Boomers hitting the books before retirement
August 16, 2011
Many baby boomers are heading to the classroom, some to create more job options for themselves while others seek personal fulfillment. The number of students between the ages of 40 and 64 grew 20 percent from 1997 to 2007, according to U.S. News and World Report.
The U.S. Department of Education states that more than 90 million individuals take part in adult education each year, and students over the age of 25 account for 40 percent of American college students.
"I think people in mass are going back to college trying to get these different skill sets to [protect themselves] against unemployment," Abe Burnett, who got earned his first degree when he was over the age of 30 and is currently pursuing two master's degrees in economics and computer science, told Fox Business. "My motivation when I went to school was to make sure I had a skill set that was hopefully not driven by speculative bubbles, but that I could use to find real work in any economy."
Boomers who are caring for aging loved ones, but still want to take classes, can invest in medical alert systems that will help their older relatives stay safe while they are attending school. These individuals can also consider taking classes online, which will allow them to remain with their loved ones and pursue a degree or certificate at the same time.