Gen X Surpassing Boomers in Cosmetic Surgery

Gen X Surpassing Boomers in Cosmetic Surgery

Posted On December 22, 2011

Although Baby Boomers are known as the “forever young” generation, Generation X has now surpassed them in seeking cosmetic surgery and other procedures that help maintain a youthful appearance. According to the American Society for Aesthetic Plastic Surgery, Gen Xers (now aged 31-45) accounted for 43% of all aesthetic surgical procedures last year. Baby Boomers accounted for just 28%. Baby Boomers may be less interested in cosmetic surgery as they retire while Gen Xers who are reaching their career peaks may feel more pressure to “maintain appearances.” Gen Xers are also more likely to have postponed milestones of adulthood like… Read More

Categories: Baby Boomers

Millennials and Gen X Not Saving for Retirement

Posted On December 27, 2011

Despite the cautionary example of Baby Boomers who are barely scraping enough together to retire, Gen Xers and Millennials are falling behind in retirement savings, according to a report from Hewitt Associates. The report shows that younger generations are not setting aside enough for retirement even though, in surveys, they say they do not believe they can count on social security or pensions to sustain them in their golden years. The report shows that at least one third of eligible Gen X and Millennial employees elect not to participate in employer-sponsored retirement plans. Among younger Millennials, the non-participation rate is… Read More

Categories: Work

Boomers Funding Millennial Homeownership

Posted On December 2, 2011

At least 20% of Baby Boomers are helping their Millennial children or grandchildren realize the dream of homeownership, according to a Better Homes and Gardens survey. One in five Boomers surveyed had gifted, loaned, or co-signed in support of a Millennial’s purchase of a home. More than two-thirds expressed a desire to provide such support in the future to their children or grandchildren, many intending to do so on multiple occasions. This growing trend highlights a generational imbalance in wealth – Matures and Boomers have accumulated a lot of it whereas Millennials are finding it more difficult to get hold… Read More

Categories: Baby Boomers, Home Ownership, Real Estate, Training Industry

Millennials Are The New Slackers

Posted On December 8, 2011

Now that Xers have given up their generational title of “Slackers,” Millennials have picked up where they left off. Just last month, we noted that it’s now unfair to call Generation X “slackers”: studies show that they work hard and apply themselves in all aspects of life. But now a new survey of Millennials’ coworkers shows that the youngest generation in the workplace is perceived as lazy and disengaged from their work. The poll, conducted by Workplace Options, showed that 77% of those asked believe that Millennials have a different attitude towards work than older generations. 46% say Millennials are… Read More

Categories: Generations, Workplace

Generation X, Millennials Boosting Business Travel

Posted On December 13, 2011

Business travel is projected to rebound in 2012, with Millennial and Gen X business travelers leading the way. In a new Deloitte survey, 27% of Gen X and Millennials say they will travel more for business next year, nearly twice the percentage of Boomers and Matures who plan to take more trips. When traveling for business, younger generations tend be more loyal to their favorite hotel brands with nearly half saying they like to stick with the same brand regardless of location or convenience. Only about a third of travelers over 45 share that brand loyalty. A majority of older… Read More

Categories: Travel

80 Is The New 65

Posted On December 1, 2011

Wells Fargo’s 7th annual retirement survey, released this month, shows that an increasing number of Americans are planning to work beyond the traditional retirement age of 65. Three quarters of those surveyed, across all age groups, said they expected to continue to work past 65. Half of those expect to work out of necessity. 25% said they expected to retire at 80. Baby Boomers are the most likely to feel compelled to work. Over half of Boomers expect to keep working into retirement because they have to. Another quarter expects to work past 65 because they want to.  In contrast,… Read More

Categories: Baby Boomers, Work