Future care - baby boomers expectations of care and support in late life Kathy Glasgow. Overview

Size: px
Start display at page:

Download "Future care - baby boomers expectations of care and support in late life Kathy Glasgow. Overview"

Transcription

1 Future care - baby boomers expectations of care and support in late life 2016 Kathy Glasgow Overview Characteristics of NZs baby boomers What boomers think about growing older Their attitudes to care and support Implications for care and support services 1

2 Background PhD research A new old age? What kinds of expectations do boomers have about their life in older age? What attitudes and underlying values contribute to boomers expectations? How congruent are boomers values and expectations with current policy paradigms? How may boomers values and attitudes inform and shape the policy agenda in an ageing society (and vice versa)? NZ Baby Boomers Were born million boomers born NZ boom longest and highest rate Boomers grew up during a golden age of welfare, and contributed to, a period of significant social, cultural and technological change Large number of boomers has resulted in changing levels of demand for services throughout boomers lives Boomers now aged between 51 & 70 years 2

3 Are boomers a distinct generation? Boomers differ from their parents generation in a number of ways: Higher level of education Pattern of family life more varied More diverse lifestyles and patterns of work Longer & generally healthier lives Different attitudes e.g. to finance, to migration, to travel, to authority. A diverse group differences between older and younger boomers Leading boomers had more traditional pathway re marriage, children, home ownership Leading boomers benefited from family friendly housing & social policies Trailing boomers are a larger sub-cohort Trailing boomers had fewer children but their children are living at home for longer Trailing boomers have lived more years in a consumer culture, had higher education and housing costs, tighter job market. 3

4 Boomers view of their own generation Share a sense of identity as baby boomers See boomers as non-conformist, less deferential, anti-establishment View selves as pioneers and change agents Confident in their ability to advocate for change Individualistic, materialistic, liberal in attitudes Younger boomers see selves as more self indulgent than older boomers Older boomers see selves as more radical Most felt they had been lucky compared to younger and older cohorts 4

5 Perceived influences Parents experiences of war & the Depression Protest marches in the 60s & student radicals Womens liberation Access to childcare Hippie flower power JFK Vietnam war Man on the moon Music Migration Springbok tour Dawn raids Muldoon s think big Threat of nuclear war TV, Computers Media & marketing Global travel Free education Beliefs, attitudes and values Appreciative of parents efforts and nostalgic for simpler society of their childhood Critical of materialist and consumer society Support work ethic but also work-life balance Support rights based entitlement to State help when in need Determined to protect autonomy and choices Concerned about quality of life, equity and global eco-political issues Value independence, choice, fairness, responsibility, autonomy, reciprocity. 5

6 Expectations of own old age Expect to age differently to parents Expect to be healthier and more active Expect to be able to choose to participate in paid or unpaid work Optimistic about own ability to choose lifestyle, but aware of ageism But feel poorly prepared for old age Mid-life boomers anticipated lifestyle Satisfying balance of paid and unpaid work, leisure and family based activities Active lifestyle, including some travel (less international travel, more NZ based) Simplified and more sustainable living with strong sense of community desired Coastal, semi-rural or communal city living Desire autonomy with proximity to friends, and family visits Don t expect to stop contributing including volunteering, but plan to do so on their own terms 6

7 View of self growing older Do not welcome physical changes Some resistance to and denial of old age Fear: losing their independence through reduced health, loss of work and income; being patronised Look forward to: more time to do the things they enjoy; less and better work; changing family responsibilities; reduced pressure to conform Anticipate opportunities to give back to others Anticipated family support Expect to provide financial support to younger generations. Varied views on inheritence. Expect to provide practical, emotional and perhaps physical support to older generations. Most wish to avoid burdening family. Don t expect nor wish for physical care and financial support from family Hope to receive social/emotional support. Most expect to live at a distance from family. Alternative support anticipated from friends, partners and formal support services. 7

8 Expectations of state support Low level of confidence in support from the State Access to a state pension seen as a citizens right, but reduced access anticipated in own lifetime Access to comprehensive health care an area of concern, and a potential focus for organised protest Quality of residential care and quantity of home support a concern and state support desired. Meeting future care and support needs Boomers value quality of life, independence and will look for support to maintain activities. Boomers desire flexible responsive services. Boomers will seek formal support to reduce demands on family. Boomers are attracted to approaches that allow individuality. Boomers expect good communication and information from service providers. 8

9 A new old age? Boomers experience of ageing will continue to shape their behaviour. Boomer values suggest they are likely to strongly resist imposed conformity in late life. Some ingredients for collective action are present but no clear set of common demands. Boomers are concerned about adequacy of future health and support services. Boomers expect to question and challenge Are we ready? Some conclusions These boomers feel a moral responsibility to support older and younger generations contrary to portrayals of them as a self centred generation. Boomers desire to create their own innovative support arrangements. Boomer support networks are more diverse strengths and weaknesses of networks need to be considered in service planning. Individualised support will be important with choices maximised. Need to work with boomer s values, attitudes and circumstances. 9

