An Unprecedented Shift in Demographics

The millennial generation has surpassed the baby boomers as the largest contributors to our nation’s workforce. Those born between the early 1980’s and early 2000’s have created the most populous generation of workers ever. This generation may also remain in the workplace longer than any group before them. As data shows, and projections suggest, technology and health care will continue to advance- giving higher quality of life, extending expectancy further and further. Longevity has already made significant increases since the first of the baby boomers have moved into retirement just a few years ago. How will our economy look when workers are willing and able to participate well into their 80’s and live long enough to enjoy 20 or 30 years of retirement after that?

Shift

May 18, 2015