For Retirement, 80 May be the New 65

Small Business Labs

We've long been forecasting and writing about the growing trend of Americans working past traditional retirement age.    But even we're surprised by a Wells Fargo survey showing that 75% of Americans plan to work in their retirement years - and 25 percent saying they'll need to work until at least age 80 because they will not have enough money to retire comfortably.     Past surveys have had this percentage closer to 50%. 

5 Simple Hacks To Increase Your Retirement Savings

Dumb Little Man

Are you saving for your retirement? If you haven’t been able to start saving for retirement, you are not alone. In another survey conducted by GOBankingRates.com, nearly 21% of its respondents claim to not have any savings account. The importance of saving for your retirement cannot be overemphasized. Saving for retirement is not optional; it is something that everybody ought to take seriously. Simplify your retirement savings by placing it on auto pilot.

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Over Half of Baby Boomers Plan to Work Past Traditional Retirement Age

Small Business Labs

Blog powered by TypePad Member since 01/2005 « Time Spent on Social Networks Exploding; Email and IM Fading | Main | The 2 Speed Economy - Big versus Small Business » August 05, 2010 Over Half of Baby Boomers Plan to Work Past Traditional Retirement Age A recent survey by Robert Half survey found that 54% of baby boomer respondents plan on working past tradtional retirement age. 

Are Men Or Women More Successful At Saving For Retirement?

Dumb Little Man

Do you know who is more successful at saving for retirement ? While that disparity isn’t disappearing anytime soon, advocates for gender equality can look to one area of finance as a sign of the changing tide: retirement-saving. According to a recent study by investment management behemoth Vanguard, women are out-saving men for retirement, and it’s not even a close race. These women prove that a low salary doesn’t have to dissuade you from saving for retirement.

More Americans Plan to Delay Retirement

Small Business Labs

We've written so often for so long about Americans - and especially baby boomers - delaying retirement that I'm honestly getting tired of the topic. Key quote on their findings from an AP article on the study : Some 82 percent of workers 50 and older say it is at least somewhat likely they will work for pay in retirement. And 47 percent of them now expect to retire later than they previously thought — on average nearly three years beyond their estimate when they were 40. 

Most Feel Classic Retirement No Longer Affordable

Small Business Labs

Transamerica  released their 13th annual retirement survey.  They cover a lot of areas related to retirement and their full report does a nice job with the details.   The quick summary is only 39% of respondents believe they are buiding a big enough nest egg to fund a traditional retirement.   Also, only 19% said they did not plan to work in retirement. Income is now the primary driver for wanting/needing to work in retirement.

Half of U.S. Full-Time Employees Plan to Defer Retirement Due to Financial Reasons

Small Business Labs

The study is based on a survey of 2,675 adult Americans with a full-time job at companies with at least two employees. It shows that 52% of the full-time employees surveyed said they plan to postpone their retirement due to their financial situation. We've long often covered the trend towards delayed retirement ( see our baby boomer section for many articles on this topic ). The reason is the people who took this survey all have full-time traditional jobs.

Please Take "The Organizational Use of Video Storytelling" Survey

Small Business Labs

Blog powered by TypePad Member since 01/2005 « More on the Growth of Small Farms and Local Food | Main | Corporate Speed Dating Opportunity with Intuit » June 24, 2010 Please Take "The Organizational Use of Video Storytelling" Survey The Organizational Use of Video Storytelling is a new research project by the non-profit think tank Society for New Communications Research (SNCR).   As   Click Here to Take the Survey.

2010 124

Consulteering - A New Approach to Retirement

Small Business Labs

Work a Little, Play a Little: A New Retirement Strategy from the New York Times covers the  growing trend towards people working part-time in retirement.   The article focuses on a retired educator who has put together a portfolio of activities to meet his goal of “balancing a life of leisure with a life of purpose.”. Simply put, many older Americans are not financially prepared for retirement and will need to work.

For Many Boomers, Work is the New Retirement

Small Business Labs

Transamerica's Center for Retirement Studies recently released the results from their 17th annual U.S. retirement survey.    As with prior years, it's full of interesting data on the retirement preparations and plans of Americans of all ages.  This group is currently entering retirement age in large numbers (roughly 10,000 turn 65 every day) and the oldest members turn 70 this year.

Encore Career Study Findings - More Encore Small Businesses

Small Business Labs

Their primary target market is aging baby boomers and their goal is help this group transition to social service work as they enter the traditional retirement years. The recently released the results of their 2014 Encore Career survey  of Americans aged 50-70 there were a number of interesting findings related to small business formation by aging baby boomers:  - 25 million Americans in this age group are interested in pursuing encore careers. -

2014 142

Wisconsin, Illinois Companies Feeling the Recovery

Small Business Labs

Blog powered by TypePad Member since 01/2005 « Yahoo CEO on Local Content | Main | Non-Mortgage Debt and Working in Retirement » June 30, 2010 Wisconsin, Illinois Companies Feeling the Recovery The QPS Employment Group is a staffing and recruiting firm operating in Wisconsin and Illinois.    They recently surveyed  400 local companies in these two states.  Kudos to QPS for their survey work. 

2010 132

CEOs Believe Technology is Rising in Importance

Small Business Labs

  But following up on yesterday's post on IBM's global CEO survey , I wanted to highlight one of their charts.    The chart below shows their survey results on the key external forces likely to impact large corporations over the next 3 years. These survey results prove tangibly what most office workers, owners and managers already know.

2010 132

Customer surveys can make a difference in business

Service Untitled

Whether you choose complicated and intricate customer survey software, or if you are just starting out and have even created your own short survey online with the compliments of free web-site surveys, always remember to keep the survey brief, informal, and easy to understand. And one more requirement of a successful customer survey is to have your customers divided into subgroups since there are sometimes obvious differences in service requirements.

2011 41

State of Small Business Tweet Chat on Wednesday

Small Business Labs

  I will be participating in a Tweet Chat discussing the survey results this wednesday (September 15th) from 1:00pm to 2:30pm ET.    All of these are better than the 2010 expectations data from the prior survey, which was done late last year.   We will covering these topics as the other top 10 survey findings in the Tweet Chat. 

2010 100

Most Americans Plan to Work Past 65

Small Business Labs

Transamerica Insurance released their 14th annual retirement survey.   Most interesting to us here at Small Business Labs are the attitudes related to working past traditional retirement age. Despite these survey results, we don't expect the workforce participation rates for older workers to increase to the 60% range (survey questions like this tend to get a lot of false positive responses).

2013 161

Why People Choose Self-Employment

Small Business Labs

TD Ameritrade did a study late last year on retirement savings and the self-employed.   We like seeing other surveys finding similar results to ours.  One of the questions they asked was why people chose self-employment over traditional employment.   The results, which are shown in the chart from the study below, will not surprise regular readers. 

2014 164

Good News - 70, Not 80, is the New 65

Small Business Labs

Last year we posted on a study suggesting that many baby boomers were going to need to work until they were 80 to retire.   But according to the Center for Retirement at Boston College , most Boomers will only have to work until they are 70 to retire comfortably.  Their crunching of the data shows that if they wait until 70 to retire, 86% of Boomers will be able to do so comfortably. Working longer means fewer years in retirement.

2012 137

1 in 3 Small Business Owners are 65 or Older

Small Business Labs

  For over a decade Barlow has fielded a quarterly survey of businesses on topics of interest to financial institutions. Because of their history and the comprehensive nature of the their surveys, Barlow has lots of interesting and insightful information on small businesses.  Not surprisingly, a lot of these aging owners are starting to think about retiring.

2015 167

Learning From Large Corporation CEOs

Small Business Labs

Blog powered by TypePad Member since 01/2005 « Urban Farming Continues to Expand | Main | CEOs Believe Technology is Rising in Importance » June 01, 2010 Learning From Large Corporation CEOs Every other year IBM conducts a global survey of large corporation CEOs.    The goal of the survey is to understand the issues of greatest important to the people running the world's largest corporations. 

2010 113

The Great Risk Shift - and Economic Insecurity - Continues

Small Business Labs

  Examples include corporations shifting more responsibility for retirement, career planning and healthcare to their employees and governments reducing social safety net programs. " Reinforcing this, the Federal Reserve just released their 2019 Survey of Household Economics and Decsionmaking study.  "Risk shift" is the trend towards economic and other risks - and the responsibility for risk management - being shifted from institutions to individuals. 

