Retirement boom will be smaller than expected: Report

U.S. study suggests impact of retiring baby boomers on labour shortage overblown, inaccurate
By Sarah Dobson
|Canadian HR Reporter|Last Updated: 09/18/2008

Fears of A widespread shortage of labour in the coming years because of baby-boomer retirements are grossly oversimplified, according to a management consultancy in the United States. The actual size and growth rate of the retirement market will be much smaller than commonly believed.

“Everybody is expecting a huge surge and it’s not going to be there,” said Shawn Coyne, co-founder of Atlanta-based Coyne Partnership.

Baby boomers have made a huge difference in society at various stages of life, he said.