Were you between 15 years old and your mid 20s in 1975? If you were around that age in the UK you might remember your first trip to your local – newly opened – McDonalds franchise. You might have seen the newly released Steven Spielberg film ‘Jaws’ earlier in the year too. The impact of the UK economy’s 24% annual inflation rate was pretty new too; so was the trend of nearly a million people out of work.
There is quite a contrast between the UK in the mid 1970s and the country nearly 40 years later. As this week’s Budget will reveal the economy is showing signs of resurgence after the financial crisis of 2008, which triggered a global recession. The question is what does that change in the economy mean for your personal circumstances?
How does your age affect your life plan?
Have you reached your mid 60s with the degree of financial security you planned for? Based on current life expectancy projections, for British 65 year olds, will you be comfortably off for your final 21 years (if you are a woman) and 18.5 years (if you are a man)? Put another way, how comfortable are you with the gap between what you expected from your working life and what you have got?
I’m asking as unexpected insecurity has come up as an issue with previous coaching clients. Those in their 40s are thinking ahead, to put a strategy in place to make their future more secure. Those in their 50s are taking action to make their next decade more satisfying.
It is unsettling to pursue one career track, or follow a portfolio career, and not arrive at the destination you had planned for.
How has the global recession affected someone in their 60s (and what lessons are there for those in their 40s and 50s?)
Follow the link in the Tweet below to learn more about actions to help secure your future. Then give yourself a score for your answers to the two bullet point questions that follow the Tweet (10 out of 10 means you are totally satisfied with your situation, zero means you are totally dissatisfied, 5 means you are neither satisfied nor dissatisfied)
- How satisfied are you with the way you curate your presence across your online profiles?
- How content are you with your approach to sharing useful information and contributing to the development of your online connections?
Total up your score adding both answers together. If your total score is 11, or less, what steps will you take this month to improve the way you present yourself online? How does your self-marketing strategy fit into your wider financial security goals?