So Why the Advocacy? What is the purpose behind all of this? This article is a great summary

Authors Note: This article raises some great points and I loved this quote, “As today’s teens and 20-somethings enter the workforce, they will partly offset their parents’ exit. Indeed, for many youngpeople, mom and dad can’t retire soon enough; some experts argue that boomers, by staying in the workforce longer than past generations, are essentially clogging the usual professional pathways, leaving few opportunities for people beginning their careers.” Read more: http://fivethirtyeight.com/features/what-baby-boomers-retirement-means-for-the-u-s-economy/ This article is also copied below:

OUR CHANGING ECONOMY 10:24 AM MAY 7, 2014

For decades, the retirement of the baby boom generation has been a looming economic threat. Now, it’s no longer looming — it’s here. Every month, more than a quarter-million Americans turn 65. That’s a trend with profound economic consequences. Simply put, retirees don’t contribute as much to the economy as workers do. They don’t produce anything, at least directly. They don’t spend as much on average. And they’re much more likely to depend on others — the government or their own children, most often — than to support themselves.

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The recession may have delayed the inevitable for a time. The financial crisis wiped away billions in retirement savings, forcing many Americans to work longer than planned. But the stock market has since rebounded, and there are signs that more Americans are at last feeling confident enough to leave the workforce. The labor force participation rate for older Americans — the share of those 55 and older who are working or actively looking for work — has fallen over the past year after rising through the recession and early years of the recovery. Roughly 17 percent of baby boomers now report that they are retired, up from 10 percent in 2010.1

Now that the wave has begun, nothing is likely to stop it. The Census Bureau on Tuesday released a pair of reports that show just how dramatic an impact the graying of the population will have in coming decades.

Nearly a quarter of Americans were born between 1946 and 1964, the typical definition of the baby boom generation. That’s more than 75 million people. In their heyday, the boomers were an unprecedented economic force, pushing up rates of homeownership, consumer spending and, most important of all, employment. It’s no coincidence that the U.S. labor force participation rate — the share of the adult population that has a job or is trying to find one — hit a record high in the late 1990s, when the boomers were at the peak of their working lives.

It’s been downhill ever since. The participation rate hit a 36-year low last month, and while there are multiple reasons for the decline, the aging of the baby boom generation is a dominant factor. In 2003, 82 percent of boomers were part of the labor force; a decade later, that number has declined to 66 percent, and it will only continue to fall.

All else equal, fewer workers means less economic growth. One way to measure this is a figure known as the “dependency ratio,” or the number of people outside of working age (under 18 or over 64) per 100 adults between age 18 and 64.2 The higher the ratio, the worse the news: If more of the population is young or old that leaves fewer working-age people to support them and contribute to the economy.

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The U.S. dependency ratio has been improving in recent decades, falling from 65 in 1980 to 61 in 2000 to 59 in 2010. But now the trend is set to reverse. By 2020, the Census Bureau estimates, the U.S. dependency ratio will be back to 65; in 2030, it will be 75, the worst since the 1960s and 1970s, when the baby boomers were children.

The dependency ratio is a blunt instrument. Not everyone retires the day they turn 65; indeed, as lifespans lengthen (and pensions decline), more people are working later in life. But only up to a point: Plenty of people work past 65; few work past 85.3 It will be a while yet before baby boomers start turning 85, but more of them will get there than any previous generation. By 2050, more than 4 percent of the population will be at least 85 years old, more than double today’s figure.4

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As bad as the U.S. demographics look, things are worse in much of the world. The U.S. has fewer residents over 65, as a share of its population, than most developed countries, and the disparity will only grow in coming decades. In 2050, about 21 percent of the U.S. population will be 65 or older compared to more than 30 percent in much of Western Europe and an incredible 40 percent in Japan. China, as a result of its “one child” policy, faces its own, somewhat different, demographic crisis.

One reason the U.S. is in better shape is its comparatively high rate of immigration. Since people tend to migrate when they are younger, immigrants tend to bring down the age of the population as a whole. Moreover, at least in the U.S., immigrants tend to have a higher birth rate than the native-born population, although the gap has narrowed somewhat in recent years. The future direction of immigration, therefore, makes a big difference to the age breakdown of the U.S. population. The Census Bureau’s demographic estimates are based on a middle-of-the-road projection of future immigration, but the bureau also publishes alternative scenarios. In the “high immigration” scenario, the U.S. has nearly 22 million more working-age residents in 2050 than in the “low immigration” case.

The U.S. also has another trend working in its favor: Baby boomers are retiring just as their children — sometimes known as the “echo boomers” — are entering their prime working years. Boomers are no longer even the largest age cohort; more of today’s Americans were born in the 1980s and 1990s than in the postwar years. As today’s teens and 20-somethings enter the workforce, they will partly offset their parents’ exit. Indeed, for many young people, mom and dad can’t retire soon enough; some experts argue that boomers, by staying in the workforce longer than past generations, are essentially clogging the usual professional pathways, leaving few opportunities for people beginning their careers.

Thanks in part to the echo boomers, the dependency ratio will flatten out by about 2030. Not that long thereafter, the oldest of the echo boomers will begin entering their own retirement years, and the cycle will begin anew.

Continue reading →

4 Ways to Keep Your Millennial Workers Happy by Rieva Lesonsky CEO, President & Founder, GrowBiz Media

4 Ways to Keep Your Millennial Workers Happy by Rieva Lesonsky CEO, President & Founder, GrowBiz Media

A very encouraging and truthful article about how Millennials crave security and longevity in the career, and how our career is more than a job but a pursuit of our life’s passions. We may have a different view of what a job really is versus a career in comparison to previous generations, but our values remain much the same. In fact, there has been research showing that Baby Boomers have job hopped almost as often as Generation Y in the early goings of their career (http://money.cnn.com/2013/04/09/news/economy/millennial-job-hopping/).

Enjoy the article!

Culture Change

I haven’t thought of culture change a lot, but I have been hearing a bunch about it, especially in professional and collegiate football. With more awareness of head trauma and how the game [should] be played and enforced, we’ve seen the game altered just enough toward safety to make it enjoyable to watch again.

However, I never realized how deep the NFL is taking this culture change until this morning when I heard Clay Matthews may be out for several weeks due to a broken thumb. In the past, a broken thumb would get a cast and bandaged up and the player would return to the lineup the very next week (ala Brett Favre).

Now, it’s taken care of properly and the player doesn’t return until they are medically cleared. Even for a guy like Clay Matthews, who plays hard and breaks hard.

Culture Change. 

At first my reaction to the news was, what! Matthews out for a month or more? Here is a guy who can’t buy an injury break. As talented as he is, he’s been injured to some extent every year around the mid part of the season.

It’s a broken thumb you ninny…

Continue reading →

Social Media Help!

Social Media Help!

A (not-so) infographic of websites that are dedicated to breaking down the social media-verse

Millennials: Turns Out the ‘Entitled Generation’ Is Willing to Sacrifice

Ken Pearson:

Another great article showcasing how we are fighting the stereotypes of our generation and trying to grow up, become responsible not only for ourselves but for the messes of past generations and get ahead despite our fumbling start.

Originally posted on Business & Money:

By most account, America’s young consumers are stereotyped as a selfish, impulsive, highly indulged bunch. More so than other age groups, Gen Y has been shown to splurge on restaurant meals they probably can’t afford, pamper themselves with impulse buys, and partake in “self-gifting” during the holidays. They’ve also been criticized in the workplace for focusing on their own needs rather than on-the-job performance.

But the idea that all millennials act the same way, or that millennials as a group are entirely self-centered and unwilling to sacrifice is just plain wrong. Here’s some proof:

They’re eating out less. Normally, young people can be counted on to frequently eat out at restaurants. In 2007, for instance, Americans in the 18 to 34-year-old demographic averaged 252 dining experiences outside the house annually. According to a new study from the NPD Group, the current average for that same age group is…

View original 714 more words

Just How Underemployed Is Gen Y?

Ken Pearson:

I think this article paints a strong picture for many situations that us millennials find ourselves in. Hopefully it’s a strong starter of throwing off the stigmas that come from being associated with Gen Y. We are not selfish, lazy and unmotivated…we are resourceful, trying to survive and feel an unprecedented urgency to get things done and find sustainable change to the world that our predecessors left for us to clean up.

Originally posted on Business & Money:

Gen Y is in a bind. This group of 18- to 29-year-olds has been told they must go to college in order to find a decent job. Yet upon graduating, few jobs are available to young people — and those that are open often don’t require a college degree.

