Baby Boomers rock into retirement
WHILE some Baby Boomers are rocking into retirement, others are just rocking.
Such is the case with 62-year-old music lover Nick Barovsky, of Lismore, who is dancing to his own beat.
“Retiring means I give up, so I’ve never ever thought about it,” he said.
“It’s not a matter of not letting go. But if you enjoy what you’re doing and are physically and mentally able to do something, why stop because you’re a certain age.”
Over the next year, it is estimated 107,000 female Baby Boomers will start claiming the aged pension as they turn 64, while a further 100,000 men are set to receive it once they turn 65 a year later.
The explosion in pensioners is expected to expand for the next 15 years, with the pension age expected to rise to 67 by 2023.
But Mr Barovsky, owner of the Audio Room in Lismore, believes many other Boomers will be following his lead in deciding to stay at work longer.
“I think some people try to work longer anyway, because they can’t live on the pension,” he said.
“And with what has happened with the stockmarket and superannuation, I don’t think many of them can afford to, because many have lost too much of the retirement savings.”
But even when the Baby Boomers are officially retirees, Mr Barovsky can’t see the generation of ‘free love, free dope’ and the ‘sexual and music revolution’ hanging out in nursing homes and playing bowls.
“I don’t think so. I can’t see us going on organised bus trips,” he said. “Nothing will really change, even if they do retire. And the ones that do eventually retire will do it gracefully.”
With Australians now living an average of 23 years longer than they did when the age pension was introduced in 1909, Mr Barovsky will use the wisdom gained with age to pass on his extensive musical knowledge to younger generations getting back into vinyl records.
“I can converse with people aged 15 to 80, because there’s no age barrier for music,” he said.
“Even now I’m technically not working, because I’m doing what I love – I’m just sharing knowledge with the young people.
“They’re the future. I’m just giving them the baton.”
In the meantime, Mr Barovsky plans to ‘keep going’, jamming away to The Beatles and the Rolling Stones as he runs his ‘old-skool-cool’ music shop, selling vinyl records to customers as far away as Queensland and Sydney.
“The more you keep on going, the younger you feel,” he said.