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“Retirement as we know it is in the midst of being displaced as the central institution of the second half of life,” says Marc Freedman, author of the book “Encore: Finding Work that Matters in the Second Half of Life,” and co-founder of the Experience Corps.
“The shift toward much longer working lives is already underway. Since the mid-1990s, this inclination has emerged as a significant new pattern, reversing a decades-long trend toward earlier and earlier retirement. Between 2003 and 2005, workers over 55 comprised the fastest-growing group of employees in the country.”
As boomers near retirement age, more and more are opting for what Freedman has termed “encore careers,” taking or creating jobs that combine a paycheck with a sense of renewed energy and purpose.