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Older Americans are working longer, in the spotlight of Social Security reform

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How as we have previously reported, older Americans proceed to be lively in the workforce, working longer hours than in previous years because many of them cannot afford to retire.

According to , Nationwide, 22% of retirement-age staff are still employed; nonetheless, the number of self-employed people is 25%.

There are, of course, states where the number of retirement-age staff far exceeds this average.

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In New Jersey, 33.8% of the workforce are retiree-age staff, followed by North Dakota (32.8%), Maryland (31.2%), New Hampshire (30.9%), and Connecticut (30.3%). . According to the Federal Reserve, only 51% of American adults aged 65 to 74 had a retirement account.

For adults 75 and older, that number drops to 42%.

According to , for black adults of retirement age, these numbers are lower.

According to , 67% of single black retirees have incomes below the senior ratea University of Massachusetts Boston dataset that measures whether older adults can afford basic living expenses. For white Americans, nonetheless, this figure drops to 50%.

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According to Kilolo Kijakazi, a fellow at the Urban Institute who focuses on income, wealth and race, the disparities are related to racism in the labor market that dates back to the enslavement of black people.

“We have a history of discrimination in hiring, pay, promotions and benefits. Hiring discrimination also contributes to occupational segregation. “White people trafficked people of African descent to create wealth for whites, but black people did not benefit from the wealth of their labor,” Kijakazi said.

Kijakazi concluded: “After emancipation, we had laws and regulations designed to maintain this effect and even deprive blacks of the riches they had been able to create for themselves in the face of such adversity.”

As Darrick Hamilton, an economist and executive director of the Kirwan Institute for the Study of Race and Ethnicity at Ohio State University, told the Times, white Americans have a bonus in wealth creation, putting blacks behind the each day eight ball.

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“For most Americans, wealth tends to be created by wealth begetting more wealth,” Hamilton said. “Having access to an endowment that invests in assets that will passively appreciate in value over your lifetime is how most Americans generate wealth.”

Social Security, the entitlement program that pays retirement advantages, actually encourages people to work longer. However, most black staff work in industries that make it difficult for them to work until they reach maturity receive a full pension at the age of 70.

Social Security Works, a progressive organization looking for to reform Social Security to work for the modern employee, has proposed a straightforward change that they imagine will profit Black people and other staff of color after they retire.

Under their proposals, staff who turn 62 will receive 85% of their full retirement profit, which is predicted to extend to 100% after they reach full retirement age of 70.

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According to A A 2023 joint study from the Center for Retirement Research at Boston College and the Urban Institutemaking the U.S. government’s retirement advantages formula more favorable to low-income staff would profit black staff, but not as much as simply paying them more for his or her work.

According to the study: “Although many of the benefit adjustments we modeled would disproportionately help Black and Latino beneficiaries and reduce Social Security benefit gaps, none of them would eliminate these disparities.”

The study concluded that: “Achieving equity in Social Security advantages for black and Latino adults would require significant progress toward equity in labor market outcomes. Although mortality and marriage also affect Social Security advantages by determining how long people will collect advantages and whether they are going to have access to spousal and survivor advantages, the primary factor influencing profit amounts is lifetime earnings. This puts black and Latino staff at a drawback because they are paid lower hourly wages and work fewer years on average than white staff. “Our recent analysis of the structural factors responsible for Social Security benefit shortfalls for Black adults found that improving Black workers’ lifetime earnings has the greatest potential to improve their retirement security.”

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This article was originally published on : www.blackenterprise.com

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Fenty joins forces with New York Liberty

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Fenty Beauty and Fenty Skin Rihanny transferred their WNBA partnership to the subsequent level, concluding a brand recent contract with the prevailing masters, New York Liberty, to point into an official sponsor of the band’s makeup and sweetness sponsor – announcement on May 7.

According to whom Rihanna gave an exclusive interview After the partnership is announced, the offer means the first Fenta trip in business with WNBA. It will likely be They entail the Fenty logo on the good and comfortable -up jackets before playing the team and shooting the sleeves, along with some activations contained throughout the sphereD Moments of discovering the product.

“I have always said that makeup is to have fun, express myself. This should reflect the atmosphere, a moment, personality – whatever you want. I am excited, seeing how amazing women from New York Liberty put the faces of the game and I am proud that they have fenta beauty and fasting skin this season,” said Rihanna.

