Tag Archives: Boomers

Baby Boomers Can’t Retire and Millennials Can’t Start Careers

It’s the Economy, stupid…

Our generation- the Boomers- saw pensions disappear into 401K’s that have been hard hit by the economic troubles of the last few years.

And now the Republicans want to phase out Medicare and Social Security….

I guess we’ll all end up sitting at Drive-Through Windows saying ” Can I super size that for you?” until we fall over dead….

And block the younger folks from getting that job at the Drive-Through as that seems to be the only type of job the Economy is creating now…

We certainly can’t afford to leave our Corporate jobs until they put us out…

From the National Journal:

It’s hard to say this spring whether it’s more difficult for the class of 2011 to enter the labor force or for the class of 1967 to leave it.

Students now finishing their schooling—the class of 2011—are confronting a youth unemployment rate above 17 percent. The problem is compounding itself as those collecting high school or college degrees jostle for jobs with recent graduates still lacking steady work. “The biggest problem they face is, they are still competing with the class of 2010, 2009, and 2008,” says Matthew Segal, cofounder of Our Time, an advocacy group for young people.

At the other end, millions of graying baby boomers—the class of 1967—are working longer than they intended because the financial meltdown vaporized the value of their homes and 401(k) plans. For every member of the millennial generation frustrated that she can’t start a career, there may be a baby boomer frustrated that he can’t end one.

Cumulatively, these forces are inverting patterns that have characterized the economy since Social Security and the spread of corporate pensions transformed retirement.

via NationalJournal.com – Upside Down – Friday, June 10, 2011.

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Older Audience Makes Its Presence Known at the Movies – NYTimes.com

Great article in the New York Times….

I fear I am now part of this “older” audience, whether I like it or not, but I hope Hollywood is rethinking their products.

We love to go to the movies, but there is often nothing to go see.  Then they dump all the good movies at one time, at the end of the year, for Oscar consideration and we end up missing some we would love to have seen.

I the movie moguls will take this to heart and release more quality films throughout the year.

Then maybe the theaters will clean their floors and offer decent concessions we might consider buying…

LOS ANGELES — Hollywood and older Americans have never had much use for each other. The 50-plus crowd doesn’t go to opening weekends or buy popcorn; a youth-obsessed Hollywood has happily ignored them.

But in the last few months an older audience has made a startling reassertion of its multiplex power. “True Grit,” “The King’s Speech,” “The Fighter,” “Black Swan” — all movies in contention for a clutch of Oscars on Sunday — have all been surprise hits at the box office.

And they have all been powered by people for whom 3-D means wearing glasses over glasses, and “Twilight” sounds vaguely threatening.

Hollywood, slower than almost any other industry to market to baby boomers, may be getting a glimpse of its graying future. While the percentage of moviegoers in the older population remains relatively small, the actual number of older moviegoers is growing explosively — up 67 percent since 1995, according to GfK MRI, a media research firm.

And the first of the 78 million baby boomers are hitting retirement age with some leisure hours to fill and a long-dormant love affair with movies.

“There is an older audience that is growing, and it’s an underserved audience, which makes for an obvious and important opportunity,” said Nancy Utley, co-president of Fox Searchlight, whose “Black Swan” has sold over $100 million at the North American box office. If the core audience for a particular film is over 50, she noted, “that’s now a gigantic core.”

There are glimmers of a shift. Aging action stars; theaters with adult fare, like better food; reserved seating; and, most important, movies like “The Social Network” and “The King’s Speech” that have become hits based on wit and storytelling, not special effects.

Theaters have long favored younger consumers in part because older moviegoers tend to skip the concession counter, where theaters make most of their money. The imbalance between young and old grew more pronounced over the last decade as theater chains, suffering the after-effects of overbuilding, cut back on maintenance.

Much More:   Older Audience Makes Its Presence Known at the Movies – NYTimes.com.

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Filed under Entertainment, Movies