Chris Farrell: "Unretirement"

This photo taken Oct. 3, 2013 shows James Glay poses with his collection of vintage drums in Arlington Heights, Ill. Every passing month and unanswered resume dimmed Glay’s optimism more. His career in sales was ended by a layoff. So with no job in sight, he joined a growing number of older people and created his own. In a mix of boomer individualism and economic necessity, older Americans have fueled a wave of entrepreneurship, accounting for a growing chunk of new businesses and bringing an income stream to people who otherwise might not have found work. - AP Photo/M. Spencer Green

This photo taken Oct. 3, 2013 shows James Glay poses with his collection of vintage drums in Arlington Heights, Ill. Every passing month and unanswered resume dimmed Glay’s optimism more. His career in sales was ended by a layoff. So with no job in sight, he joined a growing number of older people and created his own. In a mix of boomer individualism and economic necessity, older Americans have fueled a wave of entrepreneurship, accounting for a growing chunk of new businesses and bringing an income stream to people who otherwise might not have found work.

AP Photo/M. Spencer Green

Chris Farrell: "Unretirement"

Baby Boomers are living longer and in better health than any other generation and many of them are choosing to stay employed. The shift away from retirement and what it means for the American workplace and economy.

In recent years, budget battles in Washington have featured dire warnings about an older American workforce. We’ve heard that a wave of aging baby boomers would bankrupt Social Security and Medicare, and threaten American economic prosperity. But author Chris Farrell argues these doomsayers have it wrong: advances in medical care mean people are living longer and healthier lives and want to continue working instead of retiring. And many of these older workers are starting new businesses that are boosting economic growth. The ‘unretirement’ trend and what it means for the American workplace and society.

Guests

Chris Farrell

senior economics contributor for American Public Media's "Marketplace" and contributing economics editor for Bloomberg Business Week

Read A Featured Excerpt

Excerpted from "Unretirement" by Chris Farrell. Copyright © 2014 by Chris Farrell. All rights reserved. Published by Bloomsbury Press, New York, a trademark of Bloomsbury Publishing Plc.

Unretirement

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