6A Identifying Opportunities in Economic & Regulatory Trends
Economic Trend Opportunity #1: Baby Boomer’s Aren’t Retiring a) Source: https://www.thebalance.com/top-usa-future-economic-trends-3305666 b) Opportunity: This information brings to my awareness an unmet need of which an opportunity exists. Baby Boomers are reluctant to delay retirement due to the residual impact from the Recession in 2008. After the Recession Baby Boomers were financial forced to withdraw from retirement benefit savings accounts such as 401k, Roth IRA, Rollover IRA and the list continues. Many Baby Boomer’s mostly between the ages of 45-75 tossed the traditional ideal of retirement and remained working to increase income and savings. The dilemma is Baby Boomers are blocking the younger generations chance for a traditional career path. Subsequently, Millennials are forgoing the traditional career path and seeking more innovative careers, one that involves the extensive use of modern technology and programs, less working hour...