Each generation brings different value systems, interests, priorities, concerns, attitudes and behaviors to the mix. There are also smaller cusp

Each generation brings different value systems, interests, priorities, concerns, attitudes and behaviors to the mix. There are also smaller cusp Each generation brings different value systems, interests, priorities, concerns, attitudes and behaviors to the mix. There are also smaller cusp generations between these, whose characteristics are a blend

More information

16 th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness

16 th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness 6 th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness August 0 TCRS 0--0 Transamerica Institute, 0 Welcome to the 6 th Annual Transamerica Retirement Survey Welcome

More information

Boomer, Gen X, Millennial Women: Do they give differently?

Boomer, Gen X, Millennial Women: Do they give differently? Boomer, Gen X, Millennial Women: Do they give differently? November 29, 2017 Abbie J von Schlegell, CFRE Principal a. von schlegell & co Who Are Boomers? Born 1946 to 1964 AKA: Woodstock Generation 78

More information

Session Purpose and Focus. Why Bother? Approaches to understanding generational differences Generational research. Generational Marketing 2008

Session Purpose and Focus. Why Bother? Approaches to understanding generational differences Generational research. Generational Marketing 2008 Session Purpose and Focus Explore generational differences of potential importance to marketing Discuss what we know about the generations Examine ways to address generational differences and particular

More information

SURVIVAL GUIDE FOR PRODUCTIVE DISCUSSIONS

SURVIVAL GUIDE FOR PRODUCTIVE DISCUSSIONS SURVIVAL GUIDE FOR PRODUCTIVE DISCUSSIONS Representatives must be sure to obtain all pertinent information about their clients in order to better understand them and make appropriate recommendations. This

More information

COTA SA: DRAFT SUBMISSION ON THE SA TRANSPORT PLAN

COTA SA: DRAFT SUBMISSION ON THE SA TRANSPORT PLAN 28 November 2013 COTA SA: DRAFT SUBMISSION ON THE SA TRANSPORT PLAN The Council on the Ageing SA (COTA SA) is pleased to have the opportunity to provide this brief submission to the State Government s

More information

The proposition. However, in the UK the transfer of risk and responsibilities from the state to individuals has so far reduced the immediate danger.

The proposition. However, in the UK the transfer of risk and responsibilities from the state to individuals has so far reduced the immediate danger. The proposition The current debate about the ageing society makes the mistake of applying today s expectations and assumptions about older people onto tomorrow s numbers. The proposition This often leads

More information

18 th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness. June 2018 TCRS

18 th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness. June 2018 TCRS th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness June 0 TCRS -06 Transamerica Institute, 0 Welcome to the th Annual Transamerica Retirement Survey Welcome to this

More information

17 th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness

17 th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness 1 th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness December 016 TCRS 1-6 Transamerica Institute, 016 Table of Contents Welcome to the 1 th Annual Transamerica Retirement

More information

BONZA REPORT- October 2014

BONZA REPORT- October 2014 1 2 The Bonza Report- October 2014 Preview BONZA (Baby Boomers of NZ and Australia) www.bonza.com.au was founded in 2001 and was the brainchild of Brian Murphy ( current editor) and Keith Blake ( BONZA

More information

Findings from The 2009 MetLife Study of the American Dream

Findings from The 2009 MetLife Study of the American Dream Findings from The 2009 MetLife Study of the American Dream UFS The American Dream Revised Not Reversed: Against the Backdrop of the Financial Burden Shift Agenda 1 2 1 Introduction American dream revised,

More information

Baby Boomers are a stressed generation, but even with their worries about retirement, they are satisfied with life in general.

Baby Boomers are a stressed generation, but even with their worries about retirement, they are satisfied with life in general. Baby Boomers are a stressed generation, but even with their worries about retirement, they are satisfied with life in general. * The State of the Baby Boomers study was conducted by The Strategic Counsel,

More information

Boomers at Midlife. The AARP Life Stage Study. Wave 2

Boomers at Midlife. The AARP Life Stage Study. Wave 2 Boomers at Midlife 2003 The AARP Life Stage Study Wave 2 Boomers at Midlife: The AARP Life Stage Study Wave 2, 2003 Carol Keegan, Ph.D. Project Manager, Knowledge Management, AARP 202-434-6286 Sonya Gross

More information

Inclusive Growth and Adult Ageing

Inclusive Growth and Adult Ageing Inclusive Growth and Adult Ageing Simon Biggs Biggss@unimelb.edu.au Sbiggs@bsl.edu.au A long Life in Context The Changing Adult Lifecourse Current Policy Narratives Lifecourse Priorities Re-thinking the

More information

17 th Annual Transamerica Retirement Survey Influences of Gender on Retirement Readiness