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https://twitter.com/fentyheadlines/status/192012387318405353?s=19

Freedom also probably comprises the suitable mascot in all sports and The most recognizable and dense WNBAEllie The Elephant and Pachyderm coded in a black woman will likely be an infinite a component of activation contained throughout the sphere and other promotions which is able to emphasize cooperation between the team and the Fenty Beauty and Skin Rihanna line.

As Shana Stevenson, director of the Liberty brand, said with reference to the mascot of the Liberty brand, Ellie represents the position of Liberty in Brooklyn and the energy of the district on the extent that does several other mascots.

“The person we know today as Ellie interrogated during this open interrogation, and simply surprised us with his talent and interpretation of Ellie,” Stephenson reminded the shop. “It was so different, so fresh, so harsh. And we said:” This is our person. ” And I also felt a very New York, very Brooklyn in a way we didn’t see before. “

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Keia Clarke, General Director of New York Liberty, expressed the band’s emotions from sponsorship with Rihanna’s cosmetic brands. Clarke believes that Fenty and the team divide values ​​paying homage to supporting women and celebrating individuality.

“New York freedom is excited about working with Fenty Beauty-Pioneer, which shares our values ​​of supporting women and celebrating individuality, authenticity and confidence. Adaptation with similarly thinking brands allows us to provide significant connections and experiences that really resonate with our fans. Together we will include strengthening, courage and involvement in creativity,” said Clarke contained contained contained throughout the statement.

On the heels of the MET gala, which some Liberty players, paying homage to Jonquel Jones, Brenna Stewart and Sabrina Ionescu, along with Rihanna herself, Rihanna mentioned her faith that New York is perfectly embodded by the Liberty team In a press release.

“There is no energy and spirit like New York,” Rihanna said in an announcement. “Women from New York Liberty are an example of such beauty, power and strength, so Fenty Beauty and Fenty Skin have become part of their journey this season, he is amazing. We are excited to cooperate with them to get the faces of the game.”

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New York Liberty (T) Ellie The Elephan (T) Rihanna (T) Fenty Beauty

This article was originally published on : www.blackenterprise.com
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According to entrepreneurs who did this

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Every 12 months, around 100,000 small corporations They are created in Canada. But what do you actually need to arrange a corporation in Canada – not only on paper, but in practice?

To higher understand what really involves starting a startup in Canada, we interviewed entrepreneurs in various sectors. As experts throughout the sector of strategy and entrepreneurship, we combined their first -hand experiences from research results to determine the crucial thing facets that contribute to business success.

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What appeared is a more pronounced picture of the actual fact of Canadian entrepreneurship, which shows that constructing a corporation consists in each management, risk and immunity management, as well as to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to an revolutionary idea.

Solving real consumer problems

Before starting the company, it’s essential to discover goal customers. Successful ventures begin with solving an actual problem for a clearly defined group. Conducting market research to ensure strong Matching the product market It is a key first step in this process.

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Here comes the invention of shoppers. This applies Understanding the situation, clients’ needs and pain points. Techniques resembling user interviews and creating detailed Customer personas It will help founders higher understand who their product is to.

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This approach is crucial for every startups and recognized organizations that want to enter recent markets.

Building is one other vital a component of the tactic at an early stage Minimum Product Product (MVP): The basic version of the product, which accommodates only the essential functions needed to test the concept with users.

MVP enables entrepreneurs to collect feedback and improve the product before investing significant time or money in full development.

Manage your money accurately

After identifying market need, financing securing will likely be one other vital challenge. This process often It starts with making an interesting jump – a presentation that presents forecasts regarding product or services and funds to attract potential investors.

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This pitch is crucial for the success of the startup, Mohammad FaiyazFounder and CEO WavermarkHe told us.

Tools and resources resembling Pitch deck developed by co -founder PayPal Peter Thiel and AI feedback tool Ai Fornax.

Preparing a solid jump is a essential step to attract potential investors to your organization.
(Shutterstock)

But although financing may thoroughly be very crucial, managing these funds accurately is equally vital. Chris ColasantiVice President in Rocket Mortgage CanadaIt was explained by e -mail that amongst the assorted common mistakes made by recent entrepreneurs just is just not to control costs.

