Born at the Right Place, Right Time
Washington — What are your odds of being a millionaire, do you think? One in 10? One in 50? One in 100? If you’re over 62, your odds of having at least $1 million in net wealth (your total assets minus your total debt) are relatively achievable — about 1 in 7. But if you are under 40, your odds are low: 1 in 55. In the last 25 years, the odds that an old person is a millionaire have improved slightly. But for young people, they have...
Report: Millennials Shun Workplace Charity
We know that millennials are different. They’re not working the same way as their parents. They aren’t marrying in the same way. And they aren’t motivated by work to give to charity or volunteer. But that doesn’t mean they’re more selfish than their parents, according to a new report. While previous generations may have been motivated to volunteer or donate by their companies, millennials are much more likely to be influenced by their...
The HR Pro: Multitude of Age Groups Poses a Challenge for Managers
We love to label people, to put them in categories, combine them into groups. This can be counterproductive when applied too broadly, but in the workplace, when trying to create a valued and productive workforce, it can help to recognize the differences among the generations of workers and how we treat them. Having multiple generations in the workforce is nothing new, of course, but improvements in health care and economic...
Make Way For the Millennials
Dallas — Megan Lyons gave up a corporate job to follow her passion. The 30-year-old, who launched her fitness and nutrition coaching business 16 months ago, now has a waiting list of clients and is on track to earn six figures this year. Jane LeBlanc has two degrees but has not been able to find a permanent job in the last seven years. The 33-year-old works as a temporary proofreader and freelancer. The two women stand at opposite...