17 th Annual Transamerica Retirement Survey Influences of Gender on Retirement Readiness 1 th Annual Transamerica Retirement Survey Influences of Gender on Retirement Readiness December 2016 TCRS 1335-1216 Transamerica Institute, 2016 Welcome to the 1 th Annual Transamerica Retirement Survey

More information

Midlife New Zealanders Aged in 2008: Enhancing Wellbeing in an Ageing Society. Charles Waldegrave and Peggy Koopman-Boyden (eds)

Midlife New Zealanders Aged in 2008: Enhancing Wellbeing in an Ageing Society. Charles Waldegrave and Peggy Koopman-Boyden (eds) Midlife New Zealanders Aged 40-64 in 2008: Enhancing Wellbeing in an Ageing Society Charles Waldegrave and Peggy Koopman-Boyden (eds) Authors: Ben Amey, Michael Cameron, Peter King, Peggy Koopman-Boyden,

More information

Level 1 l Pre-intermediate / Intermediate

Level 1 l Pre-intermediate / Intermediate 1 Warmer Match the generations to the years they were born in. Scan the article to check your answers. 1. millennials a. 1946 1965 2. baby boomers b. 1966 1980 3. Generation X c. 1981 2000 2 Key words

More information

18 th Annual Transamerica Retirement Survey Influences of Household Income on Retirement Readiness. June 2018 TCRS

18 th Annual Transamerica Retirement Survey Influences of Household Income on Retirement Readiness. June 2018 TCRS 1 th Annual Transamerica Retirement Survey Influences of Household Income on Retirement Readiness June 01 TCRS -01 Transamerica Institute, 01 Welcome to the 1 th Annual Transamerica Retirement Survey Welcome

More information

The Business of Ageing Update 2015

The Business of Ageing Update 2015 INTRODUCTION i The Business of Ageing Update 2015 This report provides an update to the report: Realising the Economic Potential of Older People in New Zealand: 2051 ii THE BUSINESS OF AGEING UPDATE 2015

More information

The Aging Population and Political Participation in Japan

The Aging Population and Political Participation in Japan Challenges to Developing Country The Aging Population and Political Participation in Japan Name: Wilda Fatma Apsari Student Number: 20120510255 International Program of International Relations Faculty

More information

Policy Directions to Challenge Ageism

Policy Directions to Challenge Ageism EveryAGE Counts Campaign Policy Directions to Challenge Ageism The EveryAGE Counts campaign is driven by a national coalition of organisations and individuals formed to shift negative social norms on ageing

More information

Level 2 l Upper intermediate

Level 2 l Upper intermediate 1 2 Warmer Match the generations to the years they were born in. Scan the article to check your answers. 1. millennials a. 1946 1965 2. baby boomers b. 1966 1980 3. Generation X c. 1981 2000 Key words

More information

Aging in Asia and Oceania AARP Multinational Survey of Opinion Leaders 2006

Aging in Asia and Oceania AARP Multinational Survey of Opinion Leaders 2006 Aging in Asia and Oceania AARP Multinational Survey of Opinion Leaders 2006 New Zealand Country Report March 2007 Prepared by Princeton Survey Research Associates International for Aging in Asia and Oceania

More information

SUBMISSION TO THE GOVERNMENT OF SOUTH AUSTRALIA ON THE STATE TRANSPORT PLAN

SUBMISSION TO THE GOVERNMENT OF SOUTH AUSTRALIA ON THE STATE TRANSPORT PLAN COUNCIL ON THE AGEING, SOUTH AUSTRALIA SUBMISSION TO THE GOVERNMENT OF SOUTH AUSTRALIA ON THE STATE TRANSPORT PLAN Prepared by COTA SA 16 Hutt Street Adelaide SA 5000 (08) 8232 0422 www.cotasa.org.au Prepared

More information

5 WAYS TO HELP GEN Y, GEN X, AND BOOMER WOMEN ACHIEVE THEIR FINANCIAL GOALS

5 WAYS TO HELP GEN Y, GEN X, AND BOOMER WOMEN ACHIEVE THEIR FINANCIAL GOALS 5 WAYS TO HELP GEN Y, GEN X, AND BOOMER WOMEN ACHIEVE THEIR FINANCIAL GOALS A 2015 analysis of the study, The Financial Needs of Women of Color, conducted by The American College State Farm Center for

More information

What does it mean to you?

