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Baby Boomers??? I am going to have a business major....what challenges do you think baby boomers will have on our generation just coming into the business world???? How can we deal with these situations?
what challenges will we face working in the business world due to baby boomers??? jude replied: "Please be more specific." What percentage of baby boomers will want to work past the age of 65? I figure up to 75%. Many out of necessity and the rest out of desire. Most retirees will want to work at least part time because they need to for basic necessities or they want to for life style enhancement or to serve society in some way. That's why I don't believe the projections that there will be a labor shortage when baby boomers retire. There may be a shortage in some areas, but not in most. There probably will be a shortage of part time work that baby boomers would be willing to do. basicporkandbeans replied: "It is a guess. The underlying truth is when do net savers become net spenders. If net spending becomes too high then it can be inflationary. Currently this has been concentrated in housing and the stock market, but it is starting to leak out to other markets as these appear to be saturated."
angelzwings20032001 replied: "I don't think any one wants to work past the age of 65. I will be ready to travel the world or do something better with my time."
Sophiesmama replied: "If I am in good health, then I wouldn't mind working part time after 65, but I don't see myself handing out burgers at mcdonalds then!"
bullet b replied: "why plan your life to retire at age 65. try 40 by planning ahead and leave the rest in the dust blind as a bat because they like to follow the governments definition of retirement. bill gate did it so can you." Are baby boomers going to break the stock market? I know this might seem overreactive. But If all these baby boomers retire in huge droves, and all demand their retirement all at once. Could that cause financial problems for retirement funds and the stock market? mikem33607 replied: "Quite the contrary. Their aging parents are dying and leaving huge inheritances which they promptly invest."
Neenie replied: "Baby boomers are ruining the whole world...
They've set up a system that makes it incredibly difficult for their children to succeed.
They've set up policies that put the generation before them at a disadvantage economically.
They're relying on their children to take care of them in their old age.
They're going to suck the American economy dry once they all start retiring.
And once they all start getting sick forget trying to go to the doctor."
FozzieBear replied: "The problem is that they're all holding onto their money and keeping it out of the economy. The economy does better when money changes hands.
."
Master Tong replied: "That may seem to happen but it is unlikely. Baby-Boomers are too restless and find that sitting in a rocking chair too boring. Most will continue to work as semi-retired so they feel needed. Many foreigners invests heavily into the American companies and the U.S. treasury bills which will help continue to strengthen the stock market in the long run."
bob shark replied: "The baby boomers are going to live for another 25 years on average and they need to keep the money invested to create an income, so don't worry about that reason for a market change" Do you think the baby boomers have done a good job managing companies and their lives? Baby boomers are the people born between 1946-1964 and have been in power for many years now.
How are baby boomers doing? What suggestions do you have for this generation before baby boomers attempt to retire? Ahhhhhhhhh screw it replied: "Kids these days are lazy and expect things to be handed to them without working. The boomers may not have been perfect, but they WORKED hard."
THINK replied: "Try and do something about the housing market. The baby boomers enjoyed affordable housing and decent salaries, and a person could earn enough in their mundane job to buy a house, support a spouse and raise a family.
Today two people earning a decent wage can't afford to buy a house in the UK, let alone get married or have a family (ie my partner and I both earn over £15k and have no hope of buying a hosue any time soon)
The younger generation work VERY hard to succeed and deserve the same privelages as their parents enjoyed" What products would baby boomers like to see in a store such as Target that they are unable to find? I'm in college and wondering what would influence baby boomers to buy more products. Is it coupons, more discounts, or maybe products or something from when they were younger? Any information would help. jhughes7667 replied: "better selection of electronicss, movies and books.
Target has a very lame electronics dept." How will baby boomers' deaths affect the national economy? We are the majority. Many baby boomers have focused on retirement and security in their older years. When we pass away and the insurance companies have to pay out our life insurance policies, how will that effect the economy?
Will it cause the dollar to go down?
Will it raise the amount of middle and upper income families? Conversationist replied: "It will have a limited effect because America is growing like crazy and letting in over 1.5 million immigrants a year. They will take over for the baby boom."
Dave H replied: "The baby boomers' deaths will not affect the national economy nearly as much as their retirements will. Baby boomers as a segment of the population have not saved enough money (where money is a representation of work) over their working life to give themselves an adequately similar lifestyle over their retirements.
Plus, baby boomers hold high-level positions in companies simply because of their work experience and skills acquired over their careers. When millions of these boomers retire beginning in 2008, many jobs will be hard to fill with new people because there simply aren't enough skilled workers in the US to supply all the spots companies would like to fill. Meanwhile, there is an absolute glut of unskilled workers, which continues to grow.
