A few days back, this blog mentioned a National Journal article entitled "Why millennials can’t start their careers and baby boomers can’t end theirs" that described how the job market is being squeezed by Boomers at one end and Millennials at the other.
Today, FINS Finance discusses how this is affecting Wall Street in the article "Are the Street's Seniors Squeezing Out Rookies?"
As baby-boomers pad their retirement funds, a chorus is growing from frustrated young workers: Step aside grandpa.
Some 44 million people will hit retirement age during the next decade, but many of them have no plans to actually retire. Read more...
NationalJournal...
...millions of graying baby boomers—the class of 1967—are working longer than they intended because the financial meltdown vaporized the value of their homes and 401(k) plans. For every member of the millennial generation frustrated that she can’t start a career, there may be a baby boomer frustrated that he can’t end one.
Read more...
