Latest news with #Boomers
Forbes
42 minutes ago
- Business
- Forbes
The Time To Upgrade To 21st-Century Systems Is Now
CEO & CLO of Age Brilliantly, Jerry Cahn, Ph.D., J.D., leads Project THRIVE to help businesses and workers benefit from upgrading systems. The recent barrage of almost daily flight delays due to air traffic control problems at Newark Airport exposed a set of challenges (registration required) with wider ramifications beyond airports and transportation. As business leaders, we need to see this as a clarion call for upgrading how our companies do business. U.S. Secretary of Transportation Sean Duffy shared with the public that the airport is using outdated equipment, which should have been replaced years ago. In a discussion with Kristen Welker, Duffy highlights that delayed replacement by modern technology caused the problem and needs to be addressed immediately. His action plan involves getting more air traffic controllers into the workforce as well as retirement policy changes, notably raising the retirement age from 56 to 61, with a 20% bonus to encourage older workers to stay. For me, this interview brought to light three key challenges we need to address in the coming years: Most age-related policies were created during the early and mid-20th century, when 'retirement from manual work' for a few "golden" years was the aging norm. Today, thanks to longevity, better health practices and technology, increasing numbers of people are staying productive into their 70s, 80s and beyond. Business leaders should encourage workers who want to continue working in some capacity (not necessarily the same job they did in the past)—whether it's for additional income, are passionate about their work and/or want to engage in purposeful activities—to meet both the workers' needs and those of businesses. The Great Resignation, in which over 50 million people left their jobs, often without another one lined up, revealed that people today want engaging work in which they can meet one or more of the three motives for work (i.e., income, passion, purpose). That applies to adults from Gen-Z through Boomers. Thanks to technology, '9-5 office work' is an option, not a necessity, for those who prefer hybrid, remote and flex work schedules. The key is to do engaging, meaningful, quality work on time so the rest of the team can do theirs. As a result, time blocks for 'work-life balance' are being replaced by life-work integration. Within your 16-hour wake hours, you choose when to work, care for yourself and care for children or parents, learn, etc. For people who choose to work for 30-60 years—in as many as 10 different careers—21st-century businesses need to adapt to these changing needs by offering flexible options so both the workers and the company will thrive. Media and business reports tell us that AI is going to change the nature of work. While some jobs might be eliminated, others will be created. For most people, AI may augment people's ability to do effective and efficient work. Simultaneously, our workforce is going to be intergenerational. As increasing numbers of older workers choose to stay in the workforce and the number of young workers declines (either from lower birth rates or increased preferences for entrepreneurship and gig positions), workers need to reject ageist attitudes toward older workers and younger managers to create collaborative, productive teams. Instead of waiting until the last minute to keep older workers in their jobs by offering "bonus pay," businesses can adopt flexible structures for workers to integrate work and non-work activities throughout their lives. This includes the development of a greater range of career paths in which workers can bring their whole selves to work. Empower them to apply skills and interests they have outside the business to projects within the company as well. Offer programs like phased retirement, sabbaticals, learning breaks, etc., throughout workers' careers, as they can generate greater engagement and retention. The inconveniences and near catastrophes at Newark Airport are the result of a lack of adequate planning and execution. Winston Churchill is widely credited with saying, "Never let a good crisis go to waste." Business leaders should use this as a call to upgrade their business systems now to meet the needs of customers and workers today. For our workers and businesses to thrive simultaneously, we need to adapt to 21st-century realities. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Daily Mail
9 hours ago
- Business
- Daily Mail
3AW host Neil Mitchell sounds the alarm about Jim Chalmer's tax plan
Neil Mitchell has slammed Anthony Albanese 's government for having a plan to punish baby boomers as younger Australians increasingly decide elections. The 73-year-old 3AW host, from the boomer generation, suggested Treasurer Jim Chalmers had an agenda to tax older Australians over 60. 'Boomers beware. Jim Chalmers is taking about "intergenerational justice" in tax,' he said. 'That means a tax on boomers, who actually did a bit to build this country.' Chalmers used his National Press Club address this week to suggested Labor would use its landslide re-election to help younger Australians, with a hint about new taxes being considered to pay for this new relief. Millennials and Generation Z voters - born after 1981 - outnumbered boomers at the last election for the first time ever. 'The decisions we make in the 2020s will determine the sort of living standards and intergenerational justice that we have in the decades to come,' Chalmers said. 'I think there is a broad recognition of that.' Labor was re-elected last month with a plan to slash student debt by 20 per cent, saving the average graduate $5,520 at a cost to taxpayers of $16billion. It also offered tax cuts for low-income workers earning $18,200 to $45,000, with students, apprentices and part-time workers more likely to be young. This relief is set to cost the Budget $17.1billion over four years. That means Labor would either have to cut spending or increase taxes to fund relief that overwhelmingly favours the young, with Treasury only forecasting Budget deficits in coming years as gross government debt soars above $1trillion. That could see Labor review generous tax concessions on things like family trusts that can avoid paying tax on income generated from within the trust. Former Labor leader Bill Shorten lost the 2019 election proposing a new 30 per cent tax on family trusts as funds were distributed to beneficiaries. While that policy was scrapped, the government's upcoming productivity roundtable in August is expected to explore a range of new revenue-raising options, with Chalmers hinting at tax changes. 