Gillibrand said there is an urgency to create more opportunities for
retiring baby boomer business owners.
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.
As technological advancements change the way we do
business — and as
baby boomers (slowly but surely) begin to
retire — your company will increasingly need to attract and retain millennials in order to compete.
While many their age would be
retiring or nearing retirement, these
baby boomer lawyers, doctors, military officers, and
business executives were here to jumpstart the next phase of their lives: first as students and then as leaders focused on social problems, including education.
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.
The WSJ article notes that the high number of
baby -
boomer business owners who will presumably be looking to
retire soon may end up flooding the market, creating more supply than demand.
With a desire to keep contributing after they
retire, many
baby boomers — particularly government employees — have been setting up
businesses, which has... Read more
In a speech last month, Mr. Poloz warned that central banks around the world are dealing with powerful global forces that are keeping rates low, including weak
business investment and waves of
retiring baby boomers leaving the labour force.
I think that with 77 million
baby boomers retiring there is probably a huge surplus of Mom and Pa
businesses that do not have successor plans within them that just need a few talented millennials to take them from a decent profit margin to the next level.
Recruiting efforts far and wide are trying to identify the next generation of successful professionals as the first wave of
baby boomers prepares to
retire from the real estate
business.
Brokers and bankers say the 77 million
retiring baby boomers will likely help fuel further growth in the loans in the coming years, making the
business a growth spot in a home loan market where volumes have recently been declining.