It’s no day at the beach anytime soon for Baby Boomers coming of retirement age…. According to the Kauffman Foundation, Americans ages 55 to 64 currently form small businesses at the highest rate of any age group, 28% higher than the adult average. Americans 45 to 54 also form small businesses at an above average rate.
         
Baby Boomers on average have broader job skills and more contacts than younger workers. They also have better access to capital, either from their own savings or through their work and personal networks. Boomers are also at a life stage where starting a small business is perceived as less risky and increasingly attractive for work-life balance.

A recent USA Today article says boomers are seeking encore careers that help them give back in a meaningful way to others. Strangely enough, though, this career move isn’t getting much love from the commenteers at the bottom of the page. Somebody’s got to try and make the world a better place… give the Baby Boomers a break!