Future Trends In Retirement Essay

750 words - 3 pages

Future Trends in Retirement
Tamika Mays
SOC304: Social Gerontology
Instructor Stephen Ulrich
June 12, 2012

Future Trends in Retirement
Retirement is considered to be a time of enjoyment. It is the time to enjoy your significant other as well as participate in activities that you love to do. However, as the economy and economy has drastically changed over the past several years, so too has the workforce. This essay will reflect on the future trends in retirement. It will also discuss how the percentage of the American workforce has changed and how gender, age, and racial or ethnic groups impact the employment rate.
Due to the drastic economy changes as well as the recession many baby ...view middle of the document...

This has caused many to go pass the traditional retirement age.
The American workforce has changed drastically just like the economy. The United States population is becoming larger and more diverse. According to the U.S. Census Bureau (1996), over the next fifty years, the population of the United States is expected to grow by nearly 50 percent, from about 275 million in the year 2000 to an estimated 394 million people in 2050. U.S. population growth is influenced by immigration and emigration rates, as well as by birth and death rates. Immigration will play the largest role in the growth of the United States through mid-century. In addition, the faces of workers are changing. Trends show that whites will be a declining share of the future total population while the Hispanic share will grow faster than that of non-Hispanic blacks. Therefore, the workforce will be a rainbow of ethnic and racial groups. Also, more women are working more, men are working less. Women’s employment rates are rising and men’s rates are declining, women are expected to continue to leave the labor market periodically to assume the lead role in child rearing. Since 1950, the proportion of men in the labor force has declined from 86 percent to...

Other Papers Like Future Trends in Retirement

Future Trends in Advertising Paper

1666 words - 7 pages today consumer can buy full can of coffee for 5 dollars. “Consumer behavior has advised that the consumer is stretching his or her dollars and gourmet coffee is no longer a priority.  That being said, the behavior of the consumer is dictating the overall market” (Jacqui, 2007 ) .  The relationship between behavior and target markets are close and work hand-in-hand to ensure profitability, even in such trying times. For this product, the

Diversity Action Plan Due To Future Trends In Population Growth, It Will Be More Important Than Ever For Organizations To Prepare For The Challenges And Opportunities Presented By Diversity

2767 words - 12 pages Diversity issues relate to race, gender, age, disabilities, religion, job title, physical appearance, sexual orientation, nationality, multiculturalism, competency, training, experience, and personal habits. Diversity in the workplace is the norm and most employers embrace this trend and encourage the trend.. Most companies are developing effective ways to enhance working relationships with diverse people at work because each company have

Com 172 Persuasive Essay

1008 words - 5 pages and now live longer lives have placed a burden on the future of Social Security for those who want to preserve their retirement benefits. In fact, early retirements remove today’s workers from the workforce, which cuts the payroll taxes that finance future Social Security benefits for long term recipients. Thus, Americans should look for ways to supplement their potentially diminishing Social Security benefits. Another reason Americans

The Desire to Retire

1526 words - 7 pages . That is the goal of retirement planning. You make a basic and fundamental assumption that the world will work something like it has in the past. Then you factor in your own optimism or pessimism about the future to correct for the changes you foresee. Saving for retirement involves a long-term effort to accumulate a nest egg big enough to support you during your years in retirement. The goal of retirement planning is to determine how big

Deloitte - Super Model Report Notes

1270 words - 6 pages : Australian super system: Benefit payments have increased significantly Contributions into the system have reduced Growth in post-retirement assets has been less than predicted Superannuation asset pool has shrunk Low interest rates and the GFC had directly affected the living standards of retirees Future Plans: Projected increase of the Super Guarantee contribution to 12% - this will not deliver the lifestyle to the majority retiring

Student Loans, Debt, and Retirement

1018 words - 5 pages Student Loans, Debt, and Retirement Letter the Editor on Student loans, Debt, and Retirement I am writing in response to an article written by Mason Braswell’s “Generation W(on’t be Able to Retire” featured in On Wall Street. It is clear that generation “X” will face a new set of challenges with their future plans of retirement. The large amount of student debt they accumulate will have worse affect’s on their financial future’s than the

Relying on Social Security Equals Disaster

1305 words - 6 pages plan a retirement; and this paper contains a variety of information on the different retirement options available to Americans when planning a successful retirement. If Social Security benefits are available when one retires, the benefit amount would be less than one would have made in their working days, making money tight and raising the poverty levels in the elderly community. There have been many positive accomplishments

The Health Care Reform Project

1092 words - 5 pages aging population and the decrease in program funding, increasing the retirement age is only as successful as each individual’s awareness of its future unavailability. Another potential solution to this growing problem may be the implementation of a new and improved program. Articles Individuals are now living longer, and as the age of Baby Boomer's crests, the strain on health care becomes higher. Medicaid and Medicare as well Social

Investment Pattern of Retired Individuals

1213 words - 5 pages INVESTEMENT PATTERN OF RETIRED PERSON For most people, the regular income comes in the form of a salary, which is paid monthly. Because of the regularity of income during our working life, we usually adapt our spending To fit in with our income patterns. By the time retirement comes around we usually have our Income and spending patterns well practiced, although these may change a little in retirement. During retirement, or at some stage

Investing

1082 words - 5 pages What would you do with 2.00? Buy a new car or maybe a fancy house? How about taking an exotic trip? Probably not with $2.00? Now, suppose you had $200,000? That sounds more like it, but where can you get $200,000? I'd like to show you how investing can make that possible. So today let's take a look at investing for our future, first by understanding the need for investing early, secondly by looking as the various retirement investment plans

Statistics

2935 words - 12 pages against unanticipated inflation (to guarantee the real value of pensions) : 1.- the probability of future levels of inflation is unknown 2.- inflation is a common shock Inflation is an uninsurable shock 1. INSURANCE, EFFICIENCY AND EQUITY IN PUBLIC PENSIONS b) Equity Rational behavior? Risk aversion and correct anticipation of the future? Enough savings to achieve an optimal consumption level in the retirement period? - “Myopic behavior

Related Essays

Future Trends In Retirement Essay

1463 words - 6 pages different strategy of learning. 3 After finding the best possible way for the student to learn, we can still try and teach them a different way of learning. They just need to be taught. The child is changing and growing and with them should follow their teaching strategies that they learn best with. We need all of our children to excel and to succeed in life and then our future will look better with more educated children on board

Future Trends In Advertising Essay

1283 words - 6 pages Future Trends in Advertising Paper When it comes to advertising there are key factors that play a role in how the process can be affected. Within this paper there will be three key factors that will affect advertising in the years to come. The three key factors are: innovation, internet, and regulatory. Each of these key factors are continually changing and growing on a daily basis. Looking into how these factors play a role in advertising

Future Trends In Crisis Intervention Essay

1430 words - 6 pages Future Trends in Crisis Intervention Abstract Mental Health Paraprofessionals (MHPP) will work with the client and family on behavioral issues that occur in the home, school, and community. The MHPP serves on the treatment team and assists professional staff with the execution of the treatment plan. They also assist with securing community services that might be available to the client and the client's family

Hcs/533 Future Trends In Health Care

1614 words - 7 pages Future Trends in Health Care Your Name HCS/533 10 February 2014 Professor Here Future Trends in Health Care Electronic health records have become more prevalent in the current health care system than it was 10 years ago. Electronic health records were not