Canadian baby boomers, born between 1946 and 1965, began reaching 65, or traditional retirement age, in 2011. Baby boomers are contributing to Canada’s aging population, and by 2031, all Canadian baby boomers will have turned 65, and comprise 23% of the population (Statistics Canada, 2012).
Current research suggests that retirement for baby boomers will differ from previous generations (Liechty & Genoe, 2013; Liechty, Yarnal, & Kerstetter, 2011; Nazareth, 2012; Sperazza & Banerjee, 2010a, 2010b). For example, Byles et al. (2013) note that baby boomers are seeking balance between work and leisure rather than the traditional gold watch model of retirement in which work ceases on a particular date. Other studies show that baby boomers intend to stay involved in the work force through full or part time hours (Taylor, Pilkington, Feist, Dal Grande, & Hugo, 2014).