Demographic economics

The increasing older population isn’t any different and is probably the most susceptible age group to be affected by those factors. Some of those factors include lifestyle habits such as what they eat, use of alcohol and tobacco, exercise or lack of physical activity and medications. Eating healthy foods especially foods rich in vitamins and proteins is extremely important to keeping up their strength and immune system. Physical activity also keeps up strength and increases mobility. If the…

pertinent environmental concern (eg. climate change, fisheries depletion, deforestation, soil degradation, river health, etc) and discuss how population changes at the global and local levels may impact on the issue. Explain why various change(s) in demographics may or may not result in improvement to the environmental management of this issue. Humanity and our environment are a complex relationship that exists in a delicate balance, yet a growing awareness of climate change and its impacts on…

There is no need to explain how important it is to manage four generations in the workplace. About where to start from and how to do it we will try to cover in the next few pages. The four distinct generational groups in today’s workforce are Traditionalists, Baby Boomers, Generation X and Generation Y. The Traditionalist Generation, also known as the Silent Generation, the Greatest Generation, or the Veterans comprises employees and retirees born between 1928 and 1945 (Taylor, P., & Keeter, S…

difficult analytical process, must be conducted to ensure stability within the working environment. Not ensuring the cohesive behavior of the millennial generation and that of the previous generation, may cause situational restraints that could become economic and productivity downfalls within a…

The Baby Boom is a demographic phenomenon that occurred after the Second World War from 1946 to 1965. In fact, about eight million Canadian people were born in this period, causing economic, social, cultural, and political changes in each stage of their growing process. (Statistics Canada, 2013) Currently, Baby Boomers have started to approach the last stages of their lifespan, reaching formal retirement from work and therefore an increase in leisure time. (Cavanagh and Wendy, 2012) As a…

businesses, government, and how each individual was influence to the social and economic landscape. Cohorts…

For businesses, understanding the millennial mindset opens doors to opportunities. As Baby Boomers retire, and Generation X is a significantly smaller demographic, Millennials will become the dominant force in the workplace and take on business leadership roles. For other generations, the idea of “learning to accept” the untraditional is new; but for Millennials, this is the norm. To dismiss Millennials as…

enhance nursing and other industries. Harnessing younger generations’ idealism, innovation and creativity, while fully utilizing the older generations’ wisdom, and experience will guide the workforce safely through the demographic challenges and the period of profound political, economic, social and technological change that the world has entered (Abrams & Von Frank, 2014). Fairness and consistency in how one treats these individuals will make the difference in a team that is successful or…

Over the past few decades and in the coming decades the structure of United States’ population is expected to change greatly. Changes in population are primarily focused on the older population as it is “important to public and private interest, both socially and economically” (Ortman, Velkoff, 2014, p. 1). To put it into perspective, the population of those 65 and over in 2050 is expected to be 83.7 million compared to the 431 million in 2012 mostly due to the baby boomer generation. While the…

This paper discusses the differences of U.S. baby boomers versus the millennial generation with regards to their purchasing decisions. With the development and advances of technology, baby boomer and millennial generations may approach their purchasing decisions in an entirely different manner. Focusing on similarities and differences of these generations on social media and technology (i.e., internet, mobile services and e-services) with regards to their purchasing decisions, will…