Baby Boomers and even some of the Greatest Generation represent the fastest-growing segment of the CBD industry
Ageist marketing is all the more absurd as what is alternatively called -- "the silver surge," "the silver economy" or "the gray dollar" -- arguably represents the biggest opportunity in business for the next couple of decades.
Baby Boomers' transfer of wealth to their children has made headlines, but most of them are not quite ready to open their wallets. In fact, it is Boomers who are inheriting money, and a lot of it.
Boomers inherited about $9 trillion between 1989 and 2016, a 2019 study by the retirement planning firm United Income found, with much of this money going toward medical bills and savings. Whatever remains of Boomers' wealth will indeed be passed on to heirs and given to charities -- a whopping $36 trillion, it is estimated
If you'd like to read the full article, click on the image above
A lot of people love the cliché: "Fifty is the new forty"... Phil Mickelson did something that even few 40-year-olds can do... win the PGA
If you still believe that 50 is over the hill, you need to get over that bias quickly. People over 50 are as competitive as any 30 or 40 year old. Plus... they have more experience, have seen more, learned more and can contribute more than people in their 20s, 30s and 40s. If you still believe all this nonsense about people over 50 not being "digitally-native" and "slow to learn", crawl from under your rock and start looking in the right places.
To read the article, click on the picture
Is your most valuable resource staring at you?
As so often happens, older people, those 55+, tend to be overlooked, dismissed and openly derided by younger ones. As it often happens, this prejudice extends not only into personal life, but also into professional areas, where older people tend to be massively categorized as "not digitally native", "slow to adapt" and other such nonsense.
Time to change gears. The pandemic has destroyed hundreds of thousands of jobs for older people. Jobs that are not coming back soon. Time for employers to change gears and actively look at a job market that is experienced, seasoned and has a lengthy collective memory.
To read the article, click on the picture
Tackling ageism needs to move up adland’s agenda - People are taking notice - and "sorry" won't cut it anymore
WPP chief executive Mark Read has said sorry after he was accused of ageism for saying that the average age of staff is under 30 and "they don't hark back to the 1980s, luckily".
Read made his unscripted comment at the end of the company's 90-minute Q2 investor presentation last week and Campaign reported what he said in an introduction to our own interview with him.
He may have felt he was merely stating the facts. WPP is roughly in line with the IPA Census, which showed 44.8% of staff at UK agencies were aged 30 or under last year, down from 45.6% in 2018, and 6.3% were aged over 50, up from 6.2% a year earlier.
"I was wrong to use age to try to make a point," he said. "People over 40 can do great digital marketing just as people under 30 can make great TV ads.
Ironically, Read himself is 53. When he first joined WPP in 1989 it was a different world. The 35-year old company itself is under assault by a wide range of other communication companies including digital-only agencies, consulting companies, data companies and much more.
We've said it once and we'll say it again: Ageism is as corrosive and counterproductive as all other "isms". When an entire industry discards people because of their age, they shoot themselves in the foot as surely as when they discard people because of gender or race.
Declining eyesight improved by looking at deep red light - University College London study published in the Journals of Gerontology
Staring at a deep red light for three minutes a day can significantly improve declining eyesight, finds a new UCL-led study, the first of its kind in humans.
Scientists believe the discovery, published in the Journals of Gerontology, could signal the dawn of new affordable home-based eye therapies, helping the millions of people globally with naturally declining vision.
In the UK there are currently around 12 million people aged over 65: in 50 years this will increase to around 20 million and all will have some degree of visual decline because of retinal aging.
Lead author, Professor Glen Jeffery (UCL Institute of Ophthalmology) said: "As you age your visual system declines significantly, particularly once over 40.
Read more by following this link
Some ad agencies are beginning to see that ageism is a lose-lose situation: they lose great & seasoned talent, their clients lose great & seasoned talent.
Ageism is as corrosive as sexism, racial bias, religious bias and every other bias. It is just harder to prove so we need to fight harder to eradicate it. If you want to download a PDF of the article, click this link. If you have a story --positive or negative-- share it at email@example.com
This is the kind of BS we need to fight
I can't remember who was the New York mayor who said "fix the windows" as a solution to the endemic problem of vandalism on the subway cars. But, if you are exposed to this kind of cliche BS, respond. Don't let it just fester. Seek Matthew out in LinkedIn and let him know that it is not OK to insult an entire generation in such a mindless, stupid way.
We are absolutely floored by JLO's performance in the LIV SB...
Yes, she's 50 and she's amazing. But... one is not enough and she can't be the ONLY standard we use to measure women over 50... or people over 50 in general. We need everyone to recognize that our contributions at 50+ include our expertise, willingness to work hard and, yes, experience.
We salute JLO... but let's make everyone aware: Ageism is as corrosive as any other bias. However, its much more invisible. Let's fight it.
Over the Advertising Hill - Four thoughts from Ian Sohn
Should you feel old at 48?
