As the holiday shopping season shifts into high gear, Millennials and Baby Boomers both plan to spend, but each generation will shop in its own way. Millennials will use smartphone and online shopping about twice as much as Boomers. Boomers on the other hand, are much more likely to visit brick-and-mortar stores and use traditional coupons and sales. Millennials and Gen Xers plan to spend about $820 on gifts this year while Baby Boomers plan to spend about $760. The big difference is in how they plan to spend the money. About half of Millennials will use smartphones to compare… Read More
Categories: Baby BoomersAs Baby Boomers work towards retirement and see their kids off to college, many are finding that they still have a major responsibility: caring for their parents. 40% of Boomers are caring for their aging parents, all of the Mature generation. And it’s definitely affecting their lives and work: nearly 70% of Boomers report missing work to take care of an elderly relative. 60% have employed caregivers, 10% have left work, and another 10% have reduced the number of hours they work. Many are also caught between caring for their kids and their parents – the classic sandwich generation. But… Read More
Categories: Baby Boomers, Generations, Matureshttps://www.construction-institute.org/news/ac12-nextgen_story.cfm?section=aboutcii Above is a link to an association write up of a program I put together for them on how to get their next generation of leaders prepared for roles of responsibility – how to work with the leaders of today and how to prepare yourself for leadership tomorrow. We seated everyone at rounds and made sure no two people from the same company was together so that the workshop portion could function most effectively. It was two hours long, all customized for this client, with super results. Below is the quote from my CII point of contact for the… Read More
Categories: Baby Boomers, Matures, WorkplaceGeneration X has been notoriously reluctant to embrace appropriate retirement investments. A new Pew study offers a clue as to why: they may be too afraid to even look at them. The study showed that Xers are more afraid than any other generation that their retirement will be accompanied by poverty and destitution. Nearly half (49%) of Xers are not confident they will ever have enough to retire. The fear peaks in those around 38 years old. 53% of them lack confidence about retirement. Among other generations, those figures are in the high 30s/low 40s. This fear corresponds to a… Read More
Categories: Generations, WorkGood article in Forbes blog on parents getting involved with their kids job. I had a long conversation with a client last week over this very thing and many in the audience were incredulous that something like this would be happening out there. It is indeed and is coming to a workplace near you soon! http://www.forbes.com/sites/jennagoudreau/2012/03/13/youth-in-the-office-are-your-parents-meddling-in-your-career/
Categories: Baby Boomers, GenerationsAlthough 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 BoomersMany of the oldest, or “Leading Edge” Baby Boomers are staying on the job longer because they like to work or they haven’t saved enough for retirement. But a good number of them simply wish they had that option. Older Boomers who have lost their jobs due to the recession are having a tough time getting back into the workforce, reports the Wall Street Journal. The unemployment rate among those ages 55-64 is about 6.5%. That’s below the national average but twice the rate for Boomers of just five years ago. More significant is the “underemployment” rate that also counts… Read More
Categories: Baby Boomers, Generations, WorkMillennials are reshaping the workplace with their numbers and their values. A recent Time analysis of recent studies of the Millennial workforce provides a glimpse of the ways that it will change the way we work. For starters, the world’s workforce will be majority-Millennial in just a few years. As soon as next year, the majority of employees at companies such as Ernst and Young will be members of the Millennial generation. And according to one estimate, by 2025, three quarters of the world’s workforce will be Millennials. Along with their numbers, Millennials are bringing their values with them to… Read More
Categories: Generations, WorkplaceWhether to retrain for a new career or to make the most of retirement, Baby Boomers are headed back to school, specifically local and community colleges, in large numbers. According to the American Association of Community Colleges, nearly 400,000 Boomers are enrolled in their member institutions nationwide. Those figures are up 6% from 2007 and 12% from 2005. To accommodate the onslaught of Boomers, a number of colleges have joined the Plus 50 Initiative. The initiative is a collection of programs designed to make campus life more user friendly for an aging population. The programs also aim to shorten the… Read More
Categories: Baby Boomers, EducationWonderful overview of one of my presentations by Dave Fellman. Check out his book at www.dinosaurwisdom.com. http://www.myprintresource.com/article/10577458/sales-clinic-online-talkin-bout-my-g-g-g-generation
Categories: Baby Boomers, Generations