Sentences with phrase «half of baby boomers»

The number of jobs in the field also grew 30 % in that time period and is set to grow further, Berridge notes, because of the looming retirement of the baby boomers who now occupy the top jobs.

While Gen X may be equally capable at digital tasks as millennials, they also show a mastery of conventional leadership skills more on par with leaders of the baby boomer generation.

An employee review survey conducted by the Randstad Group found that 57 % of Generation Y employees and 26 % of baby boomers take off unplanned days from work to deal with stress.

But even providing good jobs for all these potential workers wouldn't solve the labour market's problems, because the workforce is shrinking: the number of millennials poised to enter the labour pool is lower than the number of baby boomers set to retire.

That was the largest percentage among the 2,264 respondents — just 50 % of baby boomers over 45 felt the same — and likely an indication that the younger Gen Z crowd feels similarly.

Ninety - four percent of the 13 - to 34 - year - old entrepreneurs polled say they will meet their goals, compared to just 73 % of Baby Boomers and 80 % of Gen Xers.

Experts now s ay the China is in dire need of a baby boom, and the country has been relaxing the policy as of late.

Nearly 1 in 5 millennials has had to ask for money from a friend or relative, LendingTree found, versus 16 percent of Gen Xers and 9 percent of baby boomers.

For example, of the millennial respondents, 45 percent say they chose a more expensive home than they'd planned, compared to 30 percent of «Generation Xers» — those born from the early 1960s to late 1970s — and 19 percent of baby boomers.

Other tech companies are also taking notice of the baby boomer and senior market.

By comparison, a person saving 5 % of their income — the current savings rate of baby boomer parents — would net nearly half that by retirement, assuming their savings rate has always been 5 %.

Four are in Florida, perhaps the result of Baby Boomers growing older and relocating to that popular retirement state.

Half of Gen Xers and a third of baby boomers support kids and elderly parents, putting their own budgets and retirement plans in peril.

Yet, according to the Bureau of Labor Statistics, by 2022, 25.6 percent of the labor force will be comprised of baby boomers (up from 11.8 percent in 1992), and by 2020, 46 percent will be comprised of millennials.

Statistic Canada says 18 per cent of baby boomers are over 65.

One survey found that 72 % of millennials believe cohabitation before marriage is a good idea, compared with 63 % of baby boomers.

For example, not only are millions of Baby Boomers now reaching retirement age, some 90 million so - called Millennials or «Gen - Yers» are now entering the workforce — and creating new patterns of consumption and demand, says Jack Plunkett, CEO at Plunkett Research.

Researchers have found that more than half of Millennials prefer to consume email via a mobile device, compared with only 21 percent of Baby Boomers.

One recent survey found that 30 % of millennials (defined as ages 18 to 36) said they had discussed their pay with coworkers, compared with just 8 % of baby boomers (ages 53 to 71).

We need more young workers to fund the old age of the Baby Boomers.

Forty percent of baby boomers are on their mental break by now, and it takes until Dec. 20 for older workers to check out.

The retirement of the baby boomers will leave the country with fewer economic actors, and the workers who remain aren't productive enough to make up for the lost output.

Fidelity Charitable, the nonprofit arm of Fidelity Investments that runs its donor - advised fund program, found that 71 percent of millennial women give to charity based on the moment while less than half of baby boomer women do so.

Seventy - one percent of millennial women give to charity based on the moment, while less than half of baby boomer women do so, according to a new study from Fidelity Charitable.

To that point, 69 percent of baby boomers — a generation of individuals who are either in or approaching retirement — expect Social Security to be a «major» source of retirement income, according to a new report released this month by the Insured Retirement Institute.

In fact, Cornerstone's Career Trends Report found that 81 percent of Baby Boomers, 91 percent of Gen Xers and 94 percent of Millennials would consider a lateral career move with no financial incentive.

Go back to that big number of Baby Boomers — 77 million according to Goldman, a large percentage of whom are still providing significant levels of support for their grown up kids.

Looking more closely at how different generations are impacted by these changes, the report found that 43 percent of millennials feel personally affected by the skills gap, compared to 38 percent of generation X and 23 percent of baby boomers.

Millennials most prefer going online: 49 percent say they have made virtual payments compared to 44 percent of those in Generation X and 32 percent of baby boomers.

Millennials crave stylish settings but often lack the deep pockets of Baby Boomers, accounting for the surge of value - chic brands.

That includes 61 percent of millennials and 44 percent of baby boomers.

Indeed, this younger cohort will be in demand to fill the shoes of baby boomers and even older workers aging out of the workforce.

As millions of baby boomers flip the switch from gainfully employed to living off their savings, the financial decisions they face are countless and complex.

That compares with 30 percent of Gen X and 19 percent of baby boomers.

People looking to get to the top of the ladder can be comforted by the impending retirement of the baby boomers, which will open up many positions.

But the explanations why the rate fell by nearly half a percentage point in Statistics Canada's latest jobs report hint at another trend — the first wave of baby boomers leaving the workplace.

Canadian demographer David Foot, who made a name for himself following the entrails of the baby boom and wrote the book Boom, Bust and Echo, has been warning for years that an aging workforce inevitably leads to slower economic growth.

That compares with 40 percent of baby boomers and just 20 percent of silents.

In the 23rd Actuarial Report on the Canada Pension Plan (OCA, 2007), the Office of the Chief Actuary (OCA) certified that, in spite of the substantial increase in CPP benefit payments that would result from the retirement of the baby boom generation, the current legislated contribution rate of 9.9 per cent for employers and employees combined would be more than enough to pay for benefits through 2075.

The combination of baby boomers not wanting to own homes and millennials that are staying in the rental market longer, either because they are unable to buy or simply delaying that decision to buy a home, supports strong renter demand.

These needs — which will only become more urgent as millions of baby boomers head to retirement over the next decade and a half — are long term, regardless of what markets are doing today.»

The last of the baby boomers won't reach retirement for another 16 years, so the economy is facing a demographic headwind.

Generation X shares some of the characteristics of both baby boomers and millennials, although tendencies for Generation X appear to vary more widely from individual to individual.

The current shift of the Baby Boomer bulge from work to retirement presents a huge challenge to the world's policy markers and the world needs to build its own financial seawall - a retirement seawall — to manage this issue.

About 26 percent of Americans under the age of 30 own stocks compared to 58 percent of baby boomers, according to Bankrate.com.

So it was no surprise that our 2018 State of Small Business survey, recently launched in partnership with online lending marketplace LendingClub, reflected that this trend of baby boomers in business is here to stay.

Only 13 % said they would shift out of their current positions and into cash, but that was also the highest of the age groups surveyed: only 8 % of Generation X investors plan to cash out over the second half of 2017, while just 7 % of baby boomers expect to.

New research shows that more than 75 percent of workers aged 18 to 24 say employee perks are crucial to their job satisfaction, compared to only half of baby boomers.

Nearly half of baby boomers, 46 %, said they would stand pat with their current portfolio constructions, while 37 % said they would reallocate.

CBO explains that long - term growth is constrained by relatively slow labor force growth because of the ongoing retirement of the baby boomers.