For the first time, many founders address the rise in revenues when leaving expenses. Colasanti argued that when it is best to not have limitless investors’ support, your survival relies on slim surgery. “Obsession with your costs,” he advised.

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Bhimani repeated this caution. “The budget for two to three times more time and money to complete the task, especially at the stage of ideas,” he wrote to us. Entrepreneurs ought to be prepared for unexpected costs.

Building a marketing strategy

Many startup founders are eager to scale their corporations quickly, but Doing it prematurely Power increase the danger of a breakdown by 20 to 40 percent.

“Growth is one of the most tax activities that the company can experience,” Colasanti told us. “Fight the desire for development. Hirp when it hurts and let sales increase your growth.”

To scale effectively, corporations need a sturdy foundation. This means having a comprehensive marketing strategy. A well -structured plan presents the company’s mission, market strategy, operations, funds and key milestones.

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In addition to service, as a road map to internal decision making, business plans also help to convey the vision and strategy of corporations to investors and other stakeholders.

. Bank Business Bank of Canada offers guides which is ready to help entrepreneurs in effective constructing business plans.

Hire the precise people to work

Employing appropriate employees for work is crucial for the startup’s success. “You can’t overpay talent,” Colasanti told us. “The first 10 people you employ, do or break your business.”

Decisions on employment should go hand in hand with the deliberate constructing of culture contained contained throughout the workplace. Studies show that a positive work of workplace leads to higher employee satisfaction, retention and general performance.

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“Your company will develop a culture, regardless of whether you create it or not,” he said. Many founders for the first time Let poor behavior slide To avoid conflict, nonetheless it surely is dangerous.

The woman speaks to a man sitting opposite her at the desk in the office
Employing appropriate employees for work is crucial for the success of the startup.
(Shutterstock)

Bhimani also emphasized the importance of employing those who really understand your organization’s mission. “Then I know that they are invested and put their best effort,” he told us.

Remember about vital legal considerations. Employers must comply with federal and provincial work regulations, and entrepreneurs should search for legal advice or Familiarize yourself with government resources While constructing teams.

Look for a reliable mentor

While entrepreneurship will likely be seen as solo, research and experience suggest otherwise. In fact, the founders who are mentord by successful entrepreneurs have come to an end 3 times more likely that they may succeed themselves.

Both Bhimani and Dhwani ShahFounder and CEO Aadhya Navik Inc.He emphasized the importance of mentors.

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“Even if you just have an idea,” Bhimani told us via e -mail, “You should try as much as possible with people from the industry who have relevant experience.”

Shah similarly attributed her increase in continuous learning and expert suggestions: “I have a long -term vision and I am actively looking for advice while working on the product.”

Resources resembling Finder Benefits Business and programs resembling Futurpreneur Canada AND Startup canada It can mix the founders of the early stage with financing and mentoring.

Passion and perseverance are crucial

The set of pondering may thoroughly be a differentiating factor that distinguishes successful entrepreneurs. Entrepreneurship pondering is a way of pondering, which is expounded to opportunities during which others see obstacles and maintaining a sturdy sense of initiative and immunity.

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All entrepreneurs with whom we interviewed said that internal motivation was the crucial thing to longevity. “The start of the company makes you wear many hats, which can be intimidating, but also gives great satisfaction,” Shah told us. Research also confirmed that it was true.



Colasanti told us that fear often leads the founders to too early a transition from experiments into protection mode. “They stop taking large swings and start shooting bullets instead of bullets,” he said. This change of pondering can lead to complacency and stagnation.

Entrepreneurs who are successful are sometimes those who can Keep agile, tackle discomfort and demand Even when the rates are high.

Use resources

There is an awesome deal of support in Canada for entrepreneurs. National initiatives resembling Futurpreneur Canada AND Startup canadaand financial support with Bank Business Bank of CanadaThey are also available.

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Most provinces and territories have web pages dedicated to resources for small businesses and entrepreneurs, including British columbiaIN AlbertIN Manitob AND Ontario.

In southern Ontario, Wettech alliance It offers a model how regional revolutionary centers can support the founders. Their programs help mix entrepreneurs with specialist knowledge, capital and community.

Starting business in Canada has never been more possible or more competitive. As we mentioned experts, we reminded about this, success is to make. The journey is difficult, but for those who are ready, it could even be deeply satisfying.

