Baby boomers are increasingly postponing retirement, with many choosing to pursue their lifelong passions and start new businesses rather than follow traditional retirement norms.
New statistics reveal that adults over 50 are initiating new business ventures at the highest rate in two decades, with about 25% of those aged 55-64 contributing.
While some baby boomers might have faced job loss, over 90% of those starting new businesses are doing so voluntarily, indicating a strong desire to create rather than retire.
The traditional retirement age of 65 is losing significance, as many baby boomers are redefining their work lives by embracing opportunities for personal fulfillment.
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