Fresh ideas and approaches can empower a brighter future of aging, and the emergence of financial gerontology is cause for hope. This link between two disciplines that are critically important to the aging population presents the potential for new solutions and healthy, productive and purposeful outcomes for today's older adults and for generations to come.
Boomers face the increasing perception that they are getting long in the tooth, and that younger managers are better prepared to lead project teams going forward. Yet the truth is that over 80 percent of corporate managers are not only ill-suited to their jobs, but their lack of leadership negatively impacts profitability.
We're in the midst of a demographic shift resulting from increasing longevity. Life-spans have nearly doubled in the last century due to advances in science and sanitation, and lives grow longer each year. The odds are that millennials and the generations that follow will experience significantly longer lives.
Around the time I turned 50, I had the following dilemma to consider: either continue working for another 10 to 15 years in my old career to ensure a financially secure retirement, or change to a new career that is better aligned with my passion and purpose. After a period of struggling with this question, I finally decided to change to a new career in my mid-50s.
After 35 years in the same business, is it possible to turn on a dime and make a go of it in some entirely new field? The answer of course is "yes," but when you've been "downsized" or otherwise unceremoniously dumped by your company, it is still an incredibly unsettling and disorienting experience.