We need more young workers to fund
the old age of the Baby Boomers.
Not exact matches
Generation X (
aged 35 to 54) is saving 8 %
of their income and working
baby boomers (55 and
older) are socking away just 5 %.
Indeed, this younger cohort will be in demand to fill the shoes
of baby boomers and even
older workers
aging out
of the workforce.
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.
We compared the responses
of Millennials with those
of consumers
of other generations — Gen - Xers (
ages 35 to approximately 49),
baby boomers (
ages approximately 50 to 69), and the so - called silents (
ages approximately 70 and
older).
Importantly the poll also found that Canadians
aged 18 - 34 actually trail
Baby Boomers in RRSP ownership and contribution rates with only 43 per cent
of young people holding RRSPs compared to 69 per cent
of older Canadians, so there is an urgent need to encourage and empower younger Canadians to start saving.
But with the
baby boom cresting toward
old age, «there are going to be an awful lot
of older adults riding transit in the next 10 years,» she said.
In 2015, 25 %
of millennials consumed foods and beverages that were certified organic, which compared to 17 %
of young
baby boomers (
ages 45 - 54) and 19 %
of older baby boomers (
ages 55 - 64), she said.
The share is projected to slip further, to 23 % by 2050, even as the percentage
of people 65 and
older is expected to jump from 13 % today to roughly 20 % by 2050 due to the
aging of baby boomers and beyond.
It has become increasingly common for politicians and commentators to criticise the attitudes, behaviour and lifestyle
of the «
baby boomers», who are now entering
old age.
Facing the specter
of Alzheimer's disease, the most devastating and widespread manifestation
of brain deterioration in
old age, worried
baby boomers have inspired whole catalogs
of brain - fitness books and services.
Barring a medical breakthrough, the incidence
of the disease is expected to reach epidemic proportions as the nation's 76 million
baby boomers move into
old age.
As independent as they may strive to be, the
baby boomers will not escape chronic illness and the other ravages
of old age.
The population
of Americans
age 65 years or
older is expected to double during the next 25 years to about 72 million, as
baby boomers age and people live longer.
Don't forget that regular weight training has many health benefits which you may not appreciate yet at your
age such as lowering
of blood fats, prevention
of osteoporosis, etc... There is plenty
of baby boomers out there who just started training five years ago who have much better physiques than 20 year
old genetically gifted individuals who have sedentary lifestyles.
The Bolder with
Age article — it seems to me we're just seeing the impact
of us
baby boomers now being
older, who have always pushed boundaries.
Born in the post-war
baby boom this
age group has done much to change the
old ideas and norms
of the world
of work and society.
Perhaps more than any other
old - school American auto brand, Lincoln needs revitalization the most.For those in the
baby boomer age range, just think about what the mention
of a»... Read more
Another librarian agreed: «We should also focus on the «lost»
age group
of older - than - teens - but - younger - than -
baby -
boomers for programs.»
The march
of baby boomers into retirement
age is also a key driver for self - storage, as many
older Americans are starting to sell their larger homes but want to hold on to the things they've collected over the past few decades — all the better for storage REIT like Life Storage Inc (NYSE: LSI).
This is especially true for the 96.7 %
of Canada's population that are
Baby Boomer age or
older.
In 2011, about 13.3 percent
of the country's population was 65 or
older, and now millions
of baby boomers — Americans born during the population spike after World War II — are reaching retirement
age.
Another stronghold
of constituents is the 18 - 29 year
old age group, the children
of the
baby boomers and the largest
age group in America as
of 1999.
This shouldn't come as a surprise to anyone since the youngest
of the
Baby Boomers will be passing the
age of 50 in 2015 (and the
oldest will turn 69).
No matter how careful an
older driver is, the reality is that
Baby Boomers reaching retirement
age will triple the number
of drivers over the
age of 70 in the next 20 years.
In fact, the
baby boomers, the
oldest of whom turned 65 in 2011, make up a greater share
of the population than any other
age group.
Even in the
old days, late - period
baby boomers held an average
of 11.7 jobs from
age 18 to 48, according to BLS data.
Industries including insurance, health care, commercial real estate, logistics and many others have
older age profiles and face the loss
of baby -
boomers to retirement in the next 10 years.
One
of the main reasons for this growth is the
aging of baby boomers, who likely will need more prescriptions as they get
older.
Three reasons for the large job growth are the Affordable Care Act's increased medical documentation requirements, the increasing availability
of medical care to the general population, and the
aging population
of baby boomers, who will need more medical care as they get
older.
The
aging of the
baby boom generation could fuel a 75 percent increase in the number
of Americans
aged 65 and
older requiring
The generation
of baby boomers is getting
older and the need for
aged care workers is increasing accordingly.
Advances in pharmaceutical research have resulted in the increased use
of medications to fight disease, and the
aging of the
baby boomers has created a large generation
of older people, who on average use more prescription drugs.
With the
aging of the
baby -
boom generation, defined as persons born between 1946 and 1964, the
older age cohorts are expected to make up a much larger share
of the labor force.
A new study on «The Gray Divorce Revolution,» from the National Center for Family & Marriage Research, says 1 in 3 members
of the
baby boomer generation will be unmarried in
old age.
While the population
aged 65 and over accounts for 18 per cent
of Quebec's population in 2016, it will reach 26 per cent in 2036 as
baby boomers become
older.
The report — «Housing America's
Older Adults, Meeting the Need
of an
Aging Population» — notes that younger
baby boomers in their 50s aren't as financially stable as their parents.
Aging baby boomers are not selling out and moving into rest homes, but rather selfishly clinging to the
old sod and forcing the kids to go and buy their own chunk
of the Canadian dream.
How can cities best adapt to meet the wide - ranging needs
of older Americans as
baby boomers reach retirement
age?
By 2030, the number
of adults
aged 65 and
older is expected to more than double to 73 million, and the report's authors are calling for several recommendations to better help
baby boomers afford retirement.
Baby boomers aged 55 and
older represented one - quarter
of renter households in 2014, an increase
of 42 percent over the last decade.
Meanwhile, the country's
baby boomer generation is entering
old age — and living longer — just as the cost
of health care is skyrocketing.
Even with the increase
of online shopping particularly more prevalent with the younger Millennials, you'll find about 37 %
of Baby Boomers between 50 - 69 years
of age to 42 %
of older individuals, 69 — 89, finding more value in having shopping nearby.
The inertia
of young adults, who have historically been more mobile than
older generations, and an increasing desire among
baby boomers to stay put has been a roadblock for American mobility rates, which have declined for every
age group.