The Great Resignation is also the Great Retirement of the baby boomers. That’s a problem.

The Great Retirement of the baby boomers — a workplace exodus with the power to upend both the workplace and the U.S. economy.

Goldman Sachs estimated last fall that more than half of those who had left the workforce during the covid era’s Great Resignation were over 55. An analysis released by the Federal Reserve Bank of St. Louis found workforce exits are higher among baby boomers than pre-covid trends would indicate, with a report last month finding women — many of whom work in public-facing positions and are between the ages of 65 and 74 — among the groups leading the way.

Employers are dependent on the outsize baby boomer cohort, whose exit is contributing to growing shortages of workers everywhere, from nursing to school bus drivers to the service industry. It’s not just 22-year-old baristas who have had it with working conditions. Those understaffed stores? Retailers became increasingly reliant on older workers in the wake of the Great Recession. Many are now making an exit.

More From The Washington Post: