Understanding X, Y, and the Baby Boomers.
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The
BCBusiness writer on who Gen Y is.
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Gen Y – also known as Generation Next, the Millennials and the Echo Boom – has more power and greater choices than any cohort to come before it.
We’ll tell you about some B.C. companies that have devoted plans to deal with Gen Y. Each has recognized that this generation brings unique challenges to business, and each has accepted a critical idea: in this labour market, businesses are adapting to Gen Y, not the other way around.
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Canada’s 10 million baby boomers are unlike any other generation before them. By far the most unique feature of this cohort now entering its 60s is that its members don’t really want to retire in the traditional way. For many, what used to be called “retirement” is an opportunity to start their own businesses.
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We all have visions of retiring wealthy – finally savouring a taste of the good life, with first-class travels, fast cars and martinis by the pool. But, as Peter Wilson discovers, come age 65, many of us are in for a shock.
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