Baby boomers are the first generation in American history to be entering retirement saddled with debt, including unpaid balances on credit cards. The financial crisis in 2008 that sent the economy into a recession crippled many baby boomers’ retirement accounts, forcing many to stay in the workforce or significantly alter their retirement lifestyle plans. Now, the oldest of the boomer generation are receiving Social Security checks alongside notices from bill collectors. According to the report The Plastic Safety Net by public policy organization Demos, Millennial’s (those born after 1980) average credit card debt is $ 2,982. For those 65+, the [...]
Last year, the tablet PC market experienced previously unprecedented growth during the holiday season and on a worldwide scale, sales increased by an incredible 256% throughout the course of 2011. In the United States alone, tablet device ownership amongst adults increased from 10% to 19% in a month-long period between December 2011 and January 2012. While some predicted that the “tablet trend” would quickly fade, the market has remained strong throughout this year and is expected to skyrocket in the fourth quarter of this year with the debut of a new generation of tablet PCs. Apple’s iPad 2, Amazon’s Kindle [...]
Despite having a diploma in hand, many college grads are finding themselves in the same type jobs they were working at before and during their college years. A recent study by PayScale and Millennial Branding shows that although more than 63% of Gen Y workers have a bachelor’s degree, the most commonly-reported jobs held by Gen Yers don’t necessarily require a college degree. “Years ago, there was a linear path where you work hard in high school, get into a good college, get an internship, that internship would turn into a job, that job would last for life until you [...]
A rendering of the Aerion SBJ, a proposed eight to 12-passenger business jet whose backers predict it will enter service by 2020.
Free running might not become an office staple, but greater flexibility and less lengthy meetings might become the norm. Those born between 1979 and 1997 will be dominant age group in workforce in ten years Difference in values between baby boomers and Generation Y set to transform offices’Millennials’ put more emphasis on flexibility, personal attachment to work, suggests reportAnalysts suggest that offices need to be able to cater for all generations to thrive It could be out with old meeting rooms and in with new social spaces, as Generation Y is set to transform the way we work in the [...]
In a pickle over how to support your adult children and care for your aging parents while also securing a stable retirement for yourself? You’re not alone. This demographic of baby boomers is also called “the sandwich generation” and has its own particular dilemmas when it comes to financial planning for the future. Sandwich boomers may be simultaneously struggling with how to pay for college for their children while wondering how to help their parents fund nursing home care — and stressing out over an inadequate retirement plan for themselves. The National Association of Insurance Commissioners (NAIC) has joined the [...]