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Seniors Enter Small Business Arena | National Funding

12 March 2014—Kevin E. Cahill, Center's research economist was quoted on nationalfunding.com.

... according to a recent report from the Pew Research Center, by the year 2050, the number of people who are 65 or older is expected to more than double – from 41 million in 2010 to 86 million. The job marketplace for older employees - those in their 50s to 70s – is changing as a result, with “some combination of phased retirement and bridge jobs being the norm among older career workers,” Kevin Cahill, an economist for Boston College’s Sloan Center on Aging and Work, told The New York Times.

“About 60 percent of the career workers take on a part-time job after exiting their main career,” Cahill said. “And many older Americans not only change occupations, but in large numbers they also transition from wage-and-salary employment into self-employment.”

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