Fade To Gray? Boomers Are Back

Feb 2 2023

By Ann Vogl, originally published by ChiefExecutive.net

They may have more years in the rear-view mirror than looking ahead, but that doesn’t mean Baby Boomers aren’t still making a tremendous impact—both as consumers and workers.

But the combination of a pandemic, inflation, and a war has led to a surprising shift in the demographic dynamics of 2022, with consumer and workforce power now tipping back toward boomers (generally defined as people born between 1946 and 1964). Indeed, experts say this once-maligned group happens to own some of the most sought-after job skills in the market, along with exceedingly strong purchasing power. According to the U.S. Federal Reserve Board, the net worth for Americans in their late 60s and early 70s is more than double that of younger Americans. And as companies take note, in some cases bending over backwards to woo the group to join as new or returning employees, boomers are elated.

Read More

See More Posts

Black History Month: 3 Diversity Headwinds—and 3 Solutions

Black History Month: 3 Diversity Headwinds—and 3 Solutions

by JT Saunders, originally posted by Korn Ferry in KF Insights For decades, company leaders have been saying they want to make their organizations more inclusive and diverse. Those efforts became even more widespread in the wake of the George Floyd killing. Now, as...

read more
The Gift that Keeps on Giving

The Gift that Keeps on Giving

by Amelia Haynes, originally published by Korn Ferry Institute Do you know that feeling you get when a stranger holds the door for you? Or when your partner surprises you with a gift? Or when your coworker offers to take something off your plate during a busy week?...

read more
A Year in Search of Purpose

A Year in Search of Purpose

by Daniel Goleman, originally published by Korn Ferry in KF Insights Looking back over the past three years of disruption and unrest—no word could be more appropriate than “CHANGE.” Can I change my career? Can I change my location? Can I change the world? These are...

read more