Tag Archives: Baby Boomers

Healthcare Surveys: Nursing Shortage Threatens System As Baby Boomers & Nurses Retire

From a Healthcare Finance news article:

AMN Survey of Registered NursesA third of the nurses who took the survey are baby boomers and 20% of survey takers said they planned to retire in the next five years. More than a quarter, 27%, said they were unlikely to be working at their current job in a year.

The shortage threatens to collide with the impending retirement of the baby boomers, all of whom will be 65 years old by 2030, said the survey titled “A Challenging Decade Ahead.” People over 65 are hospitalized three times as often as middle-aged individuals, according to the Center for Disease Control and Prevention.

Amid a nursing shortage, hospitals are struggling to hire and keep nurses, with burnout and workplace violence cited as contributing factors, according to a new survey.

Flexibility and work-life balance had the most influence for 39% of nurses in whether they decided to stick with a job, though 31% say compensation and benefits were the biggest driving factor, according to AMN Healthcare’s 2019 Survey of Registered Nurses.

To read more: https://www.healthcarefinancenews.com/node/139458

The Aging Workplace: Baby Boomers Are Fastest Growing Segment Of Labor Force (GlassDoor)

From a GlassDoor.com online posting:

Baby Boomers fastest growing workforce“Senior citizens today are healthier, more engaged, and working longer than past generations,” says Chamberlain. “A ‘gray wave’ of senior citizens will be impacting the workforce in coming years, both in the United States and the United Kingdom.”

Mature employees and job seekers bring a vast skillset and tremendous experience to open jobs, combined with a strong professional network that rivals any social-media-savvy Gen Zer. And despite the preconceptions of older workers, reports show they are just as open to learning and development as their young peers.

Move over, Gen Z and Millennials. The Baby Boomer generation, those born between 1944 and 1964, are the fastest-growing segment of the labor force in the U.S. and they are catching the eye of recruiters in every industry.

Read report: https://www.glassdoor.com/research/app/uploads/sites/2/2019/11/Job_Trends_2020-Glassdoor_FINAL.pdf

According to Glassdoor’s Chief Economist Dr. Andrew Chamberlain in the newly released “Job & Hiring Trends 2020” report, the 65+ demographic is working longer than past generations and shows no signs of retiring for good.

To read more: https://www.glassdoor.com/blog/baby-boomers-becoming-the-fastest-growing-workforce/

Senior Housing: Baby Boomers Choosing To Stay In Own Homes Threatens New Facilities

From a Wall Street Journal online article:

US Census BureauThe rise of technologies that help the elderly stay in their homes threatens to upend one of commercial real estate’s biggest bets: Aging baby boomers will leave their residences in droves for senior housing.

Developers and senior-housing companies have spent billions of dollars over the past five years to build facilities that provide housing, food, medical care and assistance for the elderly.

While these properties have been filling up with people born during the Depression or World War II era, real-estate investors are eagerly eyeing the massive baby-boomer generation: 72 million people born between 1946 and 1964, or about one in five Americans. Their needs would require hundreds of thousands of new units, if previous demand patterns persist.

But this wager on elderly care is falling short of expectations, and there are concerns that it could become one of the biggest real-estate miscalculations in recent memory, some analysts suggest.

To read more: https://www.wsj.com/articles/boomers-want-to-stay-home-senior-housing-now-faces-a-budding-glut-11573554601

Consumer Surveys: Only 30% Of Baby Boomers Use Online Grocery Services

From a Chain Store Age online release:

Chain Store Age CoverAccording to a recent survey of 1,000 U.S. consumers from advertising platform Criteo, 48% of millennial and Gen Z respondents use online grocery delivery services, compared to 37% of Gen X respondents and only 30% of baby boomer respondents. 

Baby boomers are much less likely than younger consumers to participate in a particular omnichannel grocery activity.

Results for browsing multiple sites to read product reviews are essentially the same across generations. But Gen X consumers are much more likely to browse multiple sites if a product they want is unavailable (37%) than Gen Z/millennial (28%) or baby boomer/silent generation consumers (22%). And more than half (51%) of baby boomer/silent generation consumers will browse multiple sites for none of these reasons, compared to 27% of Gen X and 15% of Gen Z/millennial consumers.

To read more: https://chainstoreage.com/survey-boomers-dont-say-ok-grocery-service

Housing Market: Baby Boomers Staying In Homes Longer, Reducing Supply

From a Wall Street Journal online article:

Cities with longest length of time lived in homes CoreLogic 2019Economists say aging baby boomers are the biggest culprits because many are staying healthier later in life and choosing not to downsize. Some look around at the lack of smaller, less expensive homes and are loath to get into bidding wars with their children’s generation to get one.

