Reply to What Happens to People In Their 50s Who Never Become the Supervisor?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]Are you destined to be the old guy in the office being supervised by someone younger?[/b] Should you grab the ring when it is reasonably in sight (go for and likely get the promotion) or plod away as a worker bee doing the same thing day in and day out, knowing you will likely retire in that same position?  There was a time in my life where all of my supervisors were smarter, more experienced and had much to offer in the way of mentorship. Now, I am seeing the supervisors at my job get younger and younger and I feel like the old person in the office. I am 51.[/quote]

Actually you are destined to be laid off in your 50s.

See all the ageism threads recently. DCUM skews GenX and it’s hitting us hard right now, ESPECIALLY because so few advanced to leadership because of toadstool boomers who never retired in time.

If you have the chance to advance, and need to have a job past 55, take the promotion. [/quote]

Boomers are still around as retirement age is now 67 per SS. Full Medicare does not start to 65. For Baby Boomers: Born 1946–1964 the last of them do not reach 67 until 2031.

However, Gen X born 1965 to 1980 is the first Dual Income FIRE generations. Many want to retire younger at around 55. They are too close in age Boomers to retire ten years younger and except to get their the jobs.

Companies are promoting younger and younger leaders over time. My prior company had plenty senior employees around 25-29. This means the last of Boomers are giving their jobs to Generation Z: Born 2001–2020.

Many Millennials at work in particular the younger ones are already talking about retirement. Millennials are Born 1981–2000, the older ones are turing 44 next year.

A Boomer with a stay at home wife and four kids and a mortgage needed to work to 67. A millennial or Gen X with dual income and two kids often can afford to retire at 55. A full 12 years earlier. The math does not work.       [/quote]

Almost all that “dual income” bonus went into housing costs except for GenX who could buy before 2000. The only Millenials retiring early are the ones who didn’t have kids. [/quote]

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