The price of everything is spiralling which means all of the calculations that people made about retirement may need to be re-calculated. That might mean staying in the workforce longer or maybe returning after you have exited it. Whatever decisions people make will have wide...
The pandemic may be ending, but that does mean that workers are headed back to where they were in the spring of 2020. In some cases, their positions have been eliminated and they are going to be forced to reinvent themselves. In others, their jobs...
I have been talking and writing about the K-Shaped economic recovery for a while now. Basically, some sectors and individuals are going to be in favor over the coming years and some are not, with the split between the two getter ever larger. In many...
Spurred by social media, intergenerational warfare seems to be on the upswing, including in the workplace. And, given the conflict and the idea that generations are working against each other we can lose sight of the fact that we could potentially gain from each other...
It is almost like an urban myth: we were supposed to get a wave of baby boomer retirements that were going to make it a seller's market for younger workers. And it is happening - except that it is apparently more like a splash than...
After this Globe and Mail column came out, I had a friend call and ask whether he should re-jig his portfolio to get rid of his auto stocks. The piece is about demographics, and specifically about the implications of the fact that people spend differently...
This is my latest article for the Globe and Mail..this time on 'Perennials' as older workers are sometimes called. Those over 55 now comprise about 23 per cent of the U.S. workforce and 21 per cent of the Canadian one, which should not surprise anyone....
You pay too much in taxes right? Well, everyone thinks they do, but honestly some people have more of a case than others: single taxpayers (who are a growing group) are actually the ones getting hid the hardest these days. See my column about it...
You pay too much in taxes right? Well, everyone thinks they do, but honestly some people have more of a case than others: single taxpayers (who are a growing group) are actually the ones getting hid the hardest these days. See my column about it...
I am thrilled to now be writing a bi-weekly column for the Globe and Mail, Canada's national newspaper. See my first here - it is a look at how the gig economy is in force but our social policies are woefully out of step with...
Demographics drives a lot of things including Mergers and Acquisitions (M & A) activity. That is a lesson we are now learning from Japan, where there are apparently too few heirs to take over large companies as their boomer-aged Chief Executives head for retirement. This piece...
What if you built a wall to keep people out, and it turned out that no one really wanted to get in anyway? Okay, some people might still want to enter the U.S. from Mexico and other countries which have typically supplied low skill labor,...
If I had to think of an industry prone to poisonous industrial relations battles I would probably think first or the auto sector, or maybe even something like education or health. The battles in those industries, however, are apparently being matched by orchestras (can I...
Here’s a new one to me: the ‘divorce mortgage’. No its not some crazy, invented term to describe a financing vehicle (my mind went back to ‘plain vanilla swaps’ from the days when derivatives were the buzz), but rather exactly what it sounds like: a...
Twenty and thirtysomethings would apparently rather buy experiences than things, and that has some very definite implications for retailers – or as least that is one theory. As this article from Bloomberg Business suggests, the stock market tells the tale of what is happening very...
When people rhyme off the things they want to do in retirement, ‘pay off debts’ is never on the list. Nevertheless, it is something that baby boomers will have to do anyway, if data from the New York Federal Reserve (NY Fed) is to be...
Like it or not, the sharing economy is everywhere. I’ll go as far as saying it will be one of the big economic stories of 2016, although its influence will extend far longer than that. It’s a different way to do business, and it works...
We all say it, and we worry about it too: we are an aging society, and that’s going to have repercussions. In Canada, the median age of the population is now close to 41 while in the U.S. it is still-youthful 37ish but rising (according...
I had barely heard about Campus Coliving and their business model before I saw the sad announcement yesterday that they were closing down the company, a result of not being able to make any money at it. The problem I'd say is that as a...
“I’m trying for Freedom 95” says a friend explaining his retirement plans. It’s a joke, sort of. Some people try, or used to try, to save enough to get out of the labor force a good ten years ahead of the norm, and maybe they...
I never thought I would admire Mallory Keaton, but I really do. Okay, the person I admire is actress Justine Bateman, not Mallory Keaton, the ditzy teenager she played on television show Family Ties (it ran from 1982 through 1989). For those of us who grew...
Is being a ‘solopreneur’ – someone who basically runs their own shop –a good thing or a bad thing for the economy? We had better figure it out, because apparently the number of them (us actually, I am one as well) are increasing a phenomenal...
I love this: the newest trend in travelling is ‘Literary Tourism’, or making a pilgrimage to the birthplaces of your favorite authors or the sites of their books. As this article from the Atlantic details, it is certainly a gentler way to vacation than doing...
I am no animal expert but I know this for sure: no dog secretly wants to dress up as a Chia pet for Halloween. Having said that, given that Buzzfeed is touting a Chia outfit as one of its ‘easy costume ideas for pets’ this...
I have to admit, following the antics of the world’s central banks has been a bit of a bore the past few years. Since the end of the financial crisis (no, we are no going to debate whether there is a still a crisis going...
It is kind of an urban myth, if you’ll pardon the pun: there is a story afoot that people are leaving the suburbs and moving back to the cities. I’ve written about the trend myself, but honestly perhaps the best evidence that it is true...
'Financial Repression' or the generational divide over low interest rates. ...
The first chapter of my book Economorphics deals with the closing of the 'demographic window'. Taking things a bit further, in this Commentary piece for the Macdonald Laurier Institute I look at the implication for Canada of a closing window- and how the country can maybe...
see my post on today's economy lab...
Boomers have moved into the cities - but that might not drive city growth forever. ...
Aging population – market time bomb?
Okay, that’s a sensationalistic way to put it, but that’s certainly one of the fears people have about an the shifting demographics in North America. Last time around I looked at how portfolio size tends to trend lower as people go past 65. All things being equal, the older the population gets, the more money that is going to be pulled out of the market. Question is, at what point does the ‘market time bomb’ thing go from sensationalism to reality – or does it?
Baby boomers are going to retire and take down the pension system. Generation X is lazy. Generation Y is spoiled and undisciplined, and they've pretty much blown out their eardrums by having them stuffed with ipods all the time anyway.