Many Baby Boomers starting businesses instead of retiring to rockers
Posted On July 30, 2018
As millennials take over the workforce and Generation X moves into management, Baby Boomers are ready to slide off into retirement. But what if they don’t? Citing a 2018 small business trends surveyby Guidant Financial, Forbes noted in a recent piecethat instead of retiring, many Baby Boomers are doubling down. While Guidant’s parameters for the Baby Boom generation were a little wide, its survey found that more than half of the country’s small business owners are over 50. And these aren’t just Boomers who have been running their own show for a long time. A 2017 USA Today article notedthat… Read More
Categories: Baby Boomers, Blog, Workplace
Lifeguarding isn’t just for the young anymore
Posted On July 13, 2018
They were the cool kids, the kids we aspired to be. They sat atop their chair, with their mirrored sunglasses and tan skin, twirling a whistle around their finger and reminding us, once again, to stop running and stop hanging on the rope by the diving well. One day, we told ourselves, we’ll be lifeguards too. But a funny thing happened on the way to the pool for today’s generation of would-be lifeguards. According to the Washington Post, you might be just as likely to see a Baby Boomer sitting atop the chair at your neighborhood pool this summer as… Read More
Categories: Baby Boomers, Blog, Parenting, Work, Workplace
Pop the bubble: the value of inclusive decision-making
Posted On May 14, 2018
In my last “What’s Working with Cam Marston” episode, we looked at the value of reverse mentoring. Forbes contributor Erik Larson goes one step further, however: For the best chance at desired results, younger employees need to be part of the decision-making process. A study by Larson’s company, Cloverpop, found that inclusive teams arrive at better decisions — and make them faster — than individual decision-makers. Furthermore, the study found that teams of younger members outperformed older teams by 40 percent in reaching decisions that led to positive outcomes. What’s more, teams that included members of a wide range of… Read More
Categories: Baby Boomers, Blog, Generation Y / Millennials, Workplace
‘This is not the Army:’ Why reverse mentoring can be beneficial for your business
Posted On May 10, 2018
What can we learn from millennials? The best flavor Frappuccino at Starbucks? What all the emojis mean? The appeal of a standing desk? Actually, at least one 60-something CEO believes there’s a lot more we can learn from millennials. That’s why he’s accepted one as a mentor. Mark Tibergien, CEO of Pershing Advisor Solutions, says reverse mentoring – younger employees mentoring their older peers — isn’t just a retention tool for hiring and keeping talented millennials. He and his millennial mentor, Pershing VP of Business Development Kayla Flaten, share how it has been a beneficial tool for both of them… Read More
Categories: Baby Boomers, Generation Y / Millennials, Podcast, Workplace
Sticking to a succession plan and overcoming an ‘epidemic of spinelessness’
Posted On April 18, 2018
The first step to succession planning, as with so many other things, is realizing you have a problem. Succession planning expert Wayne Rivers, our guest in this week’s episode of “What’s Working with Cam Marston,”has seen it all play out many times: An aging business owner tells his son he’s going to turn the company over to him, but then can’t bring himself to let go of the reins and the company suffers in a self-inflicted limbo. With everything else in life edging out of his control – his health, his mobility, his kids’ lives, etc. – the business owner… Read More
Categories: Downloadable Media, Entrepreneurship, Generations, Podcast, Workplace
With Baby Boomers in Golden Years, ‘gray divorces’ are on the rise
Posted On April 2, 2018
As America’s Baby Boomers settle into retirement, it’s time for them to finally reap the rewards of their decades of hard work, take that trip they’ve been putting off, sleep in while the working world is racing itself to the office, enjoy spoiling the grandkids. And, increasingly, to get a divorce. According to the Pew Research Center, divorce among couples 50 and older doubled in the 25 years from 1990 to 2015, from 5 per 1,000 to 10 per 1,000, and tripled among couples 65 and older to 6 per 1,000. While that’s still only about half the rate of… Read More
Categories: Baby Boomers, Wealth
Boomers and millennials find common ground — on vacation
Posted On March 1, 2018
Many Baby Boomers think millennials are lazy, coddled and have entitlement issues. Many millennials find Baby Boomers out of touch, technologically illiterate and over-judgmental. Frank Sinatra or Kanye West. All in the Family or The Walking Dead. Encyclopedias and card catalogues or the internet and smartphones. These two generations can’t have any common ground, can they? Actually, it appears they do – when it comes to travel. Lisa Iannucci, a contributing writer for travelpulse.com, recently talked with several travel industry professionals who saw many similarities between Baby Boomers and millennials in what they want in a vacation: Authentic experiences Learning… Read More
Categories: Baby Boomers, Generation Y / Millennials, Travel
On today’s episode in the Generational Blame Game: The Baby Boomers
Posted On January 16, 2018
A favorite narrative these days goes something like this: If you’re wondering about the source of society’s ills, look no further than the millennials. Participation trophies. Entitlement. Pumpkin spice lattes. No wonder we’re in such a mess. You can hardly run a Google search without finding another blustery column by a Generation X or Baby Boomer writer cataloguing the many different ways in which millennials are screwed up, and how they’ve screwed up the country as a result. And all that is a load of bunk. So says Bruce Gibney, a Gen-Xer who was one of the early investors in… Read More
Categories: Baby Boomers, Recession Economy, Work
Come visit! Well, maybe…
Posted On December 14, 2017
America’s Baby Boomers are at the age where they are either retiring or thinking about retiring. Many of them will move south to Florida – a state that has become known as much for its retirement communities as its beaches and theme parks. Others will go west to Arizona, drawn by the warm, dry climate. Increasingly, however, they are venturing outside their homeland. According to Forbes contributor Alexandra Talty, an increasing number of Americans are retiring abroad. The Social Security Administration sent 100,000 more payments per month overseas this year than it did in 2016 – up to 500,000 from… Read More
Categories: Baby Boomers, Retirement
Get Off My Lawn: Another (Best-Selling) Writer Falls Prey to Millennial Cliche
Posted On September 28, 2017
Another week, another Boomer or Gen Xer writing a column about what’s wrong with millennials. You may recall the Los Angeles Times columnist whose “millennial pledge” drew the ire of younger readers. Or the Birmingham-area judge who vented in an AL.com column about the lack of adversity or sacrifice in millennials’ lives. Ragging on the younger generation seems to be a cottage industry of sorts. Or at least good column fodder. Now, in jumps a bigger fish to this putrid pond. Mitch Albom was already well-known as a longtime Detroit Free Press sports columnist before he gained even greater fame… Read More
Categories: Generation Y / Millennials, Generations