For sponsors of 401(k) plans, and more specifically, the investment committees that oversee retirement plans, accounting for demographic trends can lead to better fiduciary stewardship. (Photo: Shutterstock)
The modern workforce, and the workforce of tomorrow, is and will be more diverse than ever, according to research from Deloitte.
Millennials now represent the largest generational share of the workforce. Still, the workforce is aging. Consider this: by 2024, 30 percent of the 65 to 74 age group are expected to still be working, compared to just 17 percent in 1994.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
