Wednesday, June 11, 2014

A tale of two age groups

Matt Ferguson, CareerBuilder, June 5, 2014, says the Boomers and Millennials have fared differently in the Great Recession.

Housing, stocks, and jobs were affected--and the effects slammed through.

From 2007-13, the number of jobs held by Boomers grew 9%. For Millennials (22-34) job growth was non-existent.

Millennials were starting, Boomers ending. With the weak prospects, Millennials left the force in greater numbers or took crappy jobs.

Boomers postponed retirement and did not leave--cutting openings.

Those over 55 have never been this prevalent in the workforce. Still--they are leaving at some point.. But when?  Older people are now a bigger percentage of the population.

So where does that leave us? I am not sure, but I do think this is significant. I know younger people leaving boring jobs or job hopping without a qualm. I also know people who can't retire or don't want to.

I guess we just keep on keepin' on, as we used to say.

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