Boomers are unretiring and really want a job
New data from LinkedIn shows that baby boomers’ job search intensity has grown 13% in July compared to the beginning of the year, the most among all generations.
LinkedIn’s Job Seeker Intensity Index looks at the average number of applications per applicant, meaning if you’re hitting that “apply” button more often, the harder you are working to land a new gig.
Meanwhile, over 13.2% of retired boomers — those aged between 60 and 78 — came back to start a new job in 2023, a five-year high. The so-called “unretiring” trend shows how individuals are affected by inflation, economists said.
“For some baby boomers, it’s probably the case that they are facing higher prices,” said Kory Kantenga, an economist at LinkedIn. “They were expecting to be retired on a fixed income, and so their finances are such that they need to go back into the workforce in order to maintain this standard of living they were expecting to have when they initially required.”
Meanwhile, over 13.2% of retired boomers — those aged between 60 and 78 — came back to start a new job in 2023, a five-year high. The so-called “unretiring” trend shows how individuals are affected by inflation, economists said.
“For some baby boomers, it’s probably the case that they are facing higher prices,” said Kory Kantenga, an economist at LinkedIn. “They were expecting to be retired on a fixed income, and so their finances are such that they need to go back into the workforce in order to maintain this standard of living they were expecting to have when they initially required.”
