Baby Boomers Spark a Retirement Wave in the Canary Islands

The initial baby boomers, that considerable cohort encompassing individuals born between 1958 and 1975, are commencing their retirement. This shift is already evident in social security statistics. Those who entered the world in 1958, marking the onset of this surge in births, have now reached 66, while individuals born in 1959 have attained the age of 65. This emerging and substantial exit from the workforce is driving the notable rise in retirement applications that was observed last year in the Canary Islands.