As baby boomers retire, Main Street could face a tsunami of change

As baby boomers retire, Main Street could face a tsunami of change

US News Rank

Geri Lavrov | Getty Images

Baby boomer business owners, retiring in record numbers, are fueling a dramatic paradigm shift on Main Street, and many are at a crossroads, trying to figure out if they should sell their business or pass it along to a successor.
Boomers own 2.34 million small businesses in the United States, employing more than 25 million people, according to the U.S. Census Bureau.…

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