In Ian Sohn's words "But 48 in advertising makes me a dinosaur" and some interesting data:
We will make our message simple and our voice heard
Age discrimination is as illegal and corrosive as all other discriminations. A person doesn't have to justify their age pretty much the way we don't have to justify our gender, religion, sexual orientation or skin color. All mindless discrimination is bad. Age happens to be illegal too. Fight back, make your voice heard!
McClatchy & The Miami Herald to older workers: Come on people, just die off!
In their latest article in Business Monday, the Miami Herald and McClatchy editorial boards totally forgot that age discrimination is both illegal and immoral. With phrases like:
Columnist James Cassel in a "Special to the Miami Herald" basically brushes aside any idea that older workers actually contribute to creating and maintaining value for the companies they work for.
Not once did the Miami Herald or McClatchy mention that older workers might want to remain because they are physically and psychologically active, engaged, creating value.
Along the way, they seem to have forgotten that most of their audience is NOT the younger workers they so idolize, but the older ones that they want to push out.
I urge you to write both, to the Miami Herald and to McClatchy to voice your disagreement with their position that older workers are just obstacles.
Read the article here: https://www.miamiherald.com/news/business/biz-columns-blogs/article239596508.html
So, no, I don't have guards follow me in a store because I'm "Latino"
But I've had people tell me in a meeting that "OMG, that was before I was born" or seriously doubting my understanding and expertise in digital media because I'm 65.
If the same test were given on age discrimination... how would you rate?
To read the full article from the NYT, click below:
In spite of talent shortages, the tech industry refuses to hire older workers.
Normally, we would link directly to the article, but the WSJ has a very inconsistent paywall. In spite of the WSJ making this important article open to the public, and just in case it again decides to close the paywall, we are bringing it to you as a PDF.
These firefighters in Queensland (Australia) are over 70... and doing a hell of a job!
What will you be doing when you're 70?
For most people, the answer probably isn't fighting fires. But for 71-year-old John Foster, retirement was just the start of a brave new venture. John Foster and a team of volunteers from the Woodgate Rural Fire Brigade are battling a bushfire in Queensland. Foster and the rest of his six-member team from Woodgate Rural Fire Brigade are battling a fierce bushfire in Australia — and they're all over the age of 70.
"Some call us Dad's Army. We don't mind," Foster said in a Facebook post Thursday. "Let's say we are all between 70 and 74. We do this because we believe, I guess, in supporting the community," Foster told CNN on Friday.
Real heroes. Age is just a number.
Retaining older workers has significant positive effects on productivity, earnings, economic growth.
In 1960, those older than 65 made up just 4.9% of the global population, but by 2050, they’ll account for a staggering 17%.
According to a recent study by the United States Bureau of Labor Statistics, by 2026, more than one in 10 workers will be older than 75, double the rate in 1996. Roughly 3 in 10 workers will be between 65 and 74
Studies show that the majority of elderly people have faced age discrimination, either on the job or in job applications. A 2018 report by AARP, a US-based not-for-profit for retirees, found that 61% of the older workers it surveyed had seen or experienced age discrimination.
In 2016, Nicole Maestas, an expert in healthcare policy at Harvard Medical School, conducted a major research with colleagues from the RAND Corporation
It’s tempting to attribute economic and productivity slow-downs to the fact that older people are past their best, but “it doesn’t necessarily follow that older workers are less productive than younger workers”, says Maestas. In fact, she thinks the reasons underlying this trend are the opposite of what the stereotypes would suggest; the problem might not be that baby boomer workers are older and therefore less competent now, but that the ones who are leaving the workforce are still impressively productive.
And, contrary to popular belief, there is no conclusive evidence to suggest that older workers are inherently less productive. One 2018 study didn’t find any significant links between the overall performance of private sector organizations in the UK and the proportion of older workers that they employed.
Maestas suggests some alternative explanations:
According to a 2015 report for the UK government by the pensions expert and political campaigner Ros Altmann, holding on to workers for just three years beyond when they would usually retire could add £55 billion to the British economy.
As if that weren’t reason enough, the evidence suggests that retaining older workers would also have the benefit of boosting the wages and employment prospects of younger generations, too. The idea is that if more older people stay in work, they’ll have more money to spend, and this benefits the economy, which is good for everyone.
Written by By Zaria Gorvett for BBC, published on 14th November 2019, click on the picture for the full article
Pay for everything using your credit card. If you fall for a scam, remember that you can dispute the charge with your credit card company and that they can reverse the charges. So, pay with credit card, keep all your correspondence in writing and, if needed, dispute the charges with your credit card company.
To read the entire article (and you should) click on the picture above.
Infurating. Illegal. And most ad agencies get away with it.
Do you have a similar story to tell? A worse one? A better one perhaps? Share it with us at firstname.lastname@example.org
Age discrimination is the hardest discrimination to prove and we definitely applaud and support Duncan Milner in his lawsuit against TBWA. End age discrimination now.
Over 65! Not only the "experience" it is the real expertise of having done more, spent more time thinking, building, creating.
Big thanks to the MIT Technology Review for publishing this lengthy, informative and well written article. Download the PDF by clicking here.