baby boomers, long term unemployment and the great reset

Baby Boomers, Long Term Unemployment and the Great Reset

Strategies to Help!

AgendaBaby Boomer Belief Systems

Baby Boomers Parent’s Belief Systems

The Great Reset

Long Term UnemploymentWhy Baby BoomersStrategies to help

Baby Boomer GenerationBorn 1946-1964

79 Million

Major EventsVietnam WarWatergate

Technology Advances?

Parents?

Greatest GenerationBorn 1900-1924

Major EventsGreat DepressionWorld War II

Characteristics?MoneyWork

Beliefs of Baby Boomer Parents

Beliefs of Baby BoomersWork for 30 years and then retire

Company will provide benefitsVacationHealth InsurancePension/401(k)

Loyalty

Safety

Work Ethic

Baby Boomer IssuesEmployment

Housing

Children – College Education

Retirement Savings

Great Reset

Great ResetNew consumption patterns and new assumptions about

“ownership” that are less centered around houses and cars,

New forms of infrastructure that speed the movement of people, goods and ideas

A radically altered and much denser economic landscape organized around megaregions that will drive the development of new industries, jobs and a whole new way of life.

Housing

Is your house a boat anchor?

Automobiles

At what age did you get your drivers license?

At what age did your children get their drivers license?

The New Economy

Creative Class

Service Sector

Long Term Unemployment

Baby Boomers and Long Term

UnemploymentOptions/Strategies/Solutions…..

Baby Boomer and Long Term Unemployment

Baby Boomer Unemployment Expectations

3 Months is a really short job search

Expect 9-12 months

Get comfortable being uncomfortable

After 1 year look for alternatives

Big PictureHousing

Lifestyle

Children/Family

Location

Retirement

OptionsDownsize

RelocateTemporaryPermanent

Contract

Freelance

Start a business

ConclusionAge discrimination is alive and well

World is changing and it will not stop or slow down

You need to be flexibleCompensationSkillsLocation

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