"Encore Entrepreneurs" – 1 in 4 Are Interested Right NOW!

According to this study, it is HARDER for someone over 50 to return to the workforce if they've been "downsized" due to the recession.  It takes them a lot LONGER to find a job so, the author suggests, "entrepreneurship is a good way for them to use the skills that they have acquired throughout their lives."  And we just happen to have the PERFECT business for them to look at! ...Dennis  "

Baby boomers make an encore appearance in business world

An influx of entrepreneurs over the age of 50 are starting new businesses accross the nation.

When the nation’s economy crashed and the recession began, more than 13 million Americans lost their jobs — many of them nearing the age of Social Security.

In fact, a study conducted by Boston College’s Center for Retirement Research showed displaced workers over the age of 50 “are projected to be significantly worse off: their earnings are 14 to 19 percent lower over the remainder of this decade, financial assets are 22 to 30 percent lower, and they are up to 8 percent more likely to experience another layoff.”

So, as the largest segment of the nation’s population — baby boomers — reaches the golden age of retirement without adequate savings due to economically charged layoffs, a unique wave of entrepreneurship is sweeping the nation, according to Carmel Snyder, AARP associate state director for Texas.

“We, the AARP, have found that it is more difficult for someone older than 50 to return to the workforce if they’ve been downsized due to the recession,” she said. “It takes them longer to find a job, so entrepreneurship is a good way for them to use the skills that they have acquired throughout their lives.”

New business owners, ages 44 to 70, are called “encore entrepreneurs,” and one in four Americans in that age range is interested in starting a new venture in the next five to 10 years, according to information provided by the Small Business Administration.

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