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Search resuls for: "Younger boomers"


6 mentions found


☆ Gen Xers and boomers are giving up on hybrid work: They're either all in or out on the office
  + stars: | 2024-06-11 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com   time to read: +4 min
Related VideoStill, those 50-64 were most likely to work fully remotely, while those 20-29 were least likely. That means they can afford to be fully remote and might feel really comfortable doing things on their own," Barrero said. So that muscle memory might push them to come in more often than younger workers who embrace hybrid." Indeed, many older workers BI has spoken to are divided on whether they want to be in-office or at home — but they're willing to leave roles that don't cater to their preferences. Do you strongly prefer in-office or remote work?
Persons: —, Gen Zers, millennials, Nick Bloom, Alex Finan, Jose Maria Barrero, Instituto Tecnológico Autónomo, Barrero, Dennis C, I'm, Charles Bond, they're, Bond Organizations: Service, Business, Employees, Stanford University, Instituto Tecnológico, Business School
☆ Middle-class Gen Xers are facing a new retirement challenge: Their student loans
  + stars: | 2024-05-30 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
Using data from the Fed's Survey of Consumer Finances, the analysis finds that over a million Americans ages 55 to 64 are holding student loans, or have spouses with loans. There are a range of reasons why older borrowers might be struggling to pay off their student loans. Millennials are most likely to hold student debt with an average balance of about $35,000, and while fewer Gen Xers have student debt, their average balance is higher at about $48,000, according to TransUnion. Provisions are being rolled out by President Joe Biden's Education Department that could ease the burden of student debt on older borrowers. AdvertisementAre you a Gen Xer with student debt who is worried about retirement?
Persons: Gen Xers, Xers, Joe Biden's Organizations: Service, School's Schwartz, for Economic, Business, Fed's Survey, Consumer Finances, Social Security, Democratic, Joe Biden's Education Department, Public, Education Department Locations: Fed's
☆ Ready or not, the youngest boomers are retiring
  + stars: | 2024-04-22 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
AdvertisementThe majority of so-called "peak boomers" have $250,000 or less in assets , according to a recent report, write Juliana Kaplan and Ayelet Sheffey. If you're a bit surprised by the dire economic situation of peak boomers, I wouldn't blame you. Older boomers had the benefit of employer-subsidized retirement plans before a shift in the workforce left younger boomers to fend for themselves. Alistair Berg/Getty ImagesPeak boomers' retirement struggles might end up being a wake-up call for younger generations. There will be plenty of lessons learned from peak boomers entering retirement without the safety net of a pension.
Persons: —, blowup Jacob Wackerhausen, Jenny Chang, Rodriguez, Juliana Kaplan, Ayelet Sheffey, that's, we've, boomers, Alistair Berg, Xers, Gen Zers, Bryan Erickson, Jane Street, Chowdhury, Elon Musk, they'd, Tesla, Tony Stubblebine, Nick Little, Dani Widell, BI's Emily Stewart, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Social Security, Security, Google, Wall Street, JPMorgan, Detroit Police Department, Tesla, BI, Verizon Locations: Covid, China, Europe, Airbnb ., America, New York, London, Chicago
☆ Meet a boomer who unretired to help her Gen Z kids get through college and find stability: 'They're terrified'
  + stars: | 2024-02-23 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +5 min
Like many other parents, Jane said she sees her adult children stuck in an economic predicament that isn't of their own making. "Home prices and rent prices and automobile prices — I don't think that they're aligned with wages in a fair, or in a reasonable, way," Jane said. She wants to get her kids through college and see if they're able to find jobs that are decently paid. But that doesn't mean she's immune to the Sunday scaries: "On those Sunday nights and Monday mornings, I really, really regret it. "I'm hopeful for that, but I'm really not really expecting it," she said.
Persons: Jane, she's, — she's, we're, We're, Jane —, —, they're, it's, Gen Zers, Younger boomers, I'm Organizations: Pew Research Center, Pew Locations: Texas
☆ Boomers Haven't Saved Enough for Retirement; Gen Z Will Have to Pay
  + stars: | 2024-01-10 | by ( Ann C. Logue | ) www.businessinsider.com   time to read: +11 min
According to Census Bureau data, 44% of boomers are at retirement age and millions more are soon to join them. And since younger boomers are less financially prepared for retirement than their older boomer siblings, the problem is bound to get worse. AdvertisementAs boomers continue to age out of the workforce, it's going to put strain on the healthcare system, government programs, and the economy. Not all boomers are richIt's undeniable that some boomers will enjoy a cushy retirement. The median retirement account for that age group has only $200,000 — meaning that half of 65- to 74-year-olds have even less saved up.
Persons: —, it's, Rita Choula, Stevie Kuenn, Kuenn, Choula, Caregiving, Gen Organizations: Federal, AARP, Institute, Consumer Finances, Social Security, National Council, Medicare, Pew, National Alliance, American Health Care Association, Department of Homeland Security Locations: —, Chicago, Ohio, America
☆ The Baby Boomer Retirement Surge Will Spark a Forever Labor Shortage
  + stars: | 2023-05-15 | by ( Aki Ito | ) www.businessinsider.com   time to read: +9 min
We're entering what is shaping up to be the Forever Labor Shortage. So what does the Forever Labor Shortage mean for workers in the years ahead? But perhaps the biggest change prompted by the labor shortage won't be how employers hire — it will be who they hire. In the Forever Labor Shortage, all labor is going to be in demand. That means the Forever Labor Shortage will be more an ongoing battle than an enduring peace.
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