The Wall Street Journal had an excellent article on the current employment changes to existing work structures. Many people have quit their jobs to pursue their own personal businesses, investors or other journeys since Covid hit.
There is a secondary phenomenon that the WSJ article did not cover and that is that as the working population ages, they have far less tolerance for employer shenanigans. The median age in America is approaching 40 and that is generally the time that most people begin to question what it is they will get out of life. The proverbial “mid-life crisis” is brought about life reflections and often insecurity about the future.
From an investment portfolio outlook, it is important to understand human behavior, changing demographics, changing work force, and future economic states and prepare accordingly.
In a future post, we’re report on some scary finding around mental health and the future of the boomer and Gen X demographic. We will take that information and adjust our investment portfolio accordingly.