Here are some troubling US economic trends that will impact every business:
People are living longer due to advances in health and medicine.
Cost of education continues to rise at an alarming rate.
Health care costs are also rising at unsustainable rates.
Pensions are a thing of the past in the private sector.
The vast majority of individuals have meager savings in their 401k accounts.
Take a look around your office. Do you have people in their 50s and 60s still grinding each day? Get used to seeing them. They aren’t retiring at 60. Or 62. Or 65, for that matter. A recent USA Today article suggested that 70 is the new 65.
This new trend begs an important question for business owners.
To find out what that question is, read Mike's original article on the Delaware Business Times.