What does it mean to you? What does it mean to you? The Life Evaluation Index combines the evaluation of one s present life situation with one s anticipated life situation five years from now. The Emotional Health Index is primarily

More information

Increasing the Employment of Women through Flexible Work Arrangements

Increasing the Employment of Women through Flexible Work Arrangements Increasing the Employment of Women through Flexible Work Arrangements Statements and Comments - Malta Dr Marceline Naudi University of Malta 1. Maltese Context The recently published Gender Equality Action

More information

Combatting ageism to improve access to employment. Jemma Mouland February 2019

Combatting ageism to improve access to employment. Jemma Mouland February 2019 Combatting ageism to improve access to employment Jemma Mouland February 2019 Centre for Ageing Better We work for a society where everybody enjoys a good later life An independent charitable foundation

More information

European Social Reality

European Social Reality Social Reality EUBAMETER Romanian citizens appear to live in a more negative social reality than citizens on average. They are considerably less happy, more dissatisfied with various aspects of their daily

More information

DISPOSABLE INCOME INDEX

DISPOSABLE INCOME INDEX DISPOSABLE INCOME INDEX Q1 2018 A commissioned report for Scottish Friendly CREDIT CARD 1234 5678 9876 5432 JOHN SMITH Executive summary The Scottish Friendly Disposable Income Index uses new survey data

More information

The Future of Retirement The power of planning

The Future of Retirement The power of planning The Future of Retirement The power of planning UK Report Foreword Welcome to the sixth Future of Retirement report, researched exclusively for HSBC. A lifetime of working is likely to create a strong appreciation

More information

Special Report. Retirement Confidence in America: Getting Ready for Tomorrow EBRI EMPLOYEE BENEFIT RESEARCH INSTITUTE. and Issue Brief no.

Special Report. Retirement Confidence in America: Getting Ready for Tomorrow EBRI EMPLOYEE BENEFIT RESEARCH INSTITUTE. and Issue Brief no. December 1994 Jan. Feb. Mar. Retirement Confidence in America: Getting Ready for Tomorrow Apr. May Jun. Jul. Aug. EBRI EMPLOYEE BENEFIT RESEARCH INSTITUTE Special Report and Issue Brief no. 156 Most Americans

More information

The Future of Retirement Why family matters

The Future of Retirement Why family matters The Future of Retirement Why family matters India Fact Sheet 2 The Future of Retirement Introduction HSBC s The Future of Retirement programme is a leading independent study into global retirement trends.

More information

Bank of the West 2018 Millennial Study Results

Bank of the West 2018 Millennial Study Results Bank of the West 2018 Millennial Study Results July 2018 Table of Contents Executive Summary 3 Key Findings 5 The Millennial Mindset The American Dream 6 Homeownership 9 Relationship with Debt 17 Investing

More information

Ageing Better in Birmingham Sparkbrook Local Action Plan

Ageing Better in Birmingham Sparkbrook Local Action Plan Ageing Better in Birmingham Sparkbrook Local Action Plan August 2017 V0.10 CONTENTS 1.0 INTRODUCTION 3 1.1 Role of Local Action Plans 3 2.0 SPARKBROOK WARD: BACKGROUND 5 2.1 Key Causes of Social Isolation

More information

AGE OF OPPORTUNITY. What does an ageing society mean for your organisation? Susie Rabin. September 2014

AGE OF OPPORTUNITY. What does an ageing society mean for your organisation? Susie Rabin. September 2014 AGE OF OPPORTUNITY What does an ageing society mean for your organisation? Susie Rabin September 2014 ABOUT THE COMMISSION ON THE VOLUNTARY SECTOR & AGEING Set up by NPC and ILC-UK Chair Lynne Berry OBE

More information

More & More Americans Having to Work Past Age 70

More & More Americans Having to Work Past Age 70 More & More Americans Having to Work Past Age 70 July 18, 2017 by Gary Halbert of Halbert Wealth Management 1. Almost One-Fifth of Americans Are Working Past Age 70 2. Seniors, There s No Guarantee of

More information

Finding Your Financial Personality: Beginner

Finding Your Financial Personality: Beginner Finding Your Financial Personality: Beginner Breakout Session: Dallas 5-7 Roy Nyquist, CPCM, Fellow Past Vice President, SunCoast Chapter Crystal M Glenn, CPCM, Fellow Past President, Tysons Chapter Date

More information

Pensions for Women Presentation to Irish Women Lawyers Assocation 4th July 2009 Rachel Doyle NWCI Head of Outreach and Support

Pensions for Women Presentation to Irish Women Lawyers Assocation 4th July 2009 Rachel Doyle NWCI Head of Outreach and Support Pensions for Women Presentation to Irish Women Lawyers Assocation 4th July 2009 Rachel Doyle NWCI Head of Outreach and Support Good morning everyone I would like to extend my thanks to the IWLA for inviting

More information

Baby Boomers: s

Baby Boomers: s Baby Boomers: 1945-1960s Rising healthcare costs, taxes and low interest rates are prompting even the wealthiest 2 Baby Boomers to question whether they will outlive their money. Baby Boomers: 1945-1960s

More information

John W. Martin. Today s Agenda 12/17/2014. SIR Research, All Rights Reserved. New Planning Perspective. Major Trends Shaping Retirement Systems

John W. Martin. Today s Agenda 12/17/2014. SIR Research, All Rights Reserved. New Planning Perspective. Major Trends Shaping Retirement Systems John W. Martin Southeastern Institute of Research Today s Agenda 1 2 3 New Planning Perspective Major Trends Shaping Retirement Systems What To Do Next The Future Societal Trends Cultural Trends Demographic

