Culture & Society:
How to present information —
The younger the person is, the clearer and more transparent you must be when presenting information.
- Boomers are accepting of in-depth lengthy presentations.
- Gen-Xers are more distrustful, so be straightforward, clear and check your facts.
- Millennials are naturally skeptical, so be transparent, open and “real world” — don’t adopt an “expert” stance.
Learn how trial attorneys think about generational differences in the Daily Business Review.
Bland language no longer works
If you feel caught up in corporate-speak, healthcare acronyms and meta concepts (“moving supplies” instead of “boxes and tape and bubble wrap”), read Daniel Henninger’s column in the WSJ (it’s a political column that deals with language).
- “The problem today is that fear of offending or losing votes has so blanded out the political class that many of these politicians and the American electorate are no longer speaking the same language.”
Generations Now protects companies from unintentional disconnects from customers. We create messaging that connects. Learn about our 6-step proven process. Contact us.
Older boomers are divorcing more
- The divorce rate among adults over age 50 doubled between 1990 and 2014.
- For those over 65, divorces tripled during roughly the same period.
- Read Memo to divorcing boomers.
Demographics lean right
Millennials are more conservative than Boomers or Gen Xers were at their age, study finds (Washington Post)
- “Too many folks think of this generation as a monolith waving a socialist flag.”
- “For them, joining a political party is kind of antithetical to the way they see the world.”
Low salary is the #1 people leave their jobs. That’s true for Boomers, GenXers and Millennials.
The #1 reason they stay in their jobs are inexpensive, quality health care (Boomers, GenXers) and bonuses (Millennials).
Read the #3, 4, 5 reasons people leave, or stay: Money is the Top Motivator for People Who Quit.[/vc_column_text][/vc_column][/vc_row][vc_row height=”small”][vc_column][vc_column_text]
Retirement & Money
3/4 hope to work during retirement
- Millennials – ~70% will work during retirement
- GenX – 56% intend to work
- Boomers – 39% think they’ll work
More Boomers supplement retirement with crime
Baby boomers, who drove the American crime explosion in their youth, are apparently continuing to outdo prior generations in their late-life criminality. Rising crime among boomers offsets dropping crime in millennials (Washington Post).
College debt across the generations
Baby Boomers are fine with their children graduating with ~$38,000 in debt, but Gen X thinks an acceptable level is ~$31,000. Millennials think $19,800 is acceptable. All that money has to come from somewhere — spending or retirement savings. Read How Millennials Hope to Spare Their Kids Student Debt.
Most millennials will do fine in retirement
A person born in 1990, who is 26 today, will retire with income higher than their average earnings. This is calculated as:
- Retirement income = 401Ks + defined benefit pensions + social security checks
- This retirement income > average salary earned during working years
Even millennials without retirement savings plans, who only receive social security during retirement, will have 100% “replacement rate.”) Report by The American Enterprise Institute, the conservative think tank.
But millennials who don’t get a salary won’t be fine
The gig economy is going to balloon into a generation of people not saving for retirement. Most Americans save 10% of their pre-tax income. Advisors try to get young people to think about what they want in their 60’s or 70’s. Video at The Street.
Millennials hide money from their spouses
20% of newlywed men, and 12% of women, have bank accounts their spouses don’t know about. Read about how couples communicate about finances in Bloomberg.[/vc_column_text][/vc_column][/vc_row][vc_row height=”small”][vc_column][vc_column_text]
Obamacare is improving quality
- Hospital readmission rates for Medicare patients are down 1% over 1 year
- Hospital acquired illnesses down 17% during 3 years
Doctors and hospitals avoid easy diabetes cures, prefer expensive treatment
The diabetes-industrial-complex is held to task in Before You Spend $26,000 on Weight Loss Surgery, Try This (New York Times). “This” is a low-carb diet.
Is an Epi-pen a brand name, or a generic? Medicaid rebates brand name drugs 23% on average, but only 13% for generic drugs. If Epi-Pen is re-categorized as generic — as 2 congressional representatives claim — then Mylan has been overcharging Medicaid. Medicaid can then claw back those rebates. Nice twist. U.S. Lawmakers Question Mylan’s Medicaid EpiPen Rebates.
Health exchanges encouraged to offer simpler plans
To simply complicated choices for consumers, feds want private insurers to offer “simple choice plans.” This is a set of 6 standardized plans. ‘Simple Choice Plans’ To Debut In 2017 Marketplace Enrollment, by Kaiser News.
Loneliness is physical and medical
Half of those 85+ live alone, and loneliness can set in within 24 hours. Loneliness is an aversive signal much like thirst, hunger or pain. Researchers have found a “cellular substrate” to the experience. UCSF is studying loneliness as a medical phenomenon. Britain seems to have more community based programs for elders than we do in the US. Read more about the medicine and community programs in NYTimes.com. Read about potential, and failure, of technology to reduce loneliness.
Deloitte gives 16 weeks caregiving leave
As of this month, Deloitte will offer employees up to 16 weeks of fully paid for caregiving. This includes maternity, paternity, eldercare and aid for sick family members or partners. HuffPo.
Lyft cuts medicare patient transportation costs 32% in pilot program
Lyft’s pilot program cut average per-ride costs by 32.4 percent, from $31.54 to $21.32. Medical passengers saw wait times decline to 9 minutes from 12 minutes during the 2 month program. Read in JAMA and FierceHealthcare.[/vc_column_text][/vc_column][/vc_row][vc_row height=”auto”][vc_column][us_single_image image=”1037″ size=”full” align=”center”][vc_column_text]Manhattan Photo by Anthony Quintano – https://www.flickr.com/photos/quintanomedia/15071865580, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=38538291[/vc_column_text][/vc_column][/vc_row]