Tag Archives: Baby Boomers

The Rising Costs of College

In this it discusses the rising costs of college.

I offer the following.

I am 51, out of work after 30 years in manufacturing engineering and management. Manufacturing has gone elsewhere.I both need to and want to work until close to end of life, but in something more meaningful and relevant to today’s knowledge based society. I have both an engineering degree and an an MBA.

My path is to return to college, full time. There are many reasons to do this. One is economic. The cost of living at a public university campus, is less than $20,000 per year, including housing, transportation, food, tuition, entertainment and health insurance. With conservative returns on savings and remaining home equity along with a part time, low income wage, life is financially sustainable and a pretty nice place to live.

Since this will take care of the basics at a low cost, it opens opportunities to do more “meaningful” things in life, those things that I so much wanted to do when I was young, like save the world, but was distracted by other, more important things like a career, marriage, raising children, buying and maintaining a home and cars.

I have a social responsibility to our children, to remain functional in today’s society, and that requires abandoning the past to enable a future.
To do this, I need to reduce my consumption, as my assets have now become wasteful liabilities. I no longer need the house, the private yard, the water that goes on that yard, or a gardener to mow it for me. I don’t need 3 cars or the insurance on them. I don’t need my own cable, internet and phone or to consume electricity, gas for this big house.

While I will be getting a degree in “whatever” during the day because it is affordable, my night time passion will be to expand paths for others to live inexpensively on urban university campuses, creating social communities that enables others to do more meaningful things they want and we all need. I know it sounds like an enormous, perhaps absurd task. It is perhaps as large as changing our society from 40% farmers to less than 2%, or from 26% manufacturers to 8%, or the growth in lifelong learning or the growth of knowledge workers, health care, real estate developers. As with many of these changes, it is not I expect to create them. They are are already available. I hope to help a few others wake up and become aware of them, rather than hanging on to the past.

Oh, by the way, I will need some college room mates to help with this.  If you like the topic, lets blog at https://universitylifestyle.wordpress.com/
I promise not to try and take your money.

50+ baby boomers should return to a university lifestyle and we should build the housing to support them.

Recent college board information shows that the total cost per yer to attend public universities is less than $20,000 per year, for the total cost of living. This is a bargain lifestyle, relative to hanging onto homes that are no longer needed. Homes become liabilities if they are more than a person needs.

A university lifestyle includes shared housing, public transportation, lower energy and natural resource consumption.

Returning 50 year olds, with life experiences could be used to keep staff and faculty costs low.(if unions would let them) They would be at school for reasons other than a paycheck. They would be their to retool, remain functional for another 30 or 40 years, rather than a social entitlement burden. The would be their to solve the problems of the world, without more pressing issues of marriage, children, buying homes in the suburbs, and more vehicles to get them to and from work. Perhaps, armed with real life experiences, and inter generational classes, the quality of education would improve.

In the past, we put people to work building infrastructure. That worked because on the skills of the workforce at the time, which was manual labor. It worked for people coming off of farms. We are a knowledge based society now, with more than 40% of the baby boomers who have college degrees. Try putting a shovel in the hands of a 50 year old with a master’s degree and see how far it gets you.

Certainly, college is a high cost for youth with no assets. We have a social responsibility to keep costs under control, using talented people who can educate youth, without demanding high salaries. This would be possible if the 50+ people would return to college life, consume less share resources and contribute more.

More on this here https://universitylifestyle.wordpress.com/

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Creating a University Lifestyle for those over 50

If you would like to actively participate, I have created a google site here

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There is no shortage of talent

Is the sky is falling?” discusses a pending shortage of human resource talent. OMG, we’re gonna run out! This shortage is based on the false belief, created by baby boomers to push those over 65 out of the way.

The references, beliefs, values and convictions of the U.S. have been largely shaped by the 78 million baby boomers born 1946-1964. The major issues of the day, are based on what is important to this cohort. It is this group that controls wealth, directs governments, businesses, and the social values and policies of the nation. This group is living longer and healthier and, as a result, will continue to participate in shaping the issues, long after they turn 65. This group will not desire, and our society cannot support 20 or 30 years of “retirement”, that was previously considered a life of leisure and irrelevance.

This group has shaped the issues on what is important. Baby boomers created the need for large homes in the suburbs, a desire the best education for our children, the demand for SUV’s and the ever growing demand for energy and other resources. They created domestic and foreign policies and have expanded business to global markets. Things are changing.

By living longer and healthier lives, baby boomers will continue to shape the issues and decide what is important, much longer than prior generations. Our society has created a planned obsolescence of elders. “Retirement”, at one time, was a term used to describe 1 or 2 years of before death that has evolved into 30 or 40 years beyond age 65. No more, our society cannot afford to, nor does it desire a life of leisure or irrelevance for this long.

Baby Boomers will create new institutions for their continued participation in life, to be part of the future.  So how will things change?

This group will create new social communities of right-sized housing, with more public and reduced demands for personal transportation in more efficient, economically and environmentally sustainable urban environments. These shared resource communities enable lifestyles of lower consumption with lower expenses. To remain relevant, they will continue to update skills through education, beyond an online class, classes strictly for personal development of community colleges that require continued consumption from their over sized homes. Their focus will shift from the size of their paychecks to more meaningful contributions to society.

There will be social barriers for re-entry.  Educators, hospital administrators, government officials, or non-profit directors will resist re-entry baby boomers with insidious methods to protect their personal economic value. What industry, government or social institution would accept a re-educated, highly talented and passionate 50 or 60 year old who would work for $20,000 per year, because their economic needs are only $20,000?  They are no longer building nest eggs for the future, they are living their future. Values will change to creating the new dream, where people will not be judged by their age but by the content of their character and their ability to contribute. Resistance will manifest itself in such things as oh, well why don’t you volunteer, if you are so passionate about this? Or, you need experience in this industry to advance, you cannot apply what you know to what we do. It is our failure to create low cost, low consumption meaningful living lifestyles, and the exclusion of the human capital that creates shortages.

Our next visionaries, social, economic and political leaders that will create these new, low cost options for the baby boomer population. Existing back to campus attempts focus on a transfer of wealth for entrance fees, and continued high expenses for services. The best option now, is to understand and expand the lifestyle available on Public University campuses, where the cost of living is currently under $20,000 per year.

There is no pending shortage of talent, we have just closed our eyes to our own human capital.

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