'The easiest thing in the world is for people to come to us and say we want you to dramatically cut the taxes in our part of the economy and spend dramatically more on our industry, without recognising that there are necessary trade‑offs associated with that,' Chalmers said. Treasurer Jim Chalmers used his National Press Club address this week to suggested Labor would use its landslide re-election to help younger Australians, with a hint about new taxes to pay for new relief The government is still proceeding with plans to impose a new 15 per cent tax on unrealised gains on superannuation balances above $3million, in a bid to raise $2.3billion a year in revenue. In Opposition, Albanese vowed to leave untouched franking tax credits for company shareholders and negative gearing tax breaks for investor landlords, even though house prices have surged at a faster pace since the pandemic. Labor also has no plans to introduce a capital gains tax on the family home. These existing arrangements favour boomers who were able to buy a house to live in cheaply after the capital gains tax debuted in 1985. Chalmers this week downplayed a point about government payments making up 27 per cent of the economy - the highest level since 1986 outside of the pandemic. 'It's not the highest spending since the 80s. I know that you mean absent Covid, but I think it's unusual that we absent Covid,' he said. 'Quite frequently I'll hear we've got the weakest growth in 40 years, or we've got the highest spending. That's not true.' Boomers still have political power with both Albanese and Opposition Leader Sussan Ley hailing from that generation, covering those born from 1946 to 1964. Chalmers belongs to Generation X, spanning 1965 to 1980, along with every state premier. Only the Northern Territory has a Millennial leader.
CTV News
15 hours ago
- Politics
- CTV News
Murphy's Logic: Concerns of younger voters should be taken seriously
I'm a boomer. Moreover, I'm now a senior. Those are terms that I've never cared for but … demographic definitions I cannot deny. A deep dive into the data from the April 28 federal election reveals people in my cohort strongly supported the Liberals. More younger voters supported the Conservatives. That's pretty much the opposite to the way it used to be. It's worth looking at why. The simplest explanation may also prove to be the correct one. Older voters wanted less change than younger voters and Mark Carney's Liberals represented just the right amount of change. Not much; a different face on a familiar body of policy. By definition, it was the small 'c' conservative choice. Every vote counts and the Liberals got the most, the party's best popular vote since 1980 – so they're entitled to govern as they see fit. But even as Conservative support dips in recent polls, the Liberal government should spend considerable time reflecting on why so many others – 41 per cent of the electorate and a great many younger Canadians – voted for change and what it is they want to change. They have legitimate concerns and complaints. It's a long time since a person like me bought a first house and back then, people like me assumed it was only a matter of when we got a first house, not if we got one. Nor did many of us live in our parents' basements, or couch surf because we could afford nothing else. If we had student debts, they were relatively modest, and our jobs were usually full time and secure and came with pensions and benefits, which many of us took for granted. That's not the way it is for many young people and millennials today. Many of them resent us and what we've got – many of us seem entitled and dismissive. We owe it to younger Canadians to listen respectfully to their concerns, to understand them and to insist that government address them. This is not the time for the kind of us versus them thinking and behaviour that often defines partisan politics.
Graziadaily
a day ago
- Entertainment
- Graziadaily
New Pictures Of American Love Story Have Dropped And The Internet Has Thoughts
The fashion pack has been waiting patiently for the first shots and confirmed casting for American Love Story , the upcoming drama about the lives of Carolyn Bessette-Kennedy and John F. Kennedy Jr. And, as the casting photos emerged online this week and the first outfits appeared, the worst appeared to be confirmed – the clothes aren't great. American Love Story ©20th Television, FX Network Cue eagle-eyed fans descending into fashion-fuelled overdrive and running to Reels to greenscreen their thoughts. You can see why these first-look photos have caused such a stir, with Bessette-Kennedy unknowingly hailed as one of fashion's biggest inspirations, the mother of that '90s Calvin Klein aesthetic, the person who managed to find the illusive pair of perfect blue jeans, the white shirt and the white slip wedding dress (oh, the wedding dress!). So far, the looks we've seen have fallen far too short of what could be one of television's biggest fashion moments, maybe ever? Ok, not ever , but come on, an undeniable draw to this couple is aesthetic, no? JFK and Carolyn Bessette-Kennedy, New York, 1996 ©Getty However, perhaps these are the scenes before CBK found her inimitable cool-girl fashion formula, before the Narciso Rodriguez silk slips, before the Birkins; let's give them the benefit of the doubt, right? I really am trying, but that tan-brown coat is seared into my brain at this point. I can almost feel the static. JFK and Carolyn Bessette-Kennedy, New York, 1997 ©Getty Now don't get me wrong, I am far from a fashion snob (I'm currently wearing £5 flip flops) and am in no place to judge (and here I am, judging) but this are one of the most sartorially-gifted couples of the 20th century; the hashtag #cbk has been used over 238,0000 times on Instagram, there are countless accounts solely dedicated to their style. The pair have transcended generations, beloved by Gen Z, Millennials and Boomers alike. So, with an (assumed) healthy wardrobe budget and more than enough inspo pics to go by, what's gone so wrong? Yes, sure, it may look like just jeans and a white shirt, but it's the cut of the jeans, the fit of the shirt that nails the brief, not a satin knee-length skirt and a pair of Converse (CBK would never)! This is an aesthetic that needs serious attention to detail to recreate, aka a dedicated wardrobe department sourcing archival pieces. Carolyn Bessette-Kennedy, 1996 ©Getty Now, I know Sarah Pidgeon and Paul Kelly, the actors, are undoubtedly talented and of course very beautiful people, there's no denying it, however trying to capture the effortless je ne suis quoi of Carolyn Bessette-Kennedy and JFK is one hard job, which just goes to show, you can't recreate cool. Julia Harvey has been Grazia's shopping editor for four years, overseeing and editing all things shopping for the title from trend pages, interiors, gift guides and the best things to buy now in both print and online.
