More Working Past 65, Revising Retirement Expectations

More Working Past 65, Revising Retirement Expectations

Posted On May 29, 2012

More Americans than ever are working past the age of 65, according to Labor Department statistics cited by The New York Times. As longevity and health care improves, and as the economy remains tight, more Matures, along with the leading edge of the Baby Boomers, are deciding to stay on the job. Employment among every age group above 65, including those above 75, has risen steadily. The ranks of the 65+ in the workforce swelled noticeably in the last year as the first Boomers reached the traditional retirement-age milestone. “The fact of the matter is that this aging-but-not-yet-aged segment of… Read More

Categories: Baby Boomers, Matures, Work, Workplace

Boomers, Matures Value Legacies Other Than Wealth

Posted On June 7, 2012

A new Allianz survey shows that Baby Boomers think it’s more important for a family to pass on its non-material legacy than to pass on its wealth. 86% of Boomers said it was important for elders to pass on their family’s history and stories to their descendants. 64% place importance on the inheritance of family possessions. But only 9% consider a financial inheritance to be vital. The Matures, the Boomers parents, generally agree with their offspring though they place a relatively higher priority on leaving behind some wealth for their kids. In comparison with the same survey conducted in 2005,… Read More

Categories: Baby Boomers, Blog, Matures

Boomers’ Inheritance Vanishing

Posted On June 15, 2012

Boomers are losing their expected inheritance to their parents’ longevity, according to an analysis in the Wall Street Journal. Matures who have reached their late 60s have as much as a 50-50 chance of living well into their 80s and many into their 90s. Thanks to medical and longevity gains, 85-and-over is the fastest growing age group in the nation. But thanks to that longevity, the Boomers expected inheritance is shrinking as long-lived retirees use their resources to support themselves. It’s long been estimated that over $40 trillion in inheritance would change hands in the first half of this century…. Read More

Categories: Baby Boomers, Matures, Work

Non-Retiring Boomers and Matures Creating Opportunities for Millennials?

Posted On October 18, 2012

Much has been made of Boomers and even Matures working well-past retirement age and potentially denying opportunities to Millennials entering the job market. A new study from the Center for Retirement Research shows that the number of workers staying on after retirement age has steadily increased, whether from necessity or desire, over the last 35 years. However, increased numbers of retirement-age workers corresponds to more opportunities for younger generations, not less. The study shows that when older workers stay on the job, they create more economic growth and consumer demand, which, in turn, create more opportunities for younger workers. “Older… Read More

Categories: Generations, Matures, Recession Economy, Work

Final Look at Election Demographics

Posted On November 6, 2012

Almost exactly one year ago, Pew took a generational look at the coming election and found a distinct generation gap: the preferences of the youngest and the oldest groups of voters were distinctly at odds. A year and billions of dollars of campaigning has altered that basic equation only slightly. Pew’s final look at the demographics of the 2012 election reflects essentially the same gap as its first. In October 2011, Millennials favored the Democratic candidate by a margin of 26 points. Today that margin is 21. A year ago Matures preferred the Republican candidate by a margin of 10…. Read More

Categories: Generations, Matures, Voting Behavior

Generations Donate Differently

Posted On July 14, 2011

Studies of generational philanthropy show that different generations give to charity differently, both in amount and in how they choose a charity. Various studies show that donors from the Mature and Baby Boomer generations tend to give to charities that they are familiar with or have a personal connection to. Gen Xers and Millennials, on the other hand, tend to choose philanthropies that support causes that are important to them, even if those causes are far removed from any personal or community connection. So, while a Boomer might donate to a health organization because she knows those involved and affected… Read More

Categories: Baby Boomers, Charity, Generations, Matures

The Next Baby Bust?

Posted On July 19, 2011

In the 1930s and 40s, the Depression and World War II suppressed birth rates and created the Silent Generation (now part of the Matures) who were named “Silent” in part because there were so few of them. And the advent of the birth control pill in the 1960s had the same effect, leading to the “Baby Bust,” now known as Generation X. Now, the 2010 U.S. Census indicates that the current generation of children, born mostly to the smallish Generation X, represents the next “baby bust.” Census figures show that children now make up a smaller percentage of the nation’s… Read More

Categories: Baby Boomers, Generations, Matures

Generation Rent?

Posted On March 8, 2012

Millennials are starting to feel like the dream of home ownership is just that – a dream. As the leading edge of the generation moves into its 30s, many of them are still finding the goal of owning a home elusive. According to the Federal Reserve, only 9% of 29-34 year olds got a mortgage between 2009 and 2011. That’s about half the rate of a decade ago for the same age group. According to CreditKarma.com, only 11% of twenty-somethings have a mortgage compared with figure of 30% for all consumers. Millennials are victims of a perfect storm that’s keeping… Read More

Categories: Home Ownership, Matures, Recession Economy

Facebook Gets Grayer

Posted On September 7, 2011

According to the Pew Center’s latest look at social media, Baby Boomers and Matures are now the demographics driving explosive growth in social networking, while Millennials’ use of such sites has flattened. While social networking sites are still enormously popular among Millennials – 83% use them – growth in their popularity within the younger demographic has stalled, and even declined over the past year (from 86%). On the other hand, the growth in the use of social media among older generations has been as phenomenal as it was among Millennials just a few years ago. Over the past two years,… Read More

Categories: Baby Boomers, Generations, Matures
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