Pioneering employers like AltaGas that offer flexible arrangements to their older permanent employees usually have an eye to trying to retain the skills and experience
of their aging baby boomers a little longer.
With the core demographic
of aging baby boomers on the rise, cruise lines are a growing market.
Research undertaken ahead of Vitafoods Europe suggests that the needs
of ageing baby boomers will shape the nutraceutical agenda over the next decade.
If you're among the millions
of aging baby boomers who cringe every time they see the cashier ring up a box of Depends, take heart: That problem may soon be a thing of the past.
Or am I just blowing smoke because I'm one
of those aging baby boomers who grew up with easy, cheap power and want to rekindle my youth?
But if Jeff Bezos's eyes should ever go downhill in a serious way — a risk for millions
of aging baby boomers — he could still enjoy e-books on inexpensive E Ink Kindles.
The average person's lifespan has increased two years per decade for the past 50 years, said Foot, author of the best - selling «Boom, Bust and Echo,» which anticipated the impact
of the aging baby boom.
Anant Ahuja, Christopher Begg, and Jack McManus have laid out the model for East Coast Asset Management and point out that Becton Dickinson is a niche business with a diverse set of products aimed at capitalizing on the increasing amount
of aging baby boomers.
Increasing costs for senior citizens on a fixed income are giving an entire generation
of aging baby boomers cause for concern.
«Historically, when a person hits their early - to mid-seventies, their propensity to have a pet declines sharply, so as we look at the huge generation
of aging baby boomers, there has to be some concern,» says Michael Johnson, vice president of marketing and information for Chuck Latham Associates, a sales and marketing company.
Marfa is now attracting both the creatively inclined and the elite, forgoing its legacy of ranch hands and cowboys in favor
of aging baby boomers scouting a second home.
Jobs in healthcare will remain strong because
of aging baby boomers, even as the overall unemployment rates will reach double digits.
February 13, 2017 — «Because
of an aging baby boomer generation, Indiana is seeing a swift increase in the number of elder abuse and exploitation cases throughout the state.»
Med techs have an indispensable place in the health care field, and demand will increase as a result of the growing needs
of aging baby boomers, advances in health care technology, and changing health care laws.
Job growth is expected to be faster than average, thanks to growing demand for service sector jobs, the looming retirement
of aging baby boomers, and broad efforts to create job growth.
This need will be due, in large part, to the large number
of aging baby boomers, who will need more medical professionals to care for them.
A growing number of organizations are adding counseling positions that focus on working with the large number
of aging baby boomers, and many others continue to expand by adding prevention programs to their responsibilities.
This is an opportunity for skilled nursing operators who cater to the rehabilitation needs
of the aging baby boomers, for example, who often require re-integration services as they recover from knee and hip replacement surgeries.
Who will pay the cost of long - term care for millions
of aging baby boomers?
Buyers are attracted to the positive outlook for the healthcare sector due to the anticipated needs
of an aging baby boomer population.
Demand for medical services and facilities will continue to increase because of changing health care needs
of aging baby boomers and expanded health insurance coverage created by the federal Patient Protection and Affordable Care Act.
A new Re / Max report says the full impact
of an aging baby boom generation is fueling «unprecedented demand for recreational properties» in 67 per cent of the 40 markets surveyed during the first quarter of 2006.
Looking ahead, Mace said one of NIC's initiatives is to boost awareness of the looming problem
of aging baby boomers who have not saved enough to pay for housing with supportive services.
Real estate, though cyclical, is being influenced by new parameters that have to be weighed in the balance — including demographics and preferences
of aging baby boomers, the economic impact of ever - increasing oil prices and the like.
Not exact matches
However, our study found that
Baby Boomers (
age 53 - 70) make up 24 percent
of the on - demand workforce, while GenX's (
age 35 - 52) actually make up a greater percentage (41 percent) than Millennials
aged 18 - 34 (35 percent).
The cohort
of Americans over
age 65 is expanding much faster than the workforce; from 2017 to 2030, 20 million more
baby boomers will reach retirement
age, while only 14 million Americans will begin employment.
Aquatic resistance workouts are growing in popularity, probably due to the
aging population
of active
baby boomers.
But now, with the
aging baby boom generation threatening to strain the country's single - payer system to the breaking point, provinces are exploring new avenues
of public - private partnership.
Although they are most likely to be millennials, Aspirationals can be any
age; 11 %
of them are seniors and 20 % are
baby boomers.
The labor force participation rate has fallen due to cyclical factors such as workers temporarily dropping out
of the workforce because
of discouragement over job prospects, but also due to structural forces such as the
Baby Boomers reaching retirement
age and younger workers staying in school longer.
Moreover, the admittedly quite uncertain long - term budget exercises released by the CBO last October maintain an implicit on - budget surplus under baseline assumptions well past 2030 despite the budgetary pressures from the
aging of the
baby -
boom generation, especially on the major health programs.
As our country's population continues to
age (according to the U.S. Census, by the year 2030, there will be over 57.8 million «
baby boomers» between the
ages of 66 and 84), the demand for quality homecare is sure to increase.
And Forrester researchers highlighted in a study that
baby boomers, between the
ages of 51 and 69, are the «biggest spenders» because they have extra cash from decades
of saving and investing — something millennials just can't afford.
Like sands through the hourglass, America's 76 million
Baby Boomers have come
of age: retirement
age, that is.
Generation X (
aged 35 to 54) is saving 8 %
of their income and working
baby boomers (55 and older) are socking away just 5 %.
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.
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.
In comparison,
baby boomers held an average
of 11.9 jobs from
age 18 to
age 50.
Not only that, the arrival
of the
baby -
boom generation at retirement
age over the next two decades will see the ratio
of seniors to working -
age people (
aged 20 to 64) go from just over 1:5 in 2006 to 1:2 by 2056.
Overall, a majority (51 %)
of respondents
aged 18 - 34 said they thought that «the policies and actions undertaken by the
Baby Boomer generation» had made things worse for America.
In other words, demographics alone have shaved two percentage points off participation, as the large
baby boomer generation started to reach retirement
age around the start
of the recession.»
The generation with the largest chunk
of savers holding equity stakes at least 10 percentage points above Fidelity's recommended allocation for their
age is
baby boomers, coming in at 26 percent.
Part
of that decline has been due to difficult economic conditions after the financial crisis
of 2008, but part
of it is also due to simple demographics: The
baby boomers are hitting retirement
age, and young people are more likely to go to college or graduate school, meaning that fewer people will want to work.
«As the
baby -
boom generation approaches retirement
age, the number
of cases
of impotence will [likely] increase,» noted the company's annual report in 1996.
They cite the needs
of the
aging baby -
boomer market — a megapopulation
of educated women now entering their peak years
of earning and spending.
Indeed, this younger cohort will be in demand to fill the shoes
of baby boomers and even older workers
aging out
of the workforce.
«We have
baby boomers coming down the pike and getting close to that
age, and so we want to look more frequently at flexible arrangements,» says Nicole Arienzale, AltaGas director
of human resources and administrative services.
Unfortunately, what feels «just right» to today's button - downed male
baby boomer male often feels «too cold» for women
of any
age because, as science has repeatedly shown, women get colder faster and more easily than men.
Baby boomers have most
of the wealth and the housing, so «millennials are doing less well than their parents at the same
age.»