Why We Do It

Let’s help turn the Me Generation into the We Generation!

The following demographics and statistics provide some insight into the need for the I Can Still Do That Foundation and its programs.  Let’s help hire the millennials to retrain the older adults and create new business models so America can compete again and create new jobs in emerging markets.

  • 41 percent of American adults are over 50, the highest percentage in U.S.  history.
  • People over 55 own 77 percent of all financial assets in the United States.
  • 50+ adults account for 45 percent of U.S. consumer spending, or $2.1 trillion per yr.
  • By 2011 the American 50+ population will surpass the 100 million mark.
  • The unemployment rate for American adults age 55 and older was 5.2 percent in January 2009, the highest since July 1992;
  • 1.7 million of American adults 55 and older were unemployed, almost twice as many as in November 2007.
  • About 1.7 million people, however, were working part-time in January 2009 because they could not find full-time work, a 40 percent jump from December 2007, when the recession began, according to the Bureau of Labor Statistics.
  • Some people had exhausted their jobless benefits, or were ineligible; others said it was impossible for them to live on their unemployment checks alone, or said it was a matter of pride, or sanity, that drove them to find a job, any job.
  • In just one illustration of the demand for low-wage work, a spokesman for U.P.S. said the company saw the number of applicants this last holiday season for jobs sorting and delivering packages almost triple to 1.4 million from the 500,000 it normally receives.
  • As of July 2009, the general unemployment rate in the US is 9.5%.
  • For teenagers, the summer job market has not been so bleak in generations. During what should be the start of the bustling summer job season, the unemployment rate for 16- to 19-year-olds who want work is 24% — the worst since 1965