Baby boomers will abolish the current understanding of the concept of retirement. Those born between 1946 and 1964 are more ambitious for the future than any other generation before at this age.
This is taken from the latest report from the ongoing research from Standard Life into the over 50's. The most recent document is called “Age Old Stereotypes”. This report is the latest in the ‘Death of Retirement’ series. Certainly I meet more and more people who simply are not interested in the traditional concept of retirement. Many are of course, in particular those on final salary pension schemes. But even they, after a year or so, begin to yearn for something more meaningful in life than leisure or being a carer for their grandchildren.