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How Gen Z's Retirement Will Be Different

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Those “kids” who were just dropped off at college for the first time? By their sophomore year, their generation will constitute one-quarter of the U.S. population. How will their retirement be different? That’s according to the authors of the so-called Mindset List – now housed at Marist College, having relocated from Beloitt College – has been published each August since 1998 . Originally created as a reminder to faculty to be aware of dated references, the list provides a “look at the cultural touchstones that shape the lives of students entering college.” Not to mention those who will go on to be workers and – eventually – retirees. This fall’s college class of 2023 is the first class born in the 21st Century (2001) – and thus lack a personal memory of the September 11 attacks. According to the authors of the Mindset List: This group has never used a floppy disk (heck, they’ve probably never even seen one, except at that “save” icon). Their phone has a...

Reference ‘Points’

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Several years back, I was talking with a colleague about the current state of the U.S. economy – and as a comparison point, I pointed to the mid-1980s. “I wasn’t even born then,” she said. At which point I realized that what I considered to be a relevant point of comparison was, to my coworker, ancient history. That memory comes back to me every year with the release of Beloit College’s annual “ Mindset List .” As that coworker discussion reminds me, a lot can change in (just) 18 years, but these same 18 years also make up the mindset – or “event horizon” ­– of today’s entering college students. The kids many of you just dropped off at college – the Class of 2022 – were (for the most part), born in 2000, the first year of the new millennium. The folks that compile this list know that those differences in experience and points of reference have an impact on the (perceived) relevance of the points we might try to make in college teaching – and even in terms of fina...

How the Class of 2020’s Retirement Plans Will Be Different

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Each year the good folks at Beloit College produce a “Mindset List” providing a look at the cultural touchstones that shape the lives of students about to enter college. So, in what ways will their retirement plans differ from those of their parents? In the most recent list (they’ve been doing it since 1998), the Beloit Mindset List notes that for the class of 2020 (among other things): There has always been a digital swap meet called eBay. They never heard Harry Caray try to sing during the seventh inning at Wrigley Field. Vladimir Putin has always been calling the shots at the Kremlin. Elian Gonzalez, who would like to visit the U.S. again someday, has always been back in Cuba. The Ali/Frazier boxing match for their generation was between the daughters of Muhammad and Joe. NFL coaches have always had the opportunity to throw a red flag and question the ref. Snowboarding has always been an Olympic sport. John Elway and Wayne Gretzky have always been retired. So, what abo...