Demographic economics

following document will discuss the features and characteristics of what a millennial is and how they are different to other generations. Analysis EVENTS AFFECTING AND SHAPING MILLENNIALS The millennials were born and raised in incidents such as 9/11, economic factors like the market crashes with many murders and shootings occurring throughout…

Today’s workforce is more diverse and individual than in any other time in history. The work-force is made up of different genders, ethnicities, cultures, and ages. Understanding these differences is essential, difficult, and the key to success. In the United States, there are currently five different generations of people alive at the same time (DelCampo, 2011). These generations include The GI Generation, Traditionalist Generation, Baby Boomers, Generation X, Generation Y or Millennials.…

“Kids these days” is a term with a negative connotation that is commonly used among people from the Baby Boomer (1946 to 1964) and X (mid 1960s to early 1980s) generations when judging children on their hobbies and activities. According to them, the people of the Millennial (1980s to late 1990s) and Z (early 2000s and on) generations have much different childhoods and adulthoods than the previous two generations. In their eyes, children and young adults today are nothing like what they used to…

Millennials. And, when you read studies, like the one done by Accenture that reports Millennials spend roughly $600 billion annually, you understand why companies like Coca Cola and Uber make marketing to this demographic their primary focus. However, in their mad dash to woo one demographic, marketers frequently ignore another: Baby boomers. And this is a mistake – a big one. In fact, according to Baby Boomer Magazine, roughly 40% of all consumers are baby boomers. That’s nearly half of the…

Generation and the work place: Workplace is an ever changing environment. As societal norms change, culture of organization change. At this point of time, there are four generations that are active in workplace. It is important to keep in the mind that each generation tends to see the world through a unique lens that forms as a result of the event that were taking place in the world as these individual grew and developed from children to adult. There are various bands of generations based on the…

Although the baby boom generation has proven to have a significant impact on the larger society, they also represent a serious problem to future generations to come in the job market. In today’s society, jobs are being offered based on years of experience and educational background. For the boomers, “work life extension could be a good thing” for them and the economy (Moody and Sasser 2015, 465). By having the boomers in the workplace, this calls for a diverse work environment. On the other…

Although a lot of people refers baby boomers as senior citizens, baby boomers do not necessarily feel “old” because they have a positive outlook on life. They want to continue living exciting, active, and fulfilling lives. However, a significant amount of baby boomers must face the fact that they are approaching financial uncertainty due to aging out of the workforce (MINT 1). According to a 2015 study from the Government Accountability Office (GAO), 29% of Baby boomers do not have money set…

declared war on poverty in America. Largely unnoticed, 40 million people fell into this dilemma. President Johnson called on the Baby Boomers and referred to them as the Great Society to end poverty and racial inequality. He created the Office of Economic Opportunity to fund programs like job corps to train the poor, Peace Corps, the Head Start Program to give under privileged children an early start to education, and the Equal Employment Opportunity Commission to enforce job discrimination.…

ABC Company, Inc., has recently recognized the growing need to hire millennials due to the gradual loss of Baby Boomers to retirement. Within the next 5 years, ABC needs to find a way to attract qualified millennials by offering benefits that suit their specific needs, which differ from those of older generations. Millennials, unlike their older co-workers, are risk-averse for their age. They prefer to receive benefits in the form of a plan that is arranged by professional financial planners,…

In his book “The Dumbest Generation”, Mark Bauerlein, a social critic and professor, explains his stance regarding the Millennials. Bauerlein claims that students in the last ten years have two major differences compared to previous generations: declined reading habits and declined general knowledge. Bauerlein states these differences, but he fails to clarify the meaning of ‘general knowledge’ and how it is measured. While individuals under the age of thirty aren’t the least intelligent…