Tag: Baby boomers

BusinessInnovation

Companies Shift to Skills-First Hiring as Workforce Ages, Opening Doors for Older Employees

Businesses are abandoning traditional age-based career paths in favor of skills-focused approaches as workforce longevity increases. Companies like L’Oréal and Mastercard are implementing intergenerational mentoring and internal talent marketplaces to keep experienced employees engaged and technically current.

The Changing Workforce Landscape

By 2033, nearly one-third of individuals over 70 are expected to remain in the workforce, according to reports from recruitment firm Korn Ferry. This demographic shift is creating what analysts describe as a “profound structural challenge” for employers seeking to maintain skilled, motivated teams across careers spanning 40-50 years. The report indicates that almost half of baby boomers and more than one-third of Generation X feel excluded from opportunities to learn new skills and technologies.

by Gabriel Novak
Business AcquisitionFinance

Financial Experts Warn Women Risk Missing Out on Historic $124 Trillion Wealth Transfer Due to Planning Confidence Gap

Women are positioned to inherit approximately 70% of the $124 trillion Great Wealth Transfer over the next two decades, according to financial analysts. However, experts warn that a confidence gap in financial planning could prevent women from maximizing this historic wealth transition, despite their potential to become primary beneficiaries.

The Great Wealth Transfer Challenge

Financial experts are raising concerns about women’s preparedness for what analysts describe as the largest wealth transfer in history. According to reports from baby boomers and older generations, an estimated $124 trillion will change hands over the next 23 years through inheritance, with women reportedly positioned to receive approximately 70% of these assets.

by Aaron Blake
Business AcquisitionEconomy and Trading

Global Ultra-Wealth Hits $60 Trillion as Younger Generations Reshape Investment Strategies

The global population of ultra-high-net-worth individuals has reached over 510,000 people controlling nearly $60 trillion in combined assets. According to new data, younger generations are rapidly changing investment approaches, favoring technology, venture capital, and lifestyle assets over traditional holdings.

Global Wealth Concentration Reaches New Heights

The world’s wealthiest individuals now control approximately $60 trillion in combined assets, according to reports from Altrata’s World Ultra Wealth Report 2025. Sources indicate that 510,810 ultra-high-net-worth individuals (UHNWIs) – each with assets exceeding $30 million – collectively hold wealth equivalent to double the entire US GDP. This represents a significant concentration of global resources among a relatively small population segment.

by Gabriel Novak