Data

There is a dramatic gap between what older workers want and employers offer. As the Boomer exodus continues and labor markets tighten, change is inevitable. The retirement model and the assumption of unbroken full-time employment are broken and transformation is essential.

Today’s Demand

• U.S. Department of Labor: workers 55-and-older are fastest growing segment of the workforce
  • “64% of workers age 18-64 envision a phased transition into retirement”
  • Majority of employees age 50+ consider formal phased retirement “‘very” or “‘somewhat important’
  • 27% of Americans plan to “keep working as long as possible”
  • Another 12 percent say they don’t plan to retire at all

Today’s Supply

• In 2016,11% of companies offer “informal phased retirement”
• In 2016, 5% of companies offer “formal phased retirement”
• Just 21% of workers say employers enable reduced work hours, shift from full-time to part-time