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.