More information

MILLENNIALS AND BRANDS. Prepared by: QNA May, 2016

MILLENNIALS AND BRANDS. Prepared by: QNA May, 2016 MILLENNIALS AND BRANDS Prepared by: QNA May, 2016 CONTENTS Background and Objectives Methodology Respondent Profile Generational Characteristics Brand Values Self-Expression Through Brand Choices Brand

More information

Populations: an Introduction to Demography. Population Trends In Canada

Populations: an Introduction to Demography. Population Trends In Canada Populations: an Introduction to Demography Population Trends In Canada Demography Demography is the study of populations over time and over place. The three major components of demography are: (1) mortality,

More information

Are Baby Boomers Healthier than their Parents?

Are Baby Boomers Healthier than their Parents? Are Baby Boomers Healthier than their Parents? 11 th Global Conference of the International Federation of Aging 28May to 1 st June, 2012 Dr Jennifer Buckley Dr Lisel O Dwyer Professor Graeme Hugo University

More information

Comparative analysis of the role of NGOs and the State in Social Inclusion of Older Adults in Russia

Comparative analysis of the role of NGOs and the State in Social Inclusion of Older Adults in Russia Comparative analysis of the role of NGOs and the State in Social Inclusion of Older Adults in Russia Gulnara Minnigaleeva, PhD Associate Professor State University Higher School of Economics Moscow, Russia

More information

Reasons for promoting population growth in the 1980s. Ageing population

Reasons for promoting population growth in the 1980s. Ageing population Reasons for promoting population growth in the 1980s Ageing population fewer babies born fewer young people in the populationnumber of older people would become proportionately larger ageing population

More information

17 th Annual Transamerica Retirement Survey Influences of Educational Attainment on Retirement Readiness

17 th Annual Transamerica Retirement Survey Influences of Educational Attainment on Retirement Readiness th Annual Transamerica Retirement Survey Influences of Educational Attainment on Retirement Readiness December 0 TCRS - Transamerica Institute, 0 Welcome to the th Annual Transamerica Retirement Survey

More information

TOP FINDINGS FROM THE

TOP FINDINGS FROM THE TOP FINDINGS FROM THE 2018 Fidelity Investments New Year Financial Resolutions Study A FEW WORDS ABOUT THE STUDY The Fidelity Investments New Year Financial Resolutions Study was designed to explore attitudes

More information

Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL. on the European Year for Active Ageing (2012) (text with EEA relevance)

Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL. on the European Year for Active Ageing (2012) (text with EEA relevance) EUROPEAN COMMISSION Brussels, 6.9.2010 COM(2010) 462 final 2010/0242 (COD) C7-0253/10 Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the European Year for Active Ageing (2012)

More information

Coming of Age: The Impact of an Ageing Workforce on New Zealand Business

Coming of Age: The Impact of an Ageing Workforce on New Zealand Business Coming of Age: The Impact of an Ageing Workforce on New Zealand Business Luminary Search Level 8 AMP Centre 29 Customs St Auckland. www.luminarysearch.co.nz Executive Summary/Key Findings As more baby

More information

Healthcare and Health Insurance Choices: How Consumers Decide

Healthcare and Health Insurance Choices: How Consumers Decide Healthcare and Health Insurance Choices: How Consumers Decide CONSUMER SURVEY FALL 2016 Despite the growing importance of healthcare consumerism, relatively little is known about consumer attitudes and

More information

Singapore The Future of Retirement Report Generations and journeys

Singapore The Future of Retirement Report Generations and journeys The Future of Retirement Generations and journeys Singapore The Future of Retirement Report Generations and journeys Foreword Approaches to finances Finances in retirement Practical steps Key findings

More information

HEALTH AND WELLBEING: AGEING WORKFORCE

HEALTH AND WELLBEING: AGEING WORKFORCE HEALTH AND WELLBEING: AGEING WORKFORCE DR NATHAN LANGSLEY BMEDSCI, MB BS, MRCPSYCH, MPHIL Welcome My details Scope of the talk Apologies for terminology eg older or ageing Apologies that some stats (eg

More information

Inaugural Seminar April 27, Sanford Institute of Philanthropy 1

Inaugural Seminar April 27, Sanford Institute of Philanthropy 1 Inaugural Seminar April 27, 2017 2017 Sanford Institute of Philanthropy 1 A Special Presentation for The Sanford Institute for Philanthropy @ LIU Tectonic Shifts in Philanthropy Are you Ready? April 2017

More information

UNITED WAY EMPLOYEE ENGAGEMENT FORUM Tricks of the Trade: Making Your Giving Campaign Meaningful to Employees

UNITED WAY EMPLOYEE ENGAGEMENT FORUM Tricks of the Trade: Making Your Giving Campaign Meaningful to Employees Tricks of the Trade: Making Your Giving Campaign Meaningful to Employees Andrew Allen Director, Community Relations Tricks of the Trade: Making United Way Meaningful to Employees Andrew Allen Director,

