Born between 1946 and 1964 the oldest Baby Boomers in your workplace will turn 72 years of age this year. Baby Boomers have had life experiences and expectations that are profoundly different from those of previous generations, and are the first generation to face the new ‘third age’ with its unprecedented expectation of a decade or two of relatively healthy life after retirement.
On one hand Boomers are often referred to as ‘empty nesters’ because their young adult children have left home; on the other hand many have become our nation’s carers – financially, practically and emotionally. McCrindle research labels them the Sandwich Generation, – in fact the triple-decker sandwich – because they are “sandwiched” between children, grandchildren and their elderly dependent parents.
Many have reached, or are fast nearing retirement age, and will soon be leaving the workforce in high numbers. However, a large number are also expected to continue to work well into their sixties and are currently interested in changing, rather than ending, their careers.
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