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This article was originally published on : theconversation.com
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Have you ever wanted to abandon from 9 to 5 and teach SnowSports? We followed people who did it for 10 years

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Burnout within the workplace-a state of emotional, physical and mental exhaustion-Covid Pandemia caused a rethinking of traditional work from 9 to 5.

It is estimated that 30% of the Australian labor force experiences a certain degree of burnout, arousing serious concerns concerning the possible impact on mental health.

Is it possible – and if that’s the case, properly – maintain burn out in your personal hands? Some answers to the issue, resembling “micro-pensions”, enjoyed the newest popularity in social media.

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But a small variety of people take an excellent more radical approach-by throwing a path from 9 to 5 for careers, which priority treat the importance, pleasure and personal development. We tried to learn how he played this move specifically for one group – SnowSports instructors.

Our tests -published within the International Journal of Research in Marketing-the 10.5-year survey of SnowSSports instructors who left their work from 9 to 5 years for a big profession on the slopes of Canada, Japan, Japan, the United States and New Zealand.

We checked out the travel of instructors to the life-style, the best way they managed a brand new profession, and what some led to the return to 9 to 5.

Racing of winter

We conducted an interview with 13 SnowSSports instructors aged 25 to 40 (seven men, six women), we collected image and video artifacts, followed accounts in social media and surveyed Snow School reports. Our fundamental researcher also participated in a way of life.

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All our participants had not less than a bachelor’s title and a everlasting profession in areas resembling education or information technology before.

During our ten -year field work, we found instructors, enough money was earned to maintain this lifestyle, often traveling with possessions in a single or two bags.

Whistler Mountain, Canada: instructors live and work in places with great natural beautiful.
Kevin503/Shutterstock

In addition to the adrenaline and the great thing about life within the snow, we found that people were first motivated to enter this profession to escape from the company world and the bond of contemporary life. One participant, Lars, said:

If you just get a job, you’ll get perhaps 20 days of free 12 months for the subsequent 40 years, and when you stop when you have a job, home, mortgage and child (…) You are trapped.

Feeling

At the middle of our research there was the concept of ​​constructing a profession around the traditional Greek concept of “Eudaimonia”. This term is usually translated into “happiness” in English, but its wider connotations mean that he’s closer to “blooming“And it features a sense of purpose and lifetime of virtue.

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This is unlike the related concept “hedonism” – which focuses on striving for pleasure due to herself. Eudaimonia goals to think concerning the goal of life, potential and meaning of life.

When our participants mastered this sport and profession, they went from bizarre pleasure or hedonism within the snow to find meaning and purpose of their work.

They felt a way of feat and recognition of snowports as sport and work requiring dedication, care and commitment.

Challenges along the best way

However, in every profession there are requirements that shape the best way people manage work and intentional aspirations. Instructors must incur financial costs, resembling buying their very own equipment, paying for certificates and accommodation.

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After all, the life-style was not balanced for some due to uncertain working conditions and minimum wages. Relying within the weather, to produce snow, unfair compensation and everlasting contracts, they wore lots.

The dissatisfied participant confessed:

You take into consideration money all day (…) Developing costs, staff and lessons! However, they (managers of ski resorts) tell me as an instructor that I mustn’t take into consideration my money work. Well, if it wasn’t for money, you would not take a lot for lessons.

In the examined period, six returned to bizarre work from 9 to 5.

An alternative to senseless work?

The late American anthropologist David Graeber invented the sentence “nonsense tasks” to describe tasks that contain senseless tasks that don’t add real value except for providing salary.

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A bored man in the office
9-to-5 is usually a cut.
Shutterstock

Our study offers a window for the lives of those who were looking for an alternate, trying to construct something that they love of their day by day work they do to earn a living.

For many, despite the challenges, the power to ride on a regular basis slopes remained more attractive than working on a desk. One told us:

At the university, my first management lecturer said: “You can become a general director, earn $ 300,000 a year and have a free -free month”, and I said: “or I can ski and still can afford food and pay rent.” That’s all I actually need.

But every part didn’t work for them. The experience of those who remained suggest that selecting a big job may be difficult and can force people if the encircling organizational system doesn’t support.

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This article was originally published on : theconversation.com
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