Retirement Hell: Byproduct of a Middle Class Under siege

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Publisher:
CTP Press,
Pub. Date:
2017.
Language:
English
Description
Retirement Hell - Byproduct of a Middle Class under Siege presents a bleak picture of retirement for many families. Baby boomers are retiring at a time when graduating students are entering the workforce with significantly fewer opportunities than their parents and grandparents. Factories will continue to close; while robotics and artificial intelligence will allow companies to produce more products with fewer, but highly skilled workers. As boomers move to retirement homes and into the great beyond, they have left two types of legacies. On an individual level, this generation has accumulated incredible wealth which will be transferred to their beneficiaries. However collectively, the most privileged generation in history has left behind a world that will cause future governments to spend too much time, effort and money attempting to clean up issues that were left unresolved. There is a sense of both anger and frustration in our community. Working families are angry that plants are closing and well-paying jobs are disappearing. They understand the impact on their family and believe our political leaders are unable or unwilling to address these issues with anything but rhetoric and unfulfilled promises. Those higher up the economic ladder with a better education and secure jobs may not share their anger, but they have a sense of frustration that their children may not have the opportunities that were afforded to their generation. A demographic spike known as the baby boomers is retiring and the mess they leave behind will handcuff attempts by future generations to define their destiny. Don shares a vision of the future that is not optimistic for a growing segment of the population and he fears his generation lacks the expertise to resolve the issues. Ideas Presented - How the boom in manufacturing after the Second World War created a middle class. Children born after in the two decades following the Second World War, which came to be known as baby boomers, had more opportunities than any generation in history. - For retired boomers that graduated from university and worked their entire career for a top tier employer, it would be more common than not to retire as millionaires. This assumes they purchased a home and were not subject to divorce, illness or some rare financial calamity. - The boomers had a wealth creation formula that many did not know existed, but it has become obsolete and has been replaced by a new formula that individuals can ignore at their peril - As the manufacturing sector shrinks, the growing parts of the economy, such as technology and health care, require skills that are not possessed by too many young men and women - Restoring the middle class may be the greatest challenge that we face in the next decade
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ISBN:
9780995910515
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Grouped Work ID 4c3bd9d9-fb3b-4644-3a9d-efbcfc4cc048
Grouping Title retirement hell byproduct of a middle class under siege
Grouping Author pollock don
Grouping Category book
Last Grouping Update 2019-01-01 01:10:20AM
Last Indexed 2019-02-20 06:32:04AM

Solr Details

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accelerated_reader_point_value 0
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author Pollock, Don.
author_display Pollock, Don
available_at_pineriver Piner River Library
detailed_location_pineriver Pine River Adult Non-Fiction
display_description What is Retirement Hell? It is the final phase of life when retired individuals lack the money to maintain a middle-class lifestyle. It will include many hard working families that experienced job losses, plus those that lack the necessary savings and pension income to fund a retirement that may last over thirty years. If government pensions are your primary source of income, it will be challengin to enjoy retirement while living in poverty.
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itype_pineriver Adult book
last_indexed 2019-02-20T13:32:04.55Z
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literary_form Non Fiction
literary_form_full Non Fiction
local_callnumber_pineriver BUSINESS / Personal Finance
owning_library_pineriver Piner River Library
owning_location_pineriver Piner River Library
primary_isbn 9780995910515
publishDate 2017
record_details ils:.b57227135|Book|Books||English|CTP Press,|2017.|162 pages; 23 cm.
recordtype grouped_work
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ils:.b57227135 .i118074659 On Shelf On Shelf false true true false false true 131, 132, 133, 134, 135
subject_facet BUSINESS / Personal Finance, BUSINESS / Retirement
title_display Retirement Hell : Byproduct of a Middle Class Under siege
title_full Retirement Hell : Byproduct of a Middle Class Under siege / Don Pollock, CPA
title_short Retirement Hell :
title_sub Byproduct of a Middle Class Under siege
topic_facet BUSINESS / Personal Finance, BUSINESS / Retirement