Boomers choose new careers for their next phase, survey reports

Where are boomers working during the next phase of their life? Most (30 percent) have found employment in education, followed by heath care (23 percent), government (16 percent), nonprofit organizations (13 percent) and for-profit businesses that serve a public good (9 percent).

Specifically, those who engage in encore careers do share some common characteristics. The survey revealed most (about 60 percent) are between the ages of 51 and 62; they are more likely to be female than male (56 percent); most come from professional or managerial careers (52 percent); and the majority resides in suburban areas (42 percent).

Among those who don’t already have an encore career, about half of respondents said they are interested in attaining one — this response stems mostly from younger boomers, age 44 to 50.

Why are boomers choosing to continue a career through retirement? The survey indicates primary motivations include a desire to “stay active, productive, challenged and learning.” Additionally, the survey reports, more than a third of those in encore careers and those interested in them cite practical needs for continuing income and health benefits.