More information

Submission on the Productivity Commission s commissioned study. Economic Implications of an Ageing Australia

Submission on the Productivity Commission s commissioned study. Economic Implications of an Ageing Australia Submission on the Productivity Commission s commissioned study Economic Implications of an Ageing Australia October 2004 1 About Volunteering Australia Volunteering Australia is the national peak body

More information

Consciousness of Baby Boomer Generation

Consciousness of Baby Boomer Generation Section 3 Consciousness of Baby Boomer Generation Since 2012, people born at the time great changes after the war such as popularization of higher education, shift to salaried employments, urbanization,

More information

RETIREMENT EDUCATION. The Correlation Between Retirement Readiness and Employer Involvement

RETIREMENT EDUCATION. The Correlation Between Retirement Readiness and Employer Involvement RETIREMENT EDUCATION The Correlation Between Retirement Readiness and Employer Involvement Employer-Provided Retirement Education a Win-Win for Employers and Employees Americans workplace retirement plans

More information

These Aren t Your Father s Benefits

These Aren t Your Father s Benefits These Aren t Your Father s Benefits Elizabeth Halkos, CMO Purchasing Power May 9, 2012 WWW.BENEFITSSELLINGEXPO.COM AGENDA State of the Benefits Industry In the Beginning Where we are now Where we are heading

More information

Copyright 2010 Carol Yip

Copyright 2010 Carol Yip Copyright 2009 Carol Yip Copyright 2009 Carol Yip What are your challenges in money management and financial planning? Your Financial Expectation? Your definition of Life perceptions & expectations in

More information

Reaching the Millennial Market. Why Millennials Are Important to Your Business

Reaching the Millennial Market. Why Millennials Are Important to Your Business Reaching the Millennial Market Why Millennials Are Important to Your Business Financial guidance is important at every age. But how do you convey that importance to the millennial generation who are in

More information

RETIREMENT: WHAT COMES NEXT?

RETIREMENT: WHAT COMES NEXT? Since he retired he s driving me nuts with his chore ethic RETIREMENT: WHAT COMES NEXT? I guess I never realize that getting old was such a big part of the aging process Well it sure beats sitting on your

More information

Productivity key to raising living standards

Productivity key to raising living standards Productivity key to raising living standards Janine Dixon Centre of Policy Studies, Victoria University August, The Treasury s Intergenerational Report (IGR) paints a rosy picture of the future, projecting

More information

Is the UK retirement ready?

Is the UK retirement ready? Is the UK ready? We surveyed British adults of all ages and analysed industry research to find out the answer to this much contemplated question. Explore the results. Whitepaper by Age Partnership, released

More information

Demographic Trends and the Older Workforce

Demographic Trends and the Older Workforce Demographic Trends and the Older Workforce November 10, 2004 Linda Barrington, Ph.D. The Conference Board www.conference-board.org THE CONFERENCE BOARD Finding solutions together Councils Conferences Symposium

More information

KEY FINDING: COUPLES AND DEBT

KEY FINDING: COUPLES AND DEBT TOP FINDINGS FROM THE 2018 FIDELITY INVESTMENTS A FEW WORDS ABOUT THE STUDY The 2018 Fidelity Investments Couples & Money Study analyzes retirement and financial expectations and preparedness among 1,662

More information

October Virtue in action. Domestic Policy and Election 2004: A Look at Issues that Hit Home. fostering citizenship through character education

October Virtue in action. Domestic Policy and Election 2004: A Look at Issues that Hit Home. fostering citizenship through character education October 2004 Virtue In Action Domestic Policy and Election 2004: A Look at Issues that Hit Home Virtue in action fostering citizenship through character education 2 In determining their vote for President,

More information

Volume Four, Issue 1 February 2001

Volume Four, Issue 1 February 2001 Volume Four, Issue 1 February 2001 In This Issue In this first issue of the McGraw Wentworth Benefit Advisor for 2001, we will examine the value of long-term care insurance. We will look at the benefits

More information

Retirement Income Scenario Matrices. William F. Sharpe. 1. Demographics

Retirement Income Scenario Matrices. William F. Sharpe. 1. Demographics Retirement Income Scenario Matrices William F. Sharpe 1. Demographics This is a book about strategies for producing retirement income personal income during one's retirement years. The latter expression

More information

Boomers Envision Retirement II

Boomers Envision Retirement II Boomers Envision Retirement II 2003 Survey of Baby Boomers Expectations for Retirement Prepared for: June 2004 Contact Knowledge Management for Additional Information 1 Research Objectives To build on

More information

Making the most of your savings

Making the most of your savings Isle of Man Retirement Savings Plan Making the most of your savings Your guide to Investment Options in thetesco Isle of Man Retirement Savings Plan April 2016 Your guide to Investment Options in the Tesco

More information

The benefits of an ageing population

The benefits of an ageing population THE AUSTRALIA INSTITUTE The benefits of an ageing population Judith Healy Australian National University Discussion Paper Number 63 March 2004 ISSN 1322-5421 ii The Australia Institute This work is copyright.

