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.