Become an insurance professional and make money for years to come. The insurance industry may be a new source of jobs due to the retiring baby boomer generation over the next couple of decades. Some industry experts estimate as many as 20 million new jobs because of the number of workers retiring in the coming years. Many of these jobs could be in the insurance industry. America’s population is aging faster than at any time in the nation’s history. According to The U. S. Census Bureau,an American turns 65 years old every 13 seconds and that approximately 10,000 baby boomers retire every day. This creates an opportunity for you to become an insurance professional and make money for years to come.
Based on industry estimates, approximately 70 million people will be 65 or older by 2030more than doubling the 34 million today.1 That means job growth in the insurance industry as the growing senior population will need continued health, life, automobile, and home insurance coverage. The Congressional Budget Office estimates that $135 billion is spent each year just on long-term care for seniors. A large percentage of this figure goes to the insurance sector.
Even with all of the predictions of job openings in the insurance industry, just who will fill these positions is being questioned. Low pay and fewer trained workers are helping create this job gap. A lack of available employees could create openings for some retiring seniors in the insurance industry that want or need to keep working.
The demand for insurance professionals is also being driven by the need for specialized professional help. The non-traditional family has less support than in the past, creating job opportunities in the insurance sector. This is a trend that could last for a while. Now is the time to get in position to become an insurance professional and make money for years to come.
– U. S. Census Bureau, State and County Quickfacts
http ://www.cbo.gov/doc.cfm?index=5400 – The Congressional Budget Office
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