2019 67

The Rise of Digital Nomads

Small Business Labs

 Unlike the classic retired "snow birds" who fly south in droves for the winter, the people we met are still in the workforce. A couple of interesting statistics from our research shows how widespread the digital nomad movement could become: 22% of all independent workers surveyed reported less than 10% of their revenue came from their local area.

2014 145

How to Choose A Financial Advisor: Top Tips You Can Follow

Dumb Little Man

One survey showed that 40% of investors didn’t know what they were paying for advice or mistakenly thought it was free. See Also: Seven Top Tips for Retirement Planning. Finding someone you can trust to give you sound financial advice is not easy.

2020 176

3 Reasons to Ditch Your Leather Wallet and Go Digital

Dumb Little Man

A digital wallet retires the card shuffle. According to a survey by the American Bankers Association, only 12 percent of consumers trust the security of digital payments over their traditional payment methods. Despite the cool factor, Americans have been slow to make the switch to digital wallets. As you might expect, younger consumers lead the way: Fifty-four percent of Gen Z consumers use digital wallets.

2019 202

Profiling Mature (Aged 67+) Independent Workers

Small Business Labs

  To better understand this age group, as part of the MBO Partners State of Independence study we surveyed and interviewed a group of independent workers (self-employed, independent consultants, freelancers, etc.) Mature independents plan to stay independent or retire : 77% plan to continue working independently over the next 2-3 years and 14% plan to retire. Older workers - those over the age of 65 - don't get much attention from researchers or the media.

2013 185

Working Seniors

Small Business Labs

That's the highest level since the 1960s, before more generous Social Security and Medicare benefits made it more attractive to retire." The survey results from the MBO Partners State of Independence study reflect this.  The AP has a good article summarizing some of the findings from the 2010 Census.    The focus is mostly on how hard the Great Recession has impacted young adults.

2011 135

The Societal and Small Business Impacts of Economic Uncertainty

Small Business Labs

According to a recent survey close to 60% of men over the age of 50 with incomes of $75,000 or higher reported not feeling confident they will be able to maintain their current lifestyle in retirement. If you Google "economic uncertainty" you will find many references to its impacts on the economy and business. But you won't find much on its impact on people and society.

2014 145

3 Top Job Industries That Are Flying Under Your Radar

Dumb Little Man

Employees enjoy discounts, retirement plans, community involvement, two days of additional PTO for outside activities, healthcare, and a positive culture that shares a passion for the outdoors. Just this year, my company, JobsInSports, conducted a survey of employers. Our survey found that employers think the most important aspects you should know about a potential employer are core values, the vision, their products/services, and their mission statement.

2017 160

The Two Types of Portfolio Careers

Small Business Labs

There's no doubt the traditional career path of staying with a single company, or a small number of employers, and rising through the ranks until you retire is no longer viable for most people.  According to this year's survey results from the MBO Partners State of Independence study about 40% of all adult Americans have spent part of their careers self-employed and we're forecasting 50% will have by 2020.

2013 142

The Recent Flurry of Gig Economy Studies

Small Business Labs

Want Your Business to Thrive - Cultivate Your External Talent : The Society for Human Resource Management (SHRM) and Success Factors teamed up for study, which surveyed independent workers, managers who hire independent works and HR employees.  How Well Are Independent Workers Prepared for Retirement?:   We're including it because it contains data on gig workers in general as well as data related to gig worker retirement savings. 

2019 55

Smoking and Productivity: 7 Good Reasons to Quit Smoking

Dumb Little Man

One survey found that nearly 55% of non-smoking workers were “often/almost always bothered by exposure to SHS (secondhand smoke).” Smokers also retire much earlier than non-smoking workers due to the health problems associated with smoking. Smoking is no longer allowed indoors. In some places, they also aren’t allowed outdoors. This caused smoking rates to decline dramatically. For the economy, that was good news.

2018 147

Why Networking Is Essential For Career Success (and Everyone Should Do It NOW)

Eat Your Career

For example, a contact in your network knows a position is soon going to be available at her company because a colleague in her office is retiring. The 2013 Careerxroads Hiring Sources Survey shows that employee referrals are the number one way to get hired. Networking. The word alone strikes fear in the hearts of many. It’s so awkward and uncomfortable! It’s so inauthentic! It’s just so…so…exhausting. That’s why many professionals put it off.

