Latest News
Millennials and “Generation Z”: A new formidable workforce
The so-called millennial generation, and the somewhat younger “Generation Z” will prove to be a very formidable workforce in years coming, due to both workforce size and their choice of career fields. And, according to a report by financial firm Morgan Stanley, that is a very good thing for most economic indicators - Gross Domestic Product, consumption, wages and housing - which is, in turn, a very good thing for Social Security and Medicare. Since both of these programs are sustained largely by contributions from those working and earning, and with millennials and Generation Z holding similar values, these two generations could be viewed as a “super-generation” workforce which may, according to Morgan Stanley, push back Social Security and Medicare solvency worries by decades. All of this is described in this article by Ethan Wolff-Mann appearing at Yahoo! Finance. Click here to read more.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.