turning 65 in 2024. Do the math: Most of the “baby boom” has now retired. Further, the median age of retirement is 62 – meaning those born in 1962. Thus, the claim that “Boomers are now in a ‘power position’ at work” is meaningless.
Surveys say 20% of age 65 and older are either still working (full time, part time, or they are currently looking for a job) – and they tend to be educated, white collar workers in non-physically demanding jobs.
The media gets these stories wrong – because they are looking at percentages and assume everything else remains constant. As the declining fertility rate has resulted in a smaller young worker cohort, their percentage in the workforce goes down – causing the percentage of older workers to become greater. There are not really lots more older workers in the work force – this is a percentage change that occurs because there are fewer young workers. See here for details: Demographics: Effect of U.S. low fertility rate now apparent in employment – Coldstreams
Amusingly, the publisher of that story does not stand behind their claims: “This article provides information only and should not be construed as advice. It is provided without warranty of any kind.“
