Occupations Affected by Boomer Retirement

When the mass exodus of baby boomers leave the workforce, there is real concern as to how the employment gaps will be filled.  With public education in a crisis in many urban cities across America, some are questioning if young people will be adequately trained and qualified to pick up the torch and carry it forward.

Here are some of the occupations most affected by baby boomer retirements:

Airline pilots and navigators

Management Analysts

Teachers

Photographers

Teacher Aides

Industrial Engineers

Personnel Managers

As the age of the labor force increases, a greater number of people will leave the labor force due to death, disability, or retirement. Of the 25 million people projected by the Bureau of Labor Statistics to leave the labor force between 1998 and 2008, 22 million will be aged 45 years or older and thus will be leaving mostly to retire. The total number of people who left the labor force the previous decade was 19 million. Over the 1998–2008 period, the oldest baby boomers will be aged 52 to 62. After 2008, as more and more baby boomers reach retirement age, the impact of their retirements will continue to grow.

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