Homeowners there are staying more than three years longer than they did in 2010. The inventory of homes for sale in Seattle has declined more than 50% over the last nine years, while home prices have risen more than 80%, according to Redfin.

Americans are staying in their homes much longer than before, creating a logjam of housing inventory off the market that helps explain why home sales have been sputtering.

Homeowners nationwide are remaining in their homes typically 13 years, five years longer than they did in 2010, according to a new analysis by real-estate brokerage Redfin. When owners don’t trade up to a larger home for a growing family or downsize when children leave, it plugs up the market for buyers coming behind them.

To read more: https://www.wsj.com/articles/people-are-staying-in-their-homes-longera-big-reason-for-slower-sales-11572777001

WHO SHAPED THE 1960’S?: CULTURAL CHANGE SWEPT UP THE BOOMERS, IT JUST DIDN’T BEGIN WITH THEM

From a New Yorker article by Louis Menand:

Woodstock GenerationAlthough the boomers may not have contributed much to the social and cultural changes of the nineteen-sixties, many certainly consumed them, embraced them, and identified with them. Still, the peak year of the boom was 1957, when 4.3 million people were born, and those folks did not go to Woodstock. They were twelve years old. Neither did the rest of the 33.5 million people born between 1957 and 1964. They didn’t start even going to high school until 1971. When the youngest boomer graduated from high school, Ronald Reagan was President and the Vietnam War had been over for seven years.

The boomers get tied to the sixties because they are assumed to have created a culture of liberal permissiveness, and because they were utopians—political idealists, social activists, counterculturalists. In fact, it is almost impossible to name a single person born after 1945 who played any kind of role in the civil-rights movement, Students for a Democratic Society, the New Left, the antiwar movement, or the Black Panthers during the nineteen-sixties. Those movements were all started by older, usually much older, people.

To read more click on the following link: https://www.newyorker.com/culture/cultural-comment/the-misconception-about-baby-boomers-and-the-sixties

Books On Boomers: “Stop Mugging Grandma” By Jennie Bristow Seeks To Edify The Boomer Bashers

From a Wall Street Journal book review by Daniel Akst:

Stop Mugging Grandma by Jennie BristowAt the center of the attack on those of us born between 1946 and 1964, days when the U.S. birth rate was extraordinarily high, is our supposed radical individualism. Its roots are said to be found in the excesses of the 1960s, a decade for which “boomers have become fall guys.”

Ms. Bristow, to her everlasting credit, isn’t buying it. “What about the two catastrophic world wars that had dominated the first half of the century; the cynical hedonism of the ‘Roaring Twenties’; the parasitism of colonialism and racial segregation?”

Ms. Bristow, a sociology professor in England, shrewdly situates this new resentment in the context of today’s vogue for collective responsibility and the transmission of guilt across many generations. “Generationalism,” as she calls it, “has come to find its most comfortable home within identity politics, that shrill sentiment of victimisation and grievance that has become an increasingly powerful cultural force.”

To read more click on the following link: https://www.wsj.com/articles/stop-mugging-grandma-review-defying-the-boomer-bashers-11565651816

“The Wizard Of Oz” (1939) May Be The Most Influential Baby Boomer Film Of All-Time

From “The Guardian”:

The Wizard of Oz at 80“…from Elton John’s albumGoodbye Yellow Brick Road to the Coen brothers’ O Brother, Where Art Thou?, which owes as much to Oz as it does to Homer’s Odyssey. Joel Coen once said: “Every movie ever made is an attempt to remake The Wizard of Oz.” In his 1992 essay about Fleming’s film, Salman Rushdie describes it as his “very first literary influence”. It was one of Derek Jarman’s favourite movies, and among the first he ever saw. (This is the key to its influence: the fact that everyone watches it in childhood. It seeps into your unconscious and stays there.) And there are the spin-offs, sequels and prequels – The WizReturn to OzOz the Great and PowerfulWicked.”

Eighty years ago, in the summer of 1939, 16-year-old Judy Garland appeared on cinema screens as the orphan Dorothy Gale, dreaming of escape from bleak, monochrome Kansas. “Find yourself a place where you won’t get into any trouble,” her aunt beseeches, too busy for poor old Dorothy, who soon breaks into song: “Somewhere, over the rainbow, skies are blue / And the dreams that you dare to dream really do come true”. Her wish is soon granted by a tornado that carries her to the gaudy, Technicolor Land of Oz, instilling her as an icon for misfits, migrants, gay kids, dreamers – anyone who has ever wanted to run away.

Read more by clicking the following link:

https://www.theguardian.com/film/2019/jun/17/how-the-world-fell-under-the-spell-of-the-wizard-of-oz