In short, underfunded retirements will force baby boomers to work longer or take reductions in retirement payments from social security and their own private sources, and skilled workers will probably see their wages increase substantially as employers struggle to hold onto the skilled workers they can find."
Andrew S replied: "The "echo boom" (the boomer's kids) is also quite large; they'll also be very tech savvy and, out of all of the succeeding generations, will have the largest amount of college grads.
As the other posters correctly mentioned, boomer deaths won't affect the economy as much as their retirement and health care.
That'll be costly; it'll happen before the echo boom hits their highest earning potential. We'll be taxed to our knees paying for their health care and pensions - and those benefits won't be there for Gen X-Z. But it'll even out eventually.
Life Insurance companies are making lots of money; the Boomers will live longer than expected; Life companies are highly regulated and are required to have enough money to pay claims. They'll be fine.
The dollar will go up or down depending on interest rates(primarily), the economy, US Fiscal (taxing and spending) policies, exports/imports, etc. It always fluctuates - the Fed essentially moves it up or down by setting target interest rates.
The current interest rates are probably too low & will cause inflation; to raise interest rates now, however, would likely cause a recession, business failures, unemployment, etc. Time will tell, as it always does.
There is currently a trend towards middle income families moving up in income and moving down - upwardly mobile and downwardly mobile-the middle class is separating and moving toward either ends of the spectrum, richer or poorer.
This is arguably independent of generational demographics; it's likely a function of our economy moving away from lower skilled, mass manufacturing towards specialized manufacturing and highly skilled services.
This favors skilled and educated workers, but there's also a substantial group on the other side of the "digital divide" that's seeing lower incomes and standards of living.
The 21st century American economy favors the knowledge worker like never before - the state of our public eduction systems leaves much to be desired, in many instances. Again, time will tell. But Boomer deaths won't hurt the economy." What kind of entertainment events would attract baby boomers? I currently have a business that has ample space to hold parties that would attract baby boomers 40+ year olds. I need ideas to bring them in to increase my sales, any help would be greatly appreciated! MAK replied: "Bring all the doo wap singers, I'll be there." What are the effects the baby boomers will have on out economy? What are the effects the baby boomers will have on our economy ? what type of arguments could i make? Worldly25 replied: "Vast drain on medical resources and Social Security. Since the boomers outnumber the younger generations there will be more people collecting Social Security then paying in."
kono1 replied: "There is a CVS, Walgreens, or some other version of a drug store on every corner in America today. This is largely due to the large number of baby boomers' need for prescription drugs. They are a huge burden on the social security system because of their number."
Star replied: "The Baby Boom Generation is named after the explosion in fertility rates from the 1940s up to the early 1960s. There were two important contributors to the boom. First, was the return home of World War II soldiers. I think I read it some where that there was about 400,000.
American baby boomers report more problems with their health than any other generation to date. The will drain medical exp, They are the most Pill popping (prescription, vitamines, Marijuana)generation." The Influence of the Baby Boomers and the generations after them? Hey,
I need some help on this topic. How did the baby boomers influence North America? How big was the impact? How do they continue to influence North America?
Please help! Carl P replied: "The second wave of boomers came just as the world and Americas where zooming intot he new technolgy wave. from the 1960's to the end of the boomer era, mankind had finially learned to make technolgy cheaper, smaller and more reliable. Hence everyone wanted some of it. Do not think in terms of computers (yet).
we are talking automatic transmissions on cars, color tv's, Kitchen hardware that nade life easier and faster. Even handheld calulators did not mass produce until the mid 1970's. Still the buy it now and use credit became the way of the boomers. Before that the rule was if you have cash, you can buy it - otherwise just keep looking.
More or less the boomer way of life changed the way of business from cash to credit. Extending ones potential on what one hopes to earn.
They continue to influence the way people think with too many of them (us) living in a throw away society. Disregarding the effects of polution and landfills overflowing. Using plastic bottles when not needed, trashing goods that could be fixed or recycled, etc. We are (many of us) learning to be more prudent and careful of the environment, however with money it is still buy now pay later. And we teach the children to think the same way." Baby Boomers, What activities do you participate in with your family? I am working on a design project for improving family relations/connections between Baby Boomers and their family. Thanks! Nonya replied: "my father would take us out on vactions that meant something 2 him.
then tell us stories about his memories" |
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Baby Boom Generation - Wikipedia, the free encyclopedia American Association of Baby Boomers Baby Boom Generation - Wikipedia, the free encyclopedia baby boomer: Definition from Answers.com US Census Press Releases Baby Boomers, Retirement, Health Care, Finance, and Boomer Trends from ... Baby Boomers Baby Boomers, Retirement, Health Care, Finance, and Boomer Trends from ... Baby Boomer Headquarters Senior Living - Baby Boomers |
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