The boomers are rejecting conventional notions of retirement and crossing into a new stage of work–and their energy could transform what work means for all Americans.
The movement of millions of sixty-somethings into a new phase in their working lives constitutes one of the most significant social trends in this country in nearly half a century. Encore describes the competing visions for work that are already lining up to capture the hearts and minds, and the time, of waves of baby boomers who are not content, or affluent enough, to spend their next twenty or thirty years on the golf course. Baby boomers are searching for a calling in the second half of life; they are moving beyond midlife yet refusing to phase out or fade away.
If the old dream of the Golden Years was the Freedom from Work, the dream of this new wave is the Freedom to Work–in new ways, on new terms, to new ends. As their numbers begin to swell, these individuals hold the potential not only to transform work in America, but to create a society that balances the joys and responsibilities of contribution across the generations–in other words, one that works better for everyone.
Author:Â Marc Freedman
Hardcover:Â 255 pages
Company: PublicAffairs (2007-06-11)
ISBN:Â 1586484834
List Price:Â $24.95
Amazon Price:Â $13.74
Used Price:Â $34.00
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The financial pressure young people are under is making it increasingly difficult for them to be able to save for the future, it has been claimed.
A spokesperson for The Pension Advisory Service (TPAS), a non-for-profit organisation which provides free information, advice and guidance on saving for retirement, has suggested that the ability of young people to put money aside in a savings account or pension scheme has been restricted as they have less money available to them to do so than previous generations.
The two most pressing concerns for young people, the spokesperson believes, are repaying debt accrued during their time at university and financing the climb onto the first rung of the property ladder.
A report conducted by the Student Loans Company in June this year found that 02,567.6 million was lent to eligible students in higher education during the financial year 2006-07, an increase of 4.2 per cent on 2005/06 levels. It was also found that there are now 2.5 million student loan borrowers, 1.5 million of which are in the process of repaying the money owed.
Meanwhile, research conducted by building society Stroud & Stroud suggests that the average first-time buyer will be forced to pay in excess of 01 […]
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