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By 2030, when all Baby Boomers will have turned 65, 18% of the nation’s population will be at least that age. Today, just 13% of Americans are ages 65 and older. So once again the conservatives try to disingenuously use statistics to drive a political objective. 10,000 baby boomers leave the workforce each day. Each DAY. So, of course participation rate will skew, but it doesn't mean we have Obama soup lines that fema is running. It means Pop-Pop and MeeMaw moved to a trailer home in Arizona to live out their golden years. Unless that secret Kenyan Muslim was responsible for the baby boom!? Devious indeed.
Nothing to do with aging baby boomers or being devious or disingenuous. Everything to do with uneducated people talking about things they know nothing about.
FACT the LPR for those age 55 or less is DOWN from August 2008 83.2 to June 2015 80.7 percent.
Here's my problem with this kind of reporting. The stock market has become a spectator sport, and reporting has molded its style around that. They need movement to transfer excitement. The first company they mention in the article as a bellwether of gloom is Apple. Apple reported the largest corporate profit in history just last month. Now what, they're on a slippery slope to insolvency?
Here's my problem with this kind of reporting. The stock market has become a spectator sport, and reporting has molded its style around that. They need movement to transfer excitement. The first company they mention in the article as a bellwether of gloom is Apple. Apple reported the largest corporate profit in history just last month. Now what, they're on a slippery slope to insolvency?
According to Wall Street you would think so. Does that make sense to you? It sure doesn't to me.
Nothing to do with aging baby boomers or being devious or disingenuous. Everything to do with uneducated people talking about things they know nothing about.
FACT the LPR for those age 55 or less is DOWN from August 2008 83.2 to June 2015 80.7 percent.
"Uneducated people". No, only those who know enough to about math not to confuse real numbers with percentages. As was already pointed out the millennils are the same size as the boomers. And, as was pointed out, a big chunk of that demo has not yet fully entered the labor force. So, if you are taking a large chunk of a group, boomers 55 to 63, which is nearly all of them by the way, the percentages of the remaining groups will go...up...or down?
Here's my problem with this kind of reporting. The stock market has become a spectator sport, and reporting has molded its style around that. They need movement to transfer excitement. The first company they mention in the article as a bellwether of gloom is Apple. Apple reported the largest corporate profit in history just last month. Now what, they're on a slippery slope to insolvency?
For us long term folks, now is great buying opportunities.
Because the stock market is based off a lot of human emotion.
Too many people on here are using tiny blips in time to corroborate this and that.
I completely agree with you. The problem is we've let too many hedge fund operators and speculators into the game. They need bubbles and rapid moves up and down to make money. They make their livings on the quarterly earnings calls and demand higher rates of retun than are reasonable thus damaging the long term strategies and financial stability of the companies they hold position in. Why, because they aren't long term investors but the business equivalent of the one night stand. If someone wants to do the work, go and see how much companies spent on R&D in 2015 and how much they spent on stock buybacks.
"Uneducated people". No, only those who know enough to about math not to confuse real numbers with percentages. As was already pointed out the millennils are the same size as the boomers.
No, they're not. They're now the larger generation.
Quote:
And, as was pointed out, a big chunk of that demo has not yet fully entered the labor force.
Those that have entered the labor force make up about 40% of the unemployed according to Georgetown University's Center on Education and the Workforce.
No, they're not. They're now the larger generation. Those that have entered the labor force make up about 40% of the unemployed according to Georgetown University's Center on Education and the Workforce.
Ok, unemployment in the 18-29 year old demo, which they are using to make their point, is 13.8 percent. 4 years worth of that demo though, or about 18 percent, are still school eligible. Now because I can't tell you what percentage of that 18 percent is actually in school and not in the workforce, I can't give an actual unemployment figure for the demo. But it would be lower and maybe even approaching the national level.
One word though: Newsweek, if you're going to try to raise my empathy for the hardships of a group looking for work, don't have a cover shot of some of that group sitting around a bar during the day being waited on by an actress/poet. We all have the God given right to seek our best destinies but don't complain to me it's hard walking off the beaten path to do so. Of course it is.
Here's my problem with this kind of reporting. The stock market has become a spectator sport, and reporting has molded its style around that. They need movement to transfer excitement. The first company they mention in the article as a bellwether of gloom is Apple. Apple reported the largest corporate profit in history just last month. Now what, they're on a slippery slope to insolvency?
These are not stock prices but company earnings.
The internet bubble has burst. Tech startups are going foreign for money because the US investment pool has dried up.
And what..you stopped at Apple ?
From further on in the article I posted...more than just tech stocks.
Elsewhere, companies reported sharp declines in profit. Fiat Chrysler FCAU, -1.05% profit fell 40%, Ferrari N.V. RACE, -3.03% profit slid 34%, Novartis A.G. NVS, -0.97% profit fell 57%, Hess Corp. HES, -12.54% said its loss deepened to $1.82 billion from $8 million a year ago and Norfolk Southern Corp. NSC, +1.11% said it would cut 2,000 jobs and downsize its rail lines after profit tumbled a worse-than-expected 29%.
On the top line, U.S. Steel Corp. X, -3.64% sales fell 37%, Tupperware Brands Corp. TUP, +0.55% sales fell 13%, State Street Corp. STT, -1.25% revenue fell about 5% and Cliffs Natural Resources Inc. CLF, -4.66% revenue fell 54%.
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