Don't Blame The Baby Boomers
It is widely reported that the changing global demographics will raise many challenges. The focus of the reporting though is that the Baby Boomers are retiring and cashing in their savings to fund their retirement. What's more, they have the cheek to expect a pension once they reach retirement age. It seems we Baby Boomers are relying on the workers of today to fund our extravagant lifestyles in retirement. The gall. The truth of the demographic tilt though is that the newer generations are actually causing the problem. Generation X and Y have a different focus and different challenges than the Post War and Baby Boomer generations. It is this change of priority and shift of focus that is actually creating the skewed demographics. Generations X and Y are: Entering the workforce later. Degrees and higher education are considered key in securing employment and so Gen X and Y are studying more. Many also take a Gap Year between studies and employment resulting in most enterin