Older American workers are the economy’s most underrated group in economic activities. There are also more senior citizens than ever. Millennials may be the largest group in the labor force at the moment, but older Americans are catching up. According to the U.S. Department of Labor, workers over 55 will be the largest group, at 24.8%, by 2024. Adults age 50 and older are starting new businesses at a rate that's been growing for more than 20 years. Based on AARP, about 1/3 of those small companies — including 14% of start-ups — are owned by people aged 55 and older.
Over the last six months of the pandemic, early retirement becomes a major force in accounting for the decline in labor-force participation. As the business voice for the business community consists of elderly business owners, we strive to provide leadership and advocacy in the realization of economic empowerment while ensures that older American business owners have a seat at the table for both federal and local pro-business policy initiatives and interests. We aim to work with corporation to improve retainment of workers regardless of age, and take an active role in discussions with legislators, government officials at all levels of government to advance the economic interests of the senior business owners.
We are also proud members and supporters of the Founder Institute and the Small and Emerging Contractors Advisory Forum (SECAF).