Too Old for Millennial & too Young to be a Baby Boomer?

UK Baby Boom and Bust by David Willetts

UK Baby Boom and Bust by David Willetts (Photo credit: dullhunk)

In recent months this blog has focused on the plight of the millennials and how they must help themselves. Much of the best advice on self-help applies to the Baby Boomers as well.

But perhaps it is time to spare a thought for the generation who are too old to be millennials and too young to be baby boomers. I’m referring to those born between 1965 and 1982. This group is often called “Generation X” or “Gen X” for short.

Typically, Gen X live way beyond their means, without any serious thought about risk management and old age. Many have large mortgages and huge credit card balances. They spend little quality time with their families, preferring texts or instant messages. The more fortunate hope to inherit from their parents and clear their debts.

Gen X and their children (Gen Y/millennials) are trapped by peer-pressure. Consumer marketing targets the weakest and relies upon peer pressure to promote their products.

Gen X live high risk lives but typically do not understand first principles of risk management. Many in Gen X are heading for a fall, when their careers come crashing-down, realizing suddenly that they are too old. Without regular income, with high debts, limited savings and retirement funding, Gen X, post-crisis,  are suddenly alone, frightened and very lonely.

Any thoughts on risk management for Gen X?

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Britain’s borders in chaos: How terrorist warning system doesn’t work, millions of passengers go unchecked and staff are too frightened to blow the whistle | Mail Online

United Kingdom: stamp

United Kingdom: stamp (Photo credit: Sem Paradeiro)

This is an amazing, MUST READ article from the Mail Online, citing latest evidence from the National Audit Office. Check it out!

Britain’s borders in chaos: How terrorist warning system doesn’t work, millions of passengers go unchecked and staff are too frightened to blow the whistle | Mail Online.

This story is frightening and the latest hard evidence that austerity policies in the UK have been simplistic without proper strategic analysis and effective risk management.

Here is yet another critical area of UK government policy that is in melt-down; recently we have seen similar evidence on healthcare and education. Sadly, the Government seems to be blind to the crisis in domestic policy management where there is increasing hard evidence of a melt-down, preferring to deflect attention to military adventures in Syria where the evidence in the public domain is questionable.

Of course, it’s not just the Border Agency that is at fault, UK airports compare poorly against major airports around the world. Inadequate investment in the latest scanning technology often means lengthy queues and physical searches by security contractors engaged by airports. Poor quality services at UK airports often discourage foreign visitors, like wealthy Chinese shoppers, so this contributes to yet another melt-down, this time in the retail sector.

This blog has consistently questioned the wisdom of David Cameron‘s governments policies for over the last two years,  highlighting the absence of effective leadership and good management practice, like strategic analysis and risk management. I have worked with top Civil Servants and they are far from stupid; the fault, in my view,  is exclusively with ineffective government policy, especially the excessively simplistic austerity measures – more simply, David Cameron is responsible for the omni-shambles.

I worry that the omni-shambles across government will not lead to a major crisis, indeed possibly a disaster, before the UK public hold their government to account.

Let me turn this to two open questions:

  1. Why have austerity cuts not been effectively risk-assessed?
  2. Why has the Labour Party in opposition not held David Cameron’s Government to account?

Any thoughts?

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