Word: boomer
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Dates: during 2000-2009
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Through Social Security benefits, private pensions and personal savings, the typical working baby boomer is accumulating enough assets to replace just 60% of his or her preretirement income, according to a Fidelity Investments survey. The firm estimates that to retire happily, an 85% replacement rate is needed, and it says boomers can close the gap simply by exploiting their 401(k). "Starting at 62, you may be in a little trouble," cautions Jeff Carney, president of Fidelity Personal Investments. "But at 50, you're in very good shape...
...Friends with Money” transcends becoming a clichéd dystopian narrative or chick flick, in part because of its pensive cinematography and a mournful, unique Rickee Lee Jones soundtrack. The film really captivates, though, because of its freshness as a distinctly post-feminist, post-boomer, twenty-first century story. It frightened me so much that these familiar feeling women—who have broken the glass ceiling, had their perfect children, built their Barbie dream home, and still have amazing social lives and fabulous shoes—are supposed to be the role models to whom I look...
...Australia has been transformed during the past decade. Globalization, the Internet, terrorism and the rise of China, among other things, have dictated the velocity and form of change. As well, demographics - the ageing of the baby boomer cohort and immigration - is having a dynamic effect. For politicians, the modern condition means an electorate that is demanding, less tribal and more materialistic. In general, Australians are older, wealthier, deeper in debt, unsettled by events beyond the country's shores, and lead their private lives in anything but conventional ways. What has Howard contributed - and what has he taken away...
...Wars story has been around literally for decades; the Daddy Dilemma is only slowly catching up, partly because the economy has changed and pressures have grown, but also because attitudes evolve as well. Men born after 1965 spend over 50% more time with their kids on workdays than baby boomer dads with kids the same age: 3.4 hours, vs. 2.2 hours for the boomer dads...
...Cheney is too old to be a baby boomer, but his five draft deferments during the Vietnam War make him an honorary member of the tribe, as does his infamous explanation of why he didn't fight: "I had other priorities." The failure to serve-and the relative safety and affluence of our upbringing-has been a defining quality of so many baby boomers who have come to political power, and there have been consequences. Bill Clinton often seemed daunted and uncertain in his dealings with the military. Bush and Cheney have been the opposite. They rushed...