Stuff in the ‘purpose and a paycheck’ Category

31 January, 2019

PURPOSE AND A PAYCHECK, Chris Farrell

Purpose and a Paycheck tells the compelling story of how a growing movement of older entrepreneurs and part-time workers are creating a stronger and more vibrant economy.

Whether you’re a corporate executive, business owner, policymaker, or moving into the later season of your career, the stakes for America’s aging population are high. People 65 and older will account for 20 percent of the population in 2030, up from 13 percent in 2000. Many prognosticators blame the aging population for the stagnating economy, citing that as more and more people retire, they will stop working as relatively fewer working people have to support growing numbers of dependent elderly. Purpose and a Paycheck (Harper Leadership, Feb 2019) debunks this line of thought by showing how a growing movement of elderly entrepreneurs and part time workers are creating conditions for a stronger and more vibrant economy.

Growing numbers of Americans are no longer retiring in the traditional sense. The numbers are striking and largely unappreciated. The labor force participation rate of men 60 years and over has risen nearly one-third from a low of 26 percent in 1996 to 35 percent in 2014. The comparable rate for women is from 15 percent to 25 percent. Even more impressive, 25.5 percent of new business ventures in 2016 were started by the 55-to-64-year-old age group, up from 14.8 percent in 1996. People in their 50s and 60s are launching new businesses at nearly twice the rate of people in their 20s.

America’s aging society and workforce is redefining work for all generations and is among the most significant long-term forces shaping the U.S. economy and society, alongside globalization, automation and climate change. Instead of an economic dead weight, America’s aging population holds the promise of getting back the economy mojo. Reframing aging will result in faster rates of economic growth and higher living standards for all of us in addition to a more fulfilling and financially secure second half of life for our aging population.

Chris Farrell is considered a leading expert on the trend toward working longer in the second half of life. He writes a biweekly column for Next Avenue, an online PBS magazine for the 50+ demographic, and hosts a Minnesota Public Radio program, Conversations on the Creative Economy, which is now entering its fifth season. He speaks across the country on the topic of unretirement.  Follow him on Twitter: @cfarrellecon


9 January, 2016

Farrell

Chris Farrell is economics editor of Marketplace Money, a nationally syndicated one-hour weekly personal finance show produced by American Public Media. Chris is also economics correspondent for Marketplace, the Chris Farrelllargest business program in broadcasting and chief economics correspondent for American RadioWorks, the largest producer of long-form documentaries in public radio. He is also contributing economics editor at Business Week magazine. He was host and executive editor of public television’s Right on the Money. He is the author of several books, including Purpose and a Paycheck:  Finding Meaning, Money & Happiness in the Second Half of Life (Harper Leadership, Feb 2019), Unretirement:  How Baby Boomers are Changing The Meaning of Work, Community and the Good life (Bloomsbury, 2015 and in paperback, January 2016), also available in audio from Audible, and The New Frugality . Chris is a graduate of Stanford and the London School of Economics.

Farrell says:  “I’ve spent much of my professional life reporting and writing on economics and helping people make the most of their money. I’m currently senior economics contributor at Marketplace, American Public Media’s nationally syndicated public radio business and personal finance programs. I’m also economics commentator for Minnesota Public Radio. I write regular columns on economics and public policy for Bloomberg Businessweek and on personal finance for the Minneapolis Star Tribune. I’ve written for a number of media outlets, including Kiplinger’s, Next Avenue, Yahoo, Pioneer Press, Frontline, Street.com, and Investment Advisor.

I was economics correspondent for American Public Media’s documentary unit, American Radio Works. Among the documentaries I worked on were After the Projects, Pueblo USA, and Japan’s Pop Power. I was host and executive editor of Right on the Money, a nationally syndicated personal finance series produced for 5 years by Twin Cities Public Television.

I got my undergraduate degree from Stanford University. I spent the following four years as a merchant seaman working in the engine room, going through the Suez and Panama canals, steaming past the Rock of Gibraltar under a full moon at midnight, stopping in ports like Athens, Dubai, Damman, Subic Bay, and Yokosuka. The money I saved at sea financed my graduate degree from the London School of Economics.”

For more about Chris Farrell, go to:  www.chrisfarrellblog.com and follow him on Twitter @farrellecon