Aging and retirement are two concepts that most people think about when it comes to exiting the workforce. Contrary to popular belief, retirement is now being delayed as older Americans live longer. In an article titled, Older Americans employment and retirement by Tang et al. (2013), they detail a new pattern of retirement, while also discussing some issues that should be examined (Tang et al., 2013). The issues mentioned can have an effect on future generations in terms of retirement. This writer examines various components such as gender differences, longevity, and low income. Furthermore, this writer reviews this article in an effort to understand how human service professionals play a role in such a transition of a person’s life. …show more content…
The truth is that the baby boomer population makes up a large portion of the population in the U. S. (Martin, 2014). Baby Boomers who are also referred to as the Graying of America are individuals who were born between 1946 to 1964, which makes up about 29 percent or 76 million in the U. S. population (Martin, 2014). It has been found that most baby boomers or about one-third of Americans do not contribute anything at all to retirement savings nor pension plan (Tang et al., 2013). In terms of longevity, the U. S. Census Bureau projects that individuals ages 85 and older are expected to grow to approximately 20 million by the year 2050 (Martin, 2014). According to the U. S. Bureau of Labor Statistics, employment of persons aged 65 and older has increased by 101% between 1977 and 2007, the number of employed men that are 65 or older has increased by 75% and 147% for women (Tang et al., 2013). In 2010, 12.9% of women age 65 and above were in the workforce compared to 20.5% of men of the same age group (Tang et al., 2013). Gender differences play a role in work trajectories, employment opportunities, family responsibilities, and job discrimination (Tang et al., 2013). Based on varying roles women undergo a different retirement process than men (Tang et al., 2013). Often times, women are forced into retirement to care for family, have less financial
Elderly people (women and men age sixty-five or older) (Macionis, 2005), Have many obstacles to face as they grow older, many of these obstacles involve social inequality. Not only do the elderly have to learn to deal with many forms of Ageism (the stereotyping and prejudice against individuals or groups because of their age), some also have to deal with the fact that they do not have enough savings or pension benefits to be self supporting, for most people over sixty-five, the major source of income is social security (Macionis, 2005). This forces many elderly Americans back into the workforce to continue to earn money to support themselves and or spouses. Although many elderly Americans may choose
In America, people are changing their views on aging and the elderly. Some of the reasons that the attitudes are changing could be due to more elderly people are remaining in the work place longer, as opposed to retiring early. Riffkin (2014). And there is the fact that we baby boomers are living longer. Even though the U.S. only ranks 53rd with a life expectancy of 79. That’s an increase of one year since 2010. (“The World: Life Expectancy” 2016)
Many people in the "baby boomer" generation are staying active as they age. By either jogging, swimming or becoming part of a sports team. They strive to remain youthful and mentally young and view retirement as an active period of their life. Theirinterest in health , fitness, looking young and attractive and longevity is quite phenomenal. They can expect to live longer due to medical advances however stress and burnout could impact on this expectation of longevity. They are well educated, thirsty for information interested in travel and will want to stay involved in the political processes. In addition they are optimistic, forward thinking and undoubtedly redefine old age. As the oldest of the nation's 75 million baby boomers approach the age of 60, a Pew Research Center survey finds many are looking ahead to their own retirement while balancing a full plate of family responsibilities either raising children or providing financial and other
As of 2012, there were 65.2 million Baby Boomers still living in the US. These individuals, all now currently between the ages of 50 and 68 years old, represent 21% of the current US population.
Today, the certainty of receiving sufficient benefits solely from Social Security for a quality standard of living after retirement is indefinite. Baby boomers—individuals born post World War II between 1946 and 1964—are beginning to claim their benefits, and given what I have learned in class, the number of individuals entering the workforce is inadequate to sustain such a large population, thus such generation will consume
As the baby boomer generation begins to reach retirement age, there has been much speculation as to what affect they will have on the health care industry. The baby boomer generation is the group of people born between 1946 and 1964. At one point, there were more than 76 million of them, of which 4 million died before 2000. With all this in mind, I will discuss what specific effects they will have now they are getting to that “elderly” stage.