More information

CHAPTER.5 PENSION, SOCIAL SECURITY SCHEMES AND THE ELDERLY

CHAPTER.5 PENSION, SOCIAL SECURITY SCHEMES AND THE ELDERLY 174 CHAPTER.5 PENSION, SOCIAL SECURITY SCHEMES AND THE ELDERLY 5.1. Introduction In the previous chapter we discussed the living arrangements of the elderly and analysed the support received by the elderly

More information

Active Ageing. Fieldwork: September November Publication: January 2012

Active Ageing. Fieldwork: September November Publication: January 2012 Special Eurobarometer 378 Active Ageing SUMMARY Special Eurobarometer 378 / Wave EB76.2 TNS opinion & social Fieldwork: September November 2011 Publication: January 2012 This survey has been requested

More information

Baby Boomers and Ac/ve Ageing: What is the Future for South Australia?

Baby Boomers and Ac/ve Ageing: What is the Future for South Australia? Baby Boomers and Ac/ve Ageing: What is the Future for South Australia? Dr Helen Feist Ac/ng Director Australian Popula/on and Migra/on Research Centre University of Adelaide 20 th August, 2015 Who are

More information

GROUP SAVINGS & RETIREMENT. The basics of retirement planning. Plan for life

GROUP SAVINGS & RETIREMENT. The basics of retirement planning. Plan for life GROUP SAVINGS & RETIREMENT The basics of retirement planning Plan for life Hello. Are you close to retiring? If you re almost there, then understanding retirement planning basics is key so that you can

More information

Too poor to retire. Why younger generations will have to work more, save more or spend less

Too poor to retire. Why younger generations will have to work more, save more or spend less Too poor to retire Why younger generations will have to work more, save more or spend less Live long and prosper? Stagnating pay, higher housing costs, decreasing home ownership, rising student debts,

More information

INCOME Ageing in Ireland Fact File No. 3

INCOME Ageing in Ireland Fact File No. 3 National Council on Ageing and Older People INCOME Ageing in Ireland Fact File No. 3 In general, the income pattern of older people is radically different from that of younger adults. The absolute income

More information

Poverty and Inequality Commission Priorities and Work Plan

Poverty and Inequality Commission Priorities and Work Plan Poverty and Inequality Commission Priorities and Work Plan BACKGROUND The Poverty and Inequality Commission was set up to: provide advice to Scottish Government monitor progress in tackling poverty and

More information

EBRI EMPLOYEE BENEFIT RESEARCH INSTITUTE

EBRI EMPLOYEE BENEFIT RESEARCH INSTITUTE T-107 EBRI EMPLOYEE BENEFIT RESEARCH INSTITUTE Testimony of Dallas L. Salisbury President, Employee Benefit Research Institute (EBRI) Chairman, American Savings Education Council (ASEC) Before The House

More information

Retirement what s your plan?

Retirement what s your plan? Retirement what s your plan? Topics covered Lifestyle planning Sources of retirement income Maximizing your retirement income Estate planning Whether you re approaching retirement or already enjoying it,

More information

Financial Perspectives on Aging and Retirement Across the Generations

Financial Perspectives on Aging and Retirement Across the Generations Financial Perspectives on Aging and Retirement Across the Generations GREENWALD & ASSOCIATES October 2018 Table of Contents Executive Summary 2 Background and Methodology 3 Key Findings 5 Retrospectives

More information

The Boomers Have Already Been Overtaken By the Millennials

The Boomers Have Already Been Overtaken By the Millennials The Boomers Have Already Been Overtaken By the Millennials November 14, 2016 by Urban Carmel of The Fat Pitch Summary: Demographics is a key driver of economic growth. Most people focus on the aging of

More information

EUROBAROMETER 71 PUBLIC OPINION IN THE EUROPEAN UNION SPRING This survey was requested and coordinated by Directorate-General for Communication.

EUROBAROMETER 71 PUBLIC OPINION IN THE EUROPEAN UNION SPRING This survey was requested and coordinated by Directorate-General for Communication. Standard Eurobarometer European Commission EUROBAROMETER 71 PUBLIC OPINION IN THE EUROPEAN UNION SPRING 2009 NATIONAL REPORT Standard Eurobarometer 71 / Spring 2009 TNS Opinion & Social EXECUTIVE SUMMARY

More information

Does Social Support Mediate the Association between Functional Disability and Depression? I-Fen Lin Hsueh-Sheng Wu. Bowling Green State University

Does Social Support Mediate the Association between Functional Disability and Depression? I-Fen Lin Hsueh-Sheng Wu. Bowling Green State University 1 Does Social Support Mediate the Association between Functional Disability and Depression? I-Fen Lin Hsueh-Sheng Wu Bowling Green State University Department of Sociology and Center for Family and Demographic

