And You Thought The Millennials Were in Charge?
A recent article in USA Today opens up the nasty details on a generation which appears to be swiftly sliding into the driver's seat of economics, politics, and perhaps 40% of most everything. I suppose it is sufficient to say that Love heals the separative wounds of war as well as binds the hearts through progeny for generations. WWII although fought on the front lines in Europe lead to an onslaught of childbirths at 'home' which in turn has produced the huge segment of modern society now known as "Boomers" and I mean HUGE! (Cartoon please)
A REAL situation to be reckoned with, like a domino maze toppling down, the outburst of systemic problems arising from the Boomer epidemic will emulate through every corridor of society affecting all aspects of the economy, especially healthcare. Shopping for everyday consumables will not be the highest priority of these Boomers. They will be focused on more luxurious expenditures such as travel and entertainment. Boomers currently comprise some 41.6% of the consumer spending market, up from 33.5% in 2007. Ten years more should fulfill the Boomer generation's impact on society, from a consumer standpoint, then there is healthcare and end of life preservation practices to consider. What will the REAL impact be and how is it possible to truly estimate the outcome of this affliction? One thing is for certain, a 'Boomer' economy is fast emerging which will have ripple effects around the globe.
Retiring boomers are also leaving vacancies in the Blue Collar job market which are mostly being filled by existing White Collar workers falling back to a more comfortable position with increased quality of life when compared to the cooperate ride they were on. (From seperate article in Business section of USA Today for Monday, July 31, 2017) Boomers, as defined, are the folk aging from 55 to 65 plus, it being difficult to nail down a specific range without fringing over on either end.
A REAL situation to be reckoned with, like a domino maze toppling down, the outburst of systemic problems arising from the Boomer epidemic will emulate through every corridor of society affecting all aspects of the economy, especially healthcare. Shopping for everyday consumables will not be the highest priority of these Boomers. They will be focused on more luxurious expenditures such as travel and entertainment. Boomers currently comprise some 41.6% of the consumer spending market, up from 33.5% in 2007. Ten years more should fulfill the Boomer generation's impact on society, from a consumer standpoint, then there is healthcare and end of life preservation practices to consider. What will the REAL impact be and how is it possible to truly estimate the outcome of this affliction? One thing is for certain, a 'Boomer' economy is fast emerging which will have ripple effects around the globe.
Retiring boomers are also leaving vacancies in the Blue Collar job market which are mostly being filled by existing White Collar workers falling back to a more comfortable position with increased quality of life when compared to the cooperate ride they were on. (From seperate article in Business section of USA Today for Monday, July 31, 2017) Boomers, as defined, are the folk aging from 55 to 65 plus, it being difficult to nail down a specific range without fringing over on either end.
I believe we are looking at a prime case study of what to expect from the Gen X group and possibly the millenials as well. Future generations are however on the decline with birth rates lowering as many are choosing to opt out of child bearing as well as a variety of other complicating issues directly effecting the population. What does all of this mean for today's children? Imagine each consecutive generation bringing with it such an impact as the Boomers are about to force upon the World's forefront. Adjustments will be made in due time as the pressure increases while the younger generations are in constant search for 'greener' pastures employing methods of debt reduction and leaving lighter footprints on the already soiled rugs of this twenty-first century.
Read Article Here. (Video also)
Read Article Here. (Video also)
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