Increasing participation of America’s aging workers in the labour force

12 January 2012 Geoff Zeiss

I blogged previously about the necessity of increasing labor market participation rates rather on making changes to pension systems in the EU because of the aging workforce. 

There are some startling statistics about same problem in the U.S. in the form of an infographic from GOOD.

One out of four middle class Americans say they will need to work until at least age 80 to live comfortably in retirement. 

74% of Americans expect to work in their retirement years

The average American worker has saved $25 000 for retirement, that’s 7% of the recommended savings of $350 000 for the average American making $50 000 who wishes to retire at age 65.

The percentage of different age groups that say they don’t have any retirement savings

  • Millenials 53%
  • Generation X 32%
  • Baby boomers 25%
  • Matures 22%

Thanks to Itamar Medeiros for pointing me to this.

Geoff Zeiss

Geoff Zeiss

Geoff Zeiss has more than 20 years experience in the geospatial software industry and 15 years experience developing enterprise geospatial solutions for the utilities, communications, and public works industries. His particular interests include the convergence of BIM, CAD, geospatial, and 3D. In recognition of his efforts to evangelize geospatial in vertical industries such as utilities and construction, Geoff received the Geospatial Ambassador Award at Geospatial World Forum 2014. Currently Geoff is Principal at Between the Poles, a thought leadership consulting firm. From 2001 to 2012 Geoff was Director of Utility Industry Program at Autodesk Inc, where he was responsible for thought leadership for the utility industry program. From 1999 to 2001 he was Director of Enterprise Software Development at Autodesk. He received one of ten annual global technology awards in 2004 from Oracle Corporation for technical innovation and leadership in the use of Oracle. Prior to Autodesk Geoff was Director of Product Development at VISION* Solutions. VISION* Solutions is credited with pioneering relational spatial data management, CAD/GIS integration, and long transactions (data versioning) in the utility, communications, and public works industries. Geoff is a frequent speaker at geospatial and utility events around the world including Geospatial World Forum, Where 2.0, MundoGeo Connect (Brazil), Middle East Spatial Geospatial Forum, India Geospatial Forum, Location Intelligence, Asia Geospatial Forum, and GITA events in US, Japan and Australia. Geoff received Speaker Excellence Awards at GITA 2007-2009.

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