We’ve Moved! 6121 Excelsior Blvd. St. Louis Park, MN 55416

A New Generation of Workaholics

As baby boomers wind down their careers, many would like to “phase out” of their jobs, working fewer hours each week; perhaps fewer still each year. But is this a practical solution for private employers? Maybe. When you consider a recent study on millennial worker habits, it may be surprising to find they could pick up the slack in shared workweeks.

When they were in junior high and high school, millennials gained the reputation of being entitled and enabled. But vast numbers went to college and came out burdened with student loan debt and poor job prospects. Graduating college around the time of the recession has helped many millennials become more appreciative when job opportunities become available. They’re willing to learn and to work hard if they see commensurate rewards at the end of the tunnel. In short, millennials could offer an ideal complement for baby boomers phasing into retirement.

A 2016 U.S. workplace study found that many millennials are workaholics. They’re more likely to remain available during non-work hours via email and cellphone, and they’re more likely to work while on vacation.

For some, these may come as surprising insights about our younger generation. The fact is, many entered the workforce when jobs were scarce, so they fell a bit behind the earning curve relative to previous generations. Perhaps that makes them more focused, more determined and more willing to work long and hard to cover lost ground. So, for an older baby boomer looking to phase out of the workforce gradually, he or she could do worse than to pair job sharing responsibilities with a millennial co-worker.

Share This Article

Get the latest retirement news today!

Subscribe Now

  • This field is for validation purposes and should be left unchanged.

Pick your topic or keywords

Similar Posts

Getting to the Truth: How Strong is Social Security Anyway?

The number one news headline grab this month isn't the Kardashians or Donald Trump. Nor is it Spieth's distressing loss at the Open Championship by…

Continue Reading
Secured Retirement Radio: Probability Investing vs. Safety First

Blog post written by Dale Decker We all have different tolerances for risk. Some people prefer to go big and climb Mount Everest. Others are perfectly…

Continue Reading
Cary Grant’s Retirement Income Checklist

“You never miss the water until the well runs dry.” His Girl Friday (1940) – Walter Burns (Cary Grant) In the 1940’s movie His Girl…

Continue Reading
Ryan Keapproth

Ryan Keapproth

Retirement Planner

Ryan is dedicated to serving clients to achieve their retirement goals. Ryan’s holistic approach centers on wealth management strategies with a focus on income planning throughout retirement. As a Financial Advisor, Ryan is an Investment Adviser Representative (IAR), life and health insurance licensed and a Certified Tax Preparer. Ryan is a graduate of the University of Minnesota, with an Accounting and Finance major.

Ryan is a lifelong Minnesotan originally from Woodbury and currently residing in Bloomington with his wife, Riamae, and their rescue Terrier Beagle mix, Douglas. He and his family are avid travelers in their free time. Ryan enjoys playing golf and poker, and describes himself as a major foodie enjoying new restaurants around the cities whenever possible. He is a sports fan especially when the Vikings and Timberwolves are playing.