Older Americans are working beyond retirement age at levels not seen since 1962

For the last decade, I’ve worked in an office with a median age pushing 70. Most of these people are retired (with good savings, health insurance etc), but don’t want to sit at home. Yeah, they might not be typical. But retirement is not a good thing for many professionals. In our case, we’re all engineers. We thrive on problem solving. It’s why we became engineers. And it’s why the death rate for us jumps significantly upon retirement. We curl up and die.

The result is these guys started a medical incubator. Smart, experienced people with nothing to lose are willing to take calculated risks and work hard on something that might not even pay of until after they die. Seems like a pretty good alternative to daytime TV or golfing.

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