Essays on The Baby Boomers

Population Distribution Tables

Figure 1: Population Distribution The demographic structure of San Jose is made up of approximately 7.3% of people aged below 5 years, 82.6% between 18 years to 64 years and 10.10% over 65 years (Bureau). For Nevada County, 4.40% of the population are aged below 5 years, 76.20% between 18 years to 64 years and 19.4% above 65 years old. For California State, 6.8% of the population are aged below 5 years, 81.80% are aged between 18 years to 64 years while 11.40% are aged above 65 years old (Bureau). There seems to be a similarity in the number ...

The article "Despite Recession, High Demand for Skilled Labor" by Louis Uchitelle highlights the need for skilled labor despite the soaring unemployment rate. The unemployment rate has risen to 9.4 percent, the highest in 30 years (Uchitelle np). This increase is mainly due to a recession. Interestingly tough employers are looking for qualified workers even during the hard times according to the government's standard employment data. These jobs take years of experience to attain the required skills. For instance, it is tough to find an experienced person in welding. It takes a minimum of ten years to produce a ...

Trends in Healthcare Costs

Over the last three decades, the healthcare sector has grown rapidly. This has been necessitated by a growing population and their increasing demand for healthcare as well as the increasing complexity of illnesses presented within the healthcare sector. On the other hand, he globalization issues have also necessitated that the healthcare adapts to the needs of a more diverse population and hence growth (Kaiser Family Foundation, 2016). This growth has been tremendous and there is no doubt that the costs of care have been affected significantly. In the 1970s, the cost per individual was estimated at $356 but this ...

Introduction

Design firms are constantly in a continuous endeavor because of increased competitiveness that continuously threaten their existence. In particular, the luxury fashion industry may be difficult to manage because the sector is often characterized by customers who are quite particular about their needs. The research proposal will look into the luxury fashion brand sector and unravel the success tips that the design firms can employ in the course of their operation. Further, this proposal will seek to identify the areas where design companies may be going wrong and how they can address the issues to make positive returns. It ...

Demographic movements accentuate the fact that current and future trends in the social, political, and economic fronts are directly affected by the issue of an aging population. It is a reality for people regardless of race or culture. However, the rate at which demographic shifts differs in countries worldwide will have significant effects on developed and developing countries when saddled by a high number of ageing population. This is because in a typical developing country, baby boomers opt to delay having babies or starting their own families as they focus more on themselves and career advancement. The same problem ...

Workforce Generations

The Veterans (1925-1946) The workforce is divided into four specific generations, with the first one being the Veterans, also referred to as the Silent Generation. The above group of the workforce was born before 1945, but some scholars state that the earliest birth year was1922. Apparently, each team of the workforce has its distinct characteristics and virtues that make it unique from the other groups. They are appreciated as the most loyal group of workers, have the highest level of dedication to their work, and are risk averts. The values embraced by the above group of employees are renowned ...

Discuss how each of the following generational groups might react to TOMS Shoes: the baby boomers, generation X, and the Millennials. Answer. As explained in the video, TOMS Shoes have a unique marketing approach where the brand image is positioned around the notion of philanthropy rather than value or price based differentiation (Pearson, 2014). The probable response from the three generational groups is given below: The baby boomers might respond positively to the brand because they generally behave with respect to their age and wisdom. Since TOMS Shoes have the core concept of donating a shoe for the unprivileged ...

Trend

A key trend is facing the global retail market regarding shifting demographics. Although the baby boomers have been the key generation that defined the retail market, they are ageing and being replaced by the Generation Y households (PWC 3).

Relevance to retail

The ageing of the baby boomers is increasing the retailers’ focus on a young generation defined by vitality. The generation is technologically savvy, hence taxing the retailers to adapt formats and channels to their needs and abilities (Oracle 3). In that respect, the traditional retailing that involve physical stores is being challenged to adapt better ways such as online platforms ...

Personal Finance Essays

The Wall Street Journal on April 8, 2016, the author Jason Zweig says the government is not responsible for the retirement savings of the people. The government since the great depression in the middle of the 20th century created the social security system which guarantees (in theory) a pension and retirement funds to all the people that are over sixty years and serves more than thirty years or more, depending on the institution or company (Zweig). The welfare state created by the government and emulated by other countries in Europe and America works similar a pyramidal scheme. The new ...

Health care spending in USA has been reported to be high than most nations in the world. A greater percentage of the nation’s total income is spent on health care even though some people are not insured. It is the third largest public health care expenditure per capita due to the current high cost of medical care and utilization

The level of current health care expenditures

Health care costs have been increasing for many years. In 2008, health care expenditures surpassed $ 2.3 trillion which was more than the expenditure in 1990 that stood at $714 billion. In 1980 the nation spent $253 billion. The increase ...