Why Gen Z Struggles to Climb the Ladder While Boomers Can’t Seem to Get Off It—And What It Means for Your Financial Future
The Perfect Storm: When Demographic Trends Collide
What makes this situation unprecedented is that both crises are happening simultaneously, creating a perfect storm in the job market. You have millions of young people trying to enter the workforce, just as millions of older people are being forced to stay in it longer than planned.
The economic impact is staggering. Between 2024 and 2030, employers will need to replace between 10.8 million and 14.8 million peak baby boomer employees across industries such as manufacturing, construction, healthcare, education, and professional services. But many of these roles are being eliminated rather than filled.
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