The American Association of Retired Persons (AARP) recently reported that 80% of baby boomers plan to work past age 65, and Merrill Lynch says 13% plan to start a business in their golden years.
And retirement itself is a young concept, formalized during the Great Depression to open up jobs for younger workers. But when Social Security was created in 1935, 65-year-old retirees lived, on average, another 13 years. Today it's 20 years.
Right now, they say there simply aren't enough young people to fill the positions that older workers are vacating - nor do the ones available usually have the right skills. (Or that's what the old guys say anyway.)