Scottish Sun
2 days ago
- Business
- Scottish Sun
Top 50 slang words for money revealed including ‘shekels' and ‘spondulicks'
Go to the bottom of this story to find the top 50 list Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) BOOMERS call it "cash", while Gen Z prefer to use "paper" – this is how different ages talk about money. A poll of 2,000 adults found Gen Z is the most likely generation to use slang terms, with 58% adopting new phrases, compared to just 19% of Boomers. Sign up for Scottish Sun newsletter Sign up With the way we pay for things continually evolving, so is the language we use to communicate these payments, and as such 29% believe the word "cash" may die out entirely one day. Longstanding phrases such as "lolly" (67%), "shekels" (35%) and "folding green" (13%) are widely used by the over 65s, but are rarely recognised or used by Gen Z or Millennials. However, terms such as "stacks" (32%) and "P's" (27%) are more commonly said by Gen Zs. Despite the introduction of cashless payments, 71% of Brits agree the decline of cash is not inevitable, with 82% believing it's important to have it readily available. Ross Borkett, banking director at Post Office, which commissioned the research said: 'Money, how we talk about it and how we use it, has always been a unique part of British culture. 'Such a wide range of phrases are being used for money, showing how entrenched cash still is within our society. 'Whether you need money to pay the window cleaner or own a local shop and need to deposit your daily takings, we believe cash matters, and it seems so does the public. 'While we're seeing a shift towards contactless and digital payments, this research highlights that Brits still find value in having access to cash - whether they call it 'quid' or 'coin'.' It's not just different generations which have slang terms for money; the research also found that where you live can impact your cash vocabulary. For example, "dosh" is most popular in the North East, while "bread" is most likely to be said by people in the South East. But in Northern Ireland "bank" and "moolah" are popular terms. This has resulted in more than a quarter (27%) of Brits travelling to a different part of the UK and hearing an unfamiliar term for cash. Common ways to pick up these quirky phrases are from parents (42%) and friends (46%), according to the OnePoll data. Dr Lynn Robson, lecturer in English Literature at Oxford University, said: 'As money has evolved from shells and coins to plastic and digital forms, so too has the language we use to describe it. Brit top 50 terms for money 1. Cash 2. Quid 3. Fiver 4. Tenner 5. Coin 6. Notes 7. Change 8. Dosh 9. Grand (or G - £1000) 10. Dough 11. Funds 12. Bucks 13. Bills 14. Coppers 15. Bank 16. Loot 17. Ton (£100) 18. Brass 19. Bread 20. Readies 21. Wonga 22. Lolly 23. Moolah 24. Pony (£25) 25. Monkey (£500) 26. Shrapnel 27. Smackers 28. Wedge 29. Score 30. Peanuts 31. Spondulicks (or Spondoolies) 32. Squids 33. Plastic 34. Paper 35. Shekels 36. Greenbacks 37. Stacks 38. Green 39. Foldin' stuff 40. Bob / Tenners and Twenties 41. Benjamins 42. Crust 43. Ching 44. Large 45. Cheddar 46. Beans 47. Folding green 48. Bangers and mash 49. P's 50. Racks 'Despite the changes in how we pay for things, 'cash' - which has been used in our language for over 500 years - is still the most popular word for money. "When it comes to the language of money, there are many cultural influences that can move phrases from the margins to mainstream culture. 'For example, sayings like "loot" are infiltrating conversations due to the popularity of games like Minecraft, but it is still those closest to us which have the greatest impact on our language.' Do you have a money problem that needs sorting? Get in touch by emailing money-sm@ Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories
