#30: Baby-Boomers will create problems
Work bit 1: Aging Baby-Boomers will create problems for America, because someone must pay for their extra health care and related costs. This could be eased if more old people carried on working.
Work bit 2: Older Americans are working longer. In 1985, only 18% of 65-69 year olds were still working; last year 28% were. About half of the baby-boomers say they plan to work past 65.
Work bit 3: A study by McKinsey and Co found that 40% of current retirees were forced to quit before they wanted to, either because of ill health or because they lost their jobs.
Work bit 4: Older workers are often laid off because their employers cannot afford to keep them. A big factor is that they have had annual pay-rises for decades. Time to say ‘no’ to your next increase?
I’m james@nonsenseatwork.com
Copyright: 2006 James Henry McIntosh
James can be heard on Public Radio, 88.9 FM WCVE, Richmond VA.
Monday - 7:19am and Saturday - 8:19am
Work bit 2: Older Americans are working longer. In 1985, only 18% of 65-69 year olds were still working; last year 28% were. About half of the baby-boomers say they plan to work past 65.
Work bit 3: A study by McKinsey and Co found that 40% of current retirees were forced to quit before they wanted to, either because of ill health or because they lost their jobs.
Work bit 4: Older workers are often laid off because their employers cannot afford to keep them. A big factor is that they have had annual pay-rises for decades. Time to say ‘no’ to your next increase?
I’m james@nonsenseatwork.com
Copyright: 2006 James Henry McIntosh
James can be heard on Public Radio, 88.9 FM WCVE, Richmond VA.
Monday - 7:19am and Saturday - 8:19am
posted by James Henry McIntosh at
8:20 AM
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