More information

17 th Annual Transamerica Retirement Survey Influences of Ethnicity on Retirement Readiness

17 th Annual Transamerica Retirement Survey Influences of Ethnicity on Retirement Readiness 1 th Annual Transamerica Retirement Survey Influences of Ethnicity on Retirement Readiness December 01 TCRS 1-11 Transamerica Institute, 01 Welcome to the 1 th Annual Transamerica Retirement Survey Welcome

More information

STATE OF THE PROTECTION NATION. March 2017

STATE OF THE PROTECTION NATION. March 2017 STATE OF THE March 2017 INTRODUCTION Royal London commissioned this research to find out how people felt about their own protection needs and the industry as a whole. And to answer questions such as: does

More information

Ask Afrika 2010 Making financial markets work for the poor

Ask Afrika 2010 Making financial markets work for the poor Ask Afrika 2010 Making financial markets work for the poor Give a man a fish Ask Afrika 2010 Making financial markets work for the poor 2 Ask Afrika 2010 Making financial markets work for the poor 3 Ask

More information

50.3% 3 (n = 128) 75.6% 53. iii

50.3% 3 (n = 128) 75.6% 53. iii 0312006 1 2007 680 5.4% 8.6% 1000 2007 1 6 60 2 3 2006 4 98!! 12 9 1 i 1 2 2 4 1 2 3 1 2006 10 16 12 27 7 7 2 () 2002 36 2003 26 2003 15 2003 2005 2005 2006 * * ** ** 012 2336 1224 1224 34 ** 2424 11 012

More information

Time for a. New Deal. for Young People. Broadbent Institute poll highlights millennials precarious future and boomers worries.

Time for a. New Deal. for Young People. Broadbent Institute poll highlights millennials precarious future and boomers worries. Time for a New Deal for Young People. March 2014 Broadbent Institute poll highlights millennials precarious future and boomers worries Executive Summary: A poll conducted for the Broadbent Institute shows

More information

Civic Engagement in an Older America

Civic Engagement in an Older America Civic Engagement in an Older America FOCUS GROUPS SUMMARY REPORT 2005 White House Conference on Aging Project Overview In 2004, GSA received a grant from The Atlantic Philanthropies to launch Civic Engagement

More information

Understanding the positive investor

Understanding the positive investor Understanding the positive investor A research study revealing the level of interest in positive investment in the United Kingdom Understanding the positive investor 02 Contents About this report Executive

More information

THE GROWING MARKET POWER OF 60+

THE GROWING MARKET POWER OF 60+ THE GROWING MARKET POWER OF 60+ and HOW YOU CAN CAPITALIZE BY SERVING THIS MARKET MORE EFFECTIVELY Prepared for delivery at the Beyond the Boomers conference Chicago, Illinois October 20, 2006 Linda L.

More information

Wealth and Welfare: Breaking the Generational Contract

Wealth and Welfare: Breaking the Generational Contract CHAPTER 5 Wealth and Welfare: Breaking the Generational Contract The opportunities open to today s young people through their lifetimes will depend to a large extent on their prospects in employment and

More information

Changing patterns of wealth accumulation and decumulation across cohorts

Changing patterns of wealth accumulation and decumulation across cohorts Changing patterns of wealth accumulation and decumulation across cohorts Laura Gardiner, Resolution Foundation May 2017 Full report available at: http://www.resolutionfoundation.org/publications/thegeneration-of-wealth-asset-accumulation-across-and-within-cohorts/

More information

Family and Work. 1. Labor force participation of married women

Family and Work. 1. Labor force participation of married women Family and Work 1. Labor force participation of married women - why has it increased so much since WW II? - how is increased market work related to changes in the gender wage gap? 2. Is there a time crunch?

More information

Aviva Home Series Changing Households. Retirement Investments Insurance Health

Aviva Home Series Changing Households. Retirement Investments Insurance Health Aviva Home Series Changing Households Retirement Investments Insurance Health Aviva Home Series Key findings Welcome to Aviva s Changing Households report Contents Key findings Foreword 01 The concept

More information

Thinking Boomer: Understanding This Generation and What They Need From You

Thinking Boomer: Understanding This Generation and What They Need From You FROM THE JULY 2017 ISSUE OF INVESTMENT ADVISOR JULY 3, 2017 Thinking Boomer: Understanding This Generation and What They Need From You To hear younger generations gripe, Earth won t return to normal rotation

More information

Insights from Asian Indian Families Executive Summary

Insights from Asian Indian Families Executive Summary 2018 State of the American Family Study Insights from Asian Indian Families Executive Summary In 2018, Massachusetts Mutual Life Insurance Company (MassMutual) commissioned the fourth wave of a nationally

More information

Well Being, Well Done

Well Being, Well Done Well Being, Well Done A Project of the Sudden Money Institute Well Being: A profound state of being found at the intersection of Life and Money. You can have it before you have accumulated large amounts

More information