Boomers are also known for low saving rate. This will mean three things: more reliance on public services e. Medicare , private services e. Political: Boomers were politically active; and over the last century, the US government has built up an unsustainable system of entitlements benefitting the old.
This created a feedback loop of entrenched interest, which makes fixing the current system very difficult. The burden of high public spending on Social Security and Medicare will fall on the existing tax payers one way or another, via higher taxes, fewer services, large public debt to foreign investors, inflation, and finally bankruptcy private and public.
Political life will be more difficult because of this general imbalance. That's my general overview; which is not original, I'm sure. But if I'm allow to extrapolate from those information and attempt to answer your questions, I would: 1. Invest in assets with a long horizon: a. When the last generation departs, you will have own more assets. Invest in things that the young generations need. This is obvious; because you want your assets to be in demand from people with money; and the young people will be those with money when you need to sell your assets for retirement.
Certain dubious assets that are peculiar to the boomer's generation may be bad investments, a. Hedge yourself for the possibility of unemployment, inflation, raised taxes, reliance of public welfare; in general, don't put all your wealth in financial instruments. Public finance of the entire Western world is in crisis at the moment, and there is no easy solution. Fresh data delivered Saturday mornings. It organizes the public into nine distinct groups, based on an analysis of their attitudes and values.
Even in a polarized era, the survey reveals deep divisions in both partisan coalitions. Use this tool to compare the groups on some key topics and their demographics. Pew Research Center now uses as the last birth year for Millennials in our work.
President Michael Dimock explains why. About Pew Research Center Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping the world.
It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Pew Research Center does not take policy positions. It is a subsidiary of The Pew Charitable Trusts. Newsletters Donate My Account. Research Topics. Read more about key demographic trends: 6 demographic trends shaping the U. Share this link:. Andrea Caumont is the digital engagement manager at Pew Research Center.
Real estate, hard cash and gold remain the most popular saving vehicles. Numerous reasons are cited to explain that behaviour, from cultural peculiarities to the aftershock reaction to the social and economic upheavals of the two recent decades.
It must be the same aftershock that explains the sky-high yield requirements that everyone in the country seems to have to any investment product. Despite the exponentially growing mass-media hype, financial literacy remains at low levels. As far as pensions go, our compatriots are paradoxically unknowledgeable, pessimistic and paternalistically minded: while they have no illusions about their future pension size and at the same time rely on the government for providing income in retirement.
As the polls show, low awareness is combined with a generally pessimistic outlook on the state pension system's capacity to provide a reasonable income in retirement. At the same time, a paternalistic mindset is still strongly rooted and the belief that "pension is not my headache, so let the government take care of it". For employers, this presents both a problem to the extent that it undermines financial stability of the workforce and an opportunity.
While the state is not ready to do more than it is doing pension-wise, the place of the Father Figure that will take care of all the financial drudgery remains vacant — employer's for the taking.
Employer's role in putting together an extra pension pot is hard to overestimate. Apart from putting extra money in, a corporate pension programme creates a savings framework, disciplining employees into making regular payments into it and making sure they are safely kept. That is the advantage of the people who were born in s.
I think "demographic trough" is a special social phenomenon that couples in the U. As a result, the population of the new generation become low. As Malcolm Gladwell mentioned, "because the factories were looking for people", people who born in the s did not need to worry about their jobs. Also, they had a lot of opportunities to become successful due to the small population, every one can become well-paid without competition and stress. I think so. The main reason causing American parents had fewer chilren is that they were faced with finicial crisis in s.
As they did not have enough money, they can not afford the expenditure of raising many kids. This speciial stage can be described as "demogrephic trough". In terms of the last question, I think author wanted to indicate that hard mork can make people lose interest, enthusiasm and even goal step by step. While working hard, people fell bored gradually; therefore, their hard work becomes meaningless if they do not care their goal eventually. Overall, people are sentenced to fail by hard work.
I agree with you. Hard working can make people bored, so we need something exciting to make the work efficient. Because of financial problems in Amercian, people were unwilling to give birth to children.
As a result, people would be more likely to success. Hello to you all Please remember that this is a discussion, you need to read the responses of others and make your comments. What does the author mean by the term "demographic trough"? The author states that "being born in the early s was a magic time". What does he mean?
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