One of the major functions of Human Resource Management is to lower the overall expenses of the company and try to find ways that an organization may run more efficiently. The first major potential problems for the baby boomers from a Human Resources perspective is since companies are always trying to find ways to lower costs which means that a lot of the baby boomers are being laid off because their health is a liability. Companies are trying to replace these baby boomers with younger, more charismatic workers. Companies that offer healthcare to their younger employees as a benefit to get them to work for them aren't profiting by having baby boomers on staff. These organizations feel as if the medical expenses incurred are far larger than the expenses incurred by their younger counter parts. In turn companies are laying off baby boomers before they can even reach retirement. The second major reason baby boomers are being laid off is due to the advancement of technology. Organizations are looking for younger individuals who may be as charismatic as the older individuals but far more tech savvy. Employers are confronted with the loss of skilled labor when the boomer cohort adds candles to its annual cake. There is a need for adaptive retirement strategies--on the parts of both employees and employers. There is no longer one standard retirement approach, and given the
Baby boomers were raised during the time period where success was attainable due to a strong financial foundation which allowed for financial and personal success that we might never experience again in the United States. This makes you want to go into a deep depressive state because this is what we want and want our children to have. History.com states that Baby Boomers are those who were born from 1946-1964 which made up 40% of the population. This is a scary to imagine because we only have 62.9% of the community in the workforce and that will decline as baby boomers retire. http://data.bls.gov/timeseries/LNS11300000 Earlier this week we read the article, “Aging in the United States – Past, Present, Future” which discussed the pyramid to
Born between 1946 and 1964, HBCU alumni ages 51 – 170 are classified as Baby Boomers (Fogg, 2008). During this time period, there was a boost in the U.S. birthrate, and according to History.com, this baby boom is arguably due to Americans desiring to get back to normalcy after 16 years of war and depression. Because people are living longer and the birth rate is declining in America, Baby Boomers are the fastest growing demographic (Jacobson, 2015). According to Jamie Carracher, a digital health strategist, approximately 80 million Baby Boomers became senior citizens as they turned 65 in 2011. This generation now accounts for 76.3 million people and close to 24 percent of the U.S. population. According to Fogg (2008) in the article “When Generations
Allen, S. G., Clark, R. L., & Ghent, L. S. (2004). Phasing into retirement. The Industrial & Labor Relations Review, 58(1), 112-127. Gelfand, D.E., & Bechill, W. (1991, Summer-Fall). The evolution of the older Americans act: a 25-year review of the legislative changes. Generations, 15(3), 19-22. Zastrow, C. H., & Kirst-Ashman, K. K. (2010). Understanding Human Behavior and the Social Environment (8th ed.). Mason , Ohio: Brooks Cole/Cengage.
Baby boomers account for a significant number of our population. During the post World War II era, sociologists noted a significant rise in “number and rate of births to women aged 15-44” (Morgan, 1998, p. 10) from 1946 until 1964. Baby boomers are now reaching
Scholarly attention has been limited, so combining dialogue about Baby Boomers’ aging is being addressed in this article. They have had more diverse work, lengthier transitions out of the work force, and spend more of their adult years working than previous generations. Their births span from 1946 -1964, so Boomers will witness first-time numbers of people who both offer care to the group that preceded
Over the years, there have been major shifts within the United States in regards to its population. Statisticians have estimated that 20% of the population will be 65 years of age and older. There is an even
Aging is a process that occurs over a long period of time. The Baby-Boomers are 75 million people who began to retire in 2011 and will continue to do so over the next twenty years. This is not the generation of our parents and grandparents. My paragraphs on Gerontology/Social Work and Sociology above reflect this highest level of analysis because without solid data and deep probing of beliefs, many of which date back to childhood and may be subconscious, the
Approaching the traditional age of retirement, the baby boom generation strikes the time to retire and the number of workforce would drop obviously in the coming decades. This phenomenon not only occurs in the Hong Kong, but in fact worldwide. According to an online survey conducted in 2012 by the Hong Kong Institute of Human Resource Management, the result indicated that 64% of the respondents claimed that their workplace had mandatory retirement ages while the average is 61. According to the topic “Changing role and relationships over the life course”, interviews were conducted to gain real life examples related to the issue of retirement. In the presentation, “accommodation” issue was discussed while “The alternative to retirement” would be the main focus in the following.