View original 788 more words

How Does God View Work? Part Two

Part One Recap:

Growing up millennials were told:

  • Go to college right after high school and get a degree, any degree—everyone needs to go to college, a 4-year degree is preferred, a post-graduate will solidify your way
  • Work extra hard, get solid grades, and join as many extracurricular activities as possible
  • Gain work experience through internships and externships
  • Even if you take out student loans you’ll get a strong paying job that will cover the payments
  • By the time you graduate a mass exodus of boomers will be retiring opening up a lot of jobs

What reality has taught us:

  • Technology and streamlining/downsizing/rightsizing have eliminated many positions
  • The economy crashed causing many boomers to lose life savings or find crushing investment losses
  • Boomers just like to work and work and work and work
  • There are many millennials with college degrees working in retail, foodservice or other traditionally low wage/low hour positions

As a result, many millennials feel duped, shortchanged, under appreciated and financially strapped from buying homes, getting married, raising families and paying off loan debt

So how does God view work?

As I said last week, God went first.  Work was meant for something that we were supposed to do to worship and glorify Him through using our gifts and talents, regardless of our actual work position.  We were meant to work to bring dignity and resources into our home.  The following scriptures (NIV) give a snapshot of work and will be the defining scriptures for the rest of the blog. Continue reading →

How does God View Work? Part One

Grant_Wood_-_American_Gothic_1930

American Gothic by Grant Wood, 1930

Growing up in my parents and grandparents world, work to me was taught as something you did for 25-30 years at the same place of employment, maybe two…three if you’re unlucky or bored, and then retired.  Previous to my grandparents, and even part of my grandparents, most people worked in an agricultural job, either farming or something related, and rarely made the big move to the city to take on different styles of work.

Heaven forbid an office job!

Fast forward to today and we have a staggering amount of young professionals entering the workforce, underemployed, misemployed or dissatisfied with their current career.  In addition, many boomers and Generation Xers are still working hard Millennial Graduateto make ends meet.  A lot of these people are also in the same boat as the millennial generation in work, and sadly, even more of these folks are unemployed!

Gone are the days of loyalty of the employer to the employee and vice versa.  Earning opportunity, economic and financial pressure, greed, lust for the corner office, and easier transferability of skills and ideas, lead to most career minded individuals changing jobs at least 11-15 times in one career.

That’s a lot of moving personal items in copy paper boxes! Continue reading →

Junior Achievement Business Challenge—Teaching the Future how to Fish for Business Success!

JA Logo

The ancient Chinese proverb reveals, “Give a man a fish, he’ll eat for a day; teach a man to fish, he’ll eat for a lifetime.”  Certainly this proverb shows the power of education and mentorship designed for a young apprentice and the seasoned veteran.

The Junior Achievement (JA) Business Challenge extends this proverb into the culture of our 21st Century business environment.  The purpose of JA is “to inspire and prepare young people to succeed in a global economy.”  To achieve this end, JA has created the Business Challenge capstone experience for high school students to really understand what it takes to create, compete and be successful in today’s business climate.  JA gives students the education needed to navigate business, and through the power of mentorship, partnership and collaboration, the JA Business Challenge equips the students to engage in entrepreneurial endeavors that will teach them practical business fundamentals and grant them the confidence needed to live out their boundless potential, creativity and talents. Continue reading →

Prayers for Myers Briggs Types

In my leadership classes that I took in college and graduate school, a lot of the personality assessment focused on the Myers Briggs Test.  For those who don’t know the Myers Briggs Test helps determine your personality and how you normally interact with other people and teams.  By knowing what type you are, you can establish your leadership style and tactics and learn how to become a more effective leader.

A quick rundown of the dichotomy shows how the personality types match up:

Dichotomies
Extraversion (E) – (I) Introversion
Sensing (S) – (N) Intuition
Thinking (T) – (F) Feeling
Judging (J) – (P) Perception

Or for those who prefer pictures:

Personality test

So with all of this in mind, here is a comical look at the common prayers by a stereotype of the personality types highlighted in this beloved assessment:

ISTJ: Lord help me to relax about insignificant details beginning tomorrow at 11:41.23 am e.s.t.

ISTP: God help me to consider people’s feelings, even if most of them ARE hypersensitive. Continue reading →

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