Retiring baby boomers turning assets into streams of income.
Not exact matches
As the
baby boomers — the oldest of whom will
turn 70 this year — begin to
retire, they often sell their businesses to a younger generation that is more diverse than ever before.
Her second, The Leisure Economy: How a Shift Away from the Work World Will Reshape Our Lives and Industries (Wiley, 2007), detailed the economic sea change that will result as
baby boomers retire and the «time - crunch economy»
turns into the «the leisure economy.»
The topic
turned to the over-50
baby -
boomers and each and every site owner in attendance was salivating at the thought of partnering with AARP (American Association of
Retired Persons).
Business Insider reports that millions of these
Baby Boomers have
retired just in the last six years and 10,000 of them
turn 65 every single day.
«In addition,
retiring baby boomers are likely to flood the market with private capital as they look to
turn stock options and retirement packages into stable, income - generating assets.»
Demographic changes in the American population began in earnest in 2011 when the first
baby boomers turned 65 years and started to
retire.
In 2006, the first wave of
baby boomers will be
turning 60 and many will decide to
retire.