The baby boomers who rebelled in the 1960s—burning draft cards in protest and burning bras for sexual liberation—went on to burn the midnight oil in the workplace for decades. They ended up as one of the most productive and wealthiest generations in U.S. history.
But now they're moving on to retirement. As a result, the insurance industry is in the midst of a brain drain.
Independent agency owners have reason to panic over the imminent baby-boomer retirement wave. It's overwhelming to think that half of those working in the industry today will retire over the next 10 years. The fastest-growing segment of the industry workforce is people over age 60, while the growth rate for the younger population is near zero.
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