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Aging population creates new careers | elpasoinc.com

31 March 2014—Kevin E. Cahill, Center's research economist was mentioned on elpasoinc.com.

By 2050, according to the Pew Research Center projections, the nation’s population of people 65 and older is expected to slightly more than double, to 86 million from 41 million in 2010. This aging population is spurring new fields and job openings for those in their 50s to 70s to care for those who are 80 and older.

“It’s no secret that retirement is a very diverse process for older Americans, with some combination of phased retirement and bridge jobs being the norm among older career workers,” according to Kevin E. Cahill, an economist with the Sloan Center on Aging and Work at Boston College.

“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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