Beyond Age Rage: How the Boomers and Seniors Are Solving the War of the Generations
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Beyond Age Rage: How the Boomers and Seniors Are Solving the War of the Generations

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The headlines are getting more frequent — the language, more inflammatory. A war between the generations. The greedy boomers refusing to get out of the way. The hapless millennials struggling to ...

The headlines are getting more frequent — the language, more inflammatory. A war between the generations. The greedy boomers refusing to get out of the way. The hapless millennials struggling to find a footing. A crisis in pensions. A crisis in jobs. A crisis in health care ... But is that the true story? In this provocative new book, David Cravit, author of The New Old, dissects the apparent war — and comes to some surprising conclusions.

"Some would have it that we're on the brink of a 'War of the Generations.' They read about soaring health-care costs and prepare to enlist. Well, I wish everyone would just calm down! Before we're dragged into some unnecessary nastiness, I advise us all to read David's book to get a better sense of how we're all in this together."
—MOSES ZNAIMER, Founder and CEO, ZoomerMedia Limited, Toronto, Ontario

"A must read for academics, business executives, political pundits, policy wonks — for anyone concerned about the future social health and economic viability of Western nations."
—BRENT GREEN, author of Marketing to Leading-edge Baby Boomers and Generation Reinvention, Denver, Colorado

http://davidcravit.com/

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Beyond Age Rage: How the Boomers and Seniors Are Solving the War of the Generations Presentation Transcript

  • 1. What’s going on here?
  • 2. Some are calling it a ‘war of the generations’
  • 3. And it’s true…if you believe the media
  • 4. The war against the young Margaret Wente, Globe & Mail, February 2, 2012
  • 5. War of thegenerations Training, October 10 , 2011
  • 6. War of the generationsAlan Mattich, Wall Street Journal, March 22, 2012
  • 7. The war between the generationsMary Ann Sieghart, The Independent, February 7, 2011
  • 8. Voter generation gappits old against young Reuters, October 9, 2008
  • 9. Will the deficit battle pit oldagainst young?Mark Miller, Retirement Revisited, November 22, 2011
  • 10. Are Baby Boomers the greediest generation? Janet Novack, Forbes, November 12, 2010
  • 11. The boomers agree:the lazy millennials want to be jobless Maria Bustillos, The Awl, July 8, 2010
  • 12. Millennials generation Y-so-lazy?Alliance for an Idiot-Free America, February 12, 2012
  • 13. The war against the youngWalter Russell Mea, Via Meadia, September 16, 2011
  • 14. OK, OK. You get it.But is it, in fact, true?
  • 15. A new book argues that it’s time totake a second look.
  • 16. So let’s try to move from rhetoric…
  • 17. …to reality.
  • 18. Yes, there certainly aresome competing interests.
  • 19. FACT:More and more boomers are not retiring at 65.Reason? They can’t afford to.
  • 20. FACT: Only 20% of boomers havesavings of $250,000 or more. Almost a third have less than $100,000.
  • 21. FACT:The percentage of people 55+ who are still working is the highest it’s been in 50 years.
  • 22. FACT:Youth unemployment is sky high. Just under 14% in Canada. Almost 16% in the USA. Over 30% in parts of Europe!
  • 23. FACT:The millennials are seriously in debt. Outstanding student loans in the USA approach $1 trillion. That’s more than all the credit card debt in the country!
  • 24. FACT: Boomers and seniors dominate the ballot box. They account for almost 60%of all votes cast in federal elections. So much for the “youth vote.”
  • 25. Add everything together,and you might argue that, yes, there really is a ‘war of the generations.’
  • 26. The boomers and seniors have the numbers and the political clout.They are not stepping out of the way. In a tough economy, they are crowding out the millennials –crowding them out of the job market and out of the political arena where public spending decision are made.
  • 27. So why isn’t this a ‘war’?For one simple reason…
  • 28. The Boomers and seniors are rescuing the millennials… even as they are competing with them.
  • 29. FACT:6 out of 10 Canadian boomers and seniors are providing significant financial helpto adult children or grandchildren.
  • 30. FACT: A survey in the USA found that 80% of boomer womenare paying more bills for adult children than their parents paid for them.
  • 31. FACT:The number of adult children living at home is the highest it’s been in over 50 years.
  • 32. FACT:When the boomers were 25-29,only 12% of them lived at home.For the millennials today, it’s 30%.
  • 33. FACT: There’s been a sharp increase in the number of multi-generational households. “Grandfamilies” could be animportant new trend in home design.
  • 34. FACT: The boomers reinvented aging.Now they’re reinventing parenting. This is just one of the huge implications of the apparent ‘war of the generations’.
  • 35. www.davidcravit.com