800,000 people over the age of 65 left the U.S. workforce

Right now, nearly ten thousand Baby Boomers retire from the workforce every single day. 800,000 people over the age of 65 left the U.S. workforce in the last quarter of 2016, confirming that “The Silver Tsunami” (a term used to describe the mass number of aging Baby Boomers) is indeed a threat to many businesses. For all the talk about delayed retirements and extended workforce participation rates — both of which are well documented and shaping the demographics of today’s workplace — the simple fact remains that the Baby Boomer generation is now leaving the office for the last time, in droves.

Read more: https://www.panopto.com/blog/let-your-experts-retire-not-their-expertise/

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