Why Entrepreneurship May Be The Last, Best Option For Displaced Baby Boomers

Terry Murray

The Great Recession sent shockwaves throughout the jobs market that still resonate today. Research conducted by the Pew Research Center reveals that 55 percent of American workers have suffered a period of unemployment, a cut in pay, a reduction in hours, or an involuntary period of working part-time.

As 2011 winds down, the outlook continues to be dim for those seeking work. An unusual pattern has emerged as well; older workers are bearing a disproportionate burden as compared to previous economic recoveries. A variety of trends, biases, and economic realities may force many displaced baby boomers to consider an unanticipated path -- the path of entrepreneurship.