LegalJourney Blog

Friday, March 14, 2014

An Aging Population Also Poses Opportunities for Retirement Careers

Kerry Hannon (NYTimes.com) has recently published an article entitled, An Aging Population Also Poses Opportunities for Retirement Careers (March 7, 2014). Provided below is the abstract to the article from NYTimes.com:

An Aging Population Also Poses Opportunities for Retirement Careers

As the population ages, jobs like massage therapist and others like senior fitness trainers, dietitians and nutritionists, personal assistants, handymen, drivers and caterers who prepare meals for shut-ins are on the upswing.

"It's no secret that retirement is a very diverse process for older Americans, with some combination of phased retirement and bridge jobs being the norm among older career workers," according to Kevin E. Cahill, an economist with the Sloan Center on Aging and Work at Boston College.

"About 60 percent of the career workers take on a part-time job after exiting their main career," Mr. Cahill said.

As a result, more and more jobs and businesses are being created to satisfy not just the growing number of people living healthier and longer lives, but this "Aging in place" market.

FINANCIAL PLANNER Not surprisingly, as retirees fear outliving their money, jobs for personal financial advisers are expected to be one of the faster-growing occupations over the next decade, with a projected growth rate of 27 percent by 2022, according to the Labor Department.

TRAVEL GUIDE When Judi Bonilla, 56, was laid off from her job as a logistics subcontractor for the military, she did some soul-searching and came to the conclusion that she enjoyed working with older adults.

What ties these jobs together? At a time of life when someone's world begins to narrow, these services all offer a kind of independence - whether it's a way for clients to stay active socially and physically, to not worry about finances, or to get relief from the aches and anxiety of aging with a human touch.

For more information on this topic, continue reading the article "An Aging Population Also Poses Opportunities for Retirement Careers" by Kerry Hannon (NYTimes.com). 


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