How to Launch a New Career After 50

45 Things

It’s estimated that more than one in four Americans are tapping into their retirement savings accounts such as 401(k)s to meet non-retirement needs, but such a strategy can mean it may require people to work longer, especially since company-provided pensions are now provided to only one-in-five workers. That could explain why twice as many people in their late 50s and early 60s are starting a business or becoming freelancers compared to a year ago, finds a PeoplePerHour survey.

Why Your Employer Wants You to Be Healthy

45 Things

A survey by AtTask finds that 37% of workers say interruptions lead to "work hell." • We work too much. Some 57% of workers put in more than 40 hours a week while 8% work more than 60 hours a week, the AtTask survey finds. High" or "overwhelming" is how 19% of those surveyed by Financial Finesse describe their financial stress in the third quarter of this year, compared to 13% for the same time last year.

2013 59

Coworking Labs - Our New Research Blog for our Coworking Project

Small Business Labs

  Conduct two surveys augmented by in-person interviews.   The first will survey coworking facility owners and identify key facility statistics such as size of the facility, number of desks and offices, services offered, number and type of members, etc.   The second will survey coworking facility users and will identify demographic and usage statistics such as user firm size, age of firm, number of employees, type of business, reasons for using coworking, etc.

2010 113

What are You Doing to Help Vets?

45 Things

One of the biggest problems for veterans these days is finding a job in the private sector once they retire from the military. Recently I was sent a survey by WalletHub that showed the best and worst states for military vets, based on job opportunities to the number of VA health facilities. The survey also found the the number of homeless vets per 100 inhabitants is two times higher in Alaska than in New York.

2015 53

Developing Countries: The Engine of Global Economic Growth

Small Business Labs

Our survey research is showing a growing number of small businesses are exporting, but the overall numbers are still small. Small Business Labs Tracking and Forecasting the Trends Impacting the Future of Small Business Welcome to Small Business Labs Small Business Labs, from Emergent Research , covers the key social, technology and business trends impacting small business.

2010 137

Corporate Speed Dating Opportunity with Intuit

Small Business Labs

Blog powered by TypePad Member since 01/2005 « Please Take "The Organizational Use of Video Storytelling" Survey | Main | Silicon Prairie » June 25, 2010 Corporate Speed Dating Opportunity with Intuit Intuit is holding their 2nd   Entrepreneur Day on August 16th in Mountain View, California. 

2010 132

MBO Partners State of Independence in America Study

Small Business Labs

  The research consisted of two national, representative surveys and in-depth interviews with independent workers.    Respondents were most concerned about a lack of predicable income (56%), job pipeline worries (46%) and planning for retirement (46%). 

2011 124

Coworking for the Bio-Curious

Small Business Labs

The DIY BIO blog  recently did a survey looking at the demand for a coworking biology lab.  Small Business Labs Tracking and Forecasting the Trends Impacting the Future of Small Business Welcome to Small Business Labs Small Business Labs, from Emergent Research , covers the key social, technology and business trends impacting small business.

2010 124

DMA's Spring Magazine Focused on Going Global

Small Business Labs

Recent survey results from Network Solutions Small Business Success Index shows that about 19% of small businesses (less than 100 employees) sell outside the U.S.  Small Business Labs Tracking and Forecasting the Trends Impacting the Future of Small Business Welcome to Small Business Labs Small Business Labs, from Emergent Research , covers the key social, technology and business trends impacting small business.

2010 100

More on the Growth of Small Farms and Local Food

Small Business Labs

Blog powered by TypePad Member since 01/2005 « Street Food Gets Real | Main | Please Take "The Organizational Use of Video Storytelling" Survey » June 23, 2010 More on the Growth of Small Farms and Local Food Interesting article in the Washington Post on mobile slaughterhouses. 

2010 124

Boomers, Buzzwords and Elephants.Oh, My!

On The Job

So, without further ado, here are my nominations for interesting news items: * Thinking about Dumbo: A survey found the the "Most Outrageous, Offensive and Illegal Interview Questions” ever asked during a job interview include: "Would you be available from time to time to watch my children?”; "Is that your natural hair color?”; The survey was compiled by Development Dimensions International (DDI) and Monster.com.

2008 100