Freedom 55 May Not Be Quite So Free
Posted August 26, 2007
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Statistics Canada reports that the threat of severe labour shortages is receding as more aging baby boomers opt for work over early retirement. “Recent studies and indicators suggest that baby boomers may not, in fact, be collectively fleeing employment for ‘Freedom 55,’ ” wrote Statscan analysts Katherine Marshall and Vincent Ferrao. Researchers also found “an increasing desire among those over 55 to continue working, either out of interest, financial concern, or a social shift brought about by a tighter labour market, skill shortages and the virtual elimination of mandatory retirement at age 65.” |
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