Home

Under revision(my apologies)

Concept
Baby Boomers return to full time resident campus living to launch life part II.
Value: Low cost, flexible options, 
This option is not for everyone. It is for those who prefer to commit, rather than dabble.
References, Beliefs, Values, Convictions:
SEEPT.
Customer Impact
Social Impact:
The United Nations has recognized aging populations in developed countries as the most important and most certain problem that needs to be addressed during the next 20 years as Baby Boomers retire. 
Economic Impact
Environmental Impact
Political Impact
Technological Impact

What's this all about?
Many people want to continue to learn for a variety of reasons. There are an increasing number of ways to learn. People can take online classes, attend college classes during weekends or evenings, or read independently to name a few. The topic here is for those 50+ to return to full time, resident campus life. 

Why learn? 
3 primary reasons are:
  1. Learn just to learn. It is an enjoyable activity all on it's own.vic
  2. Learn as an engaging social activity, to gain new insights and inspiration from others.
  3. Learn for career opportunities, to stay current or advance in one's profession, or to change professions.
  4. Some combination of the above.
Other Stakeholders:
Universities:
Class room participants.

Employers
NGO's
Millennial
Youth
Government
Gen x



How? Well, if you are 50+, you're probably going to have to give up some stuff(anchors), so you can move forward.

We can have fun learning, doing, creating new companies, organizations, that make a difference with a purpose and meaning. 

Where: Where it makes sense, locally,regionally, nationally or internationally. 

When: Now, or as soon as we can put a good plan together. 

Let's form communities of lead enthusiasts with a passion for innovative change. 

UL focuses on creating communities of Baby Boomers, who return to campus full time to retool, rejuvenate and collectively extend their human life-cycle with the purpose of contributing to society in meaningful ways for longer periods of time. 


In doing so, they become part of the solution to an underlying problem of global aging. They extend their functionality by becoming physically and mentally healthy. They remain engaged in life and reduce their dependence on future generations. They create employment opportunities for youth and opportunities for others to be promoted, by vacating their jobs, because they have more important things in life to attend to. UL provides a second chance in life to do good works, to achieve the passions of their youth, that drifted off course. It creates a less encumbered path for Mom and/or Dad to give up everything for a more noble cause. It makes their children proud. It is an alternative path that deemphasizes material needs to focus energy on contributing to social needs. It is a social community of idealists who connect the resources and actively participate in creating the greater good.

College students consume and spend less on their cost of living. They share housing, transportation, food and utilities. They have a smaller footprint. Boomers, who return to a students lifestyle, abandon what is no longer needed (J. Schumpeter). In doing so, they become free to redirect resources and energy to do good works. If all your personal possesions can be placed in a backpack you are free to move to where you can give of yourself to help others. If you can live on less, you are less burdened with trying to accumulate wealth for yourself and spend more energy helping others instead. You become free move up in Maslow's hierarchy of needs. You become free of the fear of becoming an outcast, of becoming decrepit or a burden to children. You become so proud of you.

While on campus you create new relationships, organizations, businesses and institutions that help solve local and global social problems. People from all walks of life join together to  live, learn and play while preparing for their next stage of life. You participate in intergenerational, multidisciplinary classes. You add the value of your experience, unlearn what no longer is valid and learn what is needed for your second life. This is a full immersion, fully engaged social lifestyle. 

Marketing
Communities of interested UL students are initially connected using social media (Facebook, Linkedin, Twitter, Skype, Blogger, ning,  etc.)

Where?
At each of the 623 public university campuses, 1000 per campus. 


A new form of affluence- where the cost of living and material consumption is low, but the quality of life is high.

My first major goal is to make the program affordable. I am targeting near poverty levels. I break costs into:
1.) The cost of living. According to this source, the average room, board, and other expenses total $11,246. I found student health insurance less than $1000/year! This is close to poverty level and less than average social security payments of $14,000. Obviously those who are retired and limited to only social security payments should consider living a university lifestyle as well. Students live on less. They share housing, walk, bike or use public transportation, shop at thrift stores and rarely dine at expensive restaurants.
 
2.) The cost of education. According to the same source, Tuition and books averages $8142. In some cases, this can be reduced, with restrictions through concurrent enrollment, or reducing the number of classes taken. Most professors enjoy having a few older and experienced students if they contribute and participate.

3.) So, using $22,000 for a year, I think it is highly probably that a baby boomer could work 20 hours per week find 1000 hours of work a year at $15/hour.


What it is not about and why it is different from other programs.


It is not:
  • attending classes during the evening, or on weekends to earn a professional certificate, bachelors of advanced academic degree. It is not taking synchronous or asynchronous online classes, hybrid classes, or seminar style classes. 
  • A retirement home, or senior health care facility for those near the end of life, who wish to be affiliated with a university.  Campus Continuum
  • It is not an educational travel organization. Elderhostel.
  • It is not taking classes for personal enrichment. 


Target Market
 It applies most directly to the 78 million who are now between the ages of 64 and 46, and creates a structure for younger people


It is for those who:
Want to continue with the adventure of life. 
Who want to contribute to future generations
Who want to remain relevant and contributing to society in meaningful and purposeful ways
Who want to avoid become a burden to the children or society. 
Who
 

The depressing news. 
The optimist's news.
 
There are roughly 78 million baby boomers, or 4 million in each of the 18 years of the boom. The oldest of the boomers was born in 1946 and will be 64 in 2010, while the youngest was born in 1964, will be 46. Back of the napkin is 78/18 is 4 million per year.  

Why it is important. 
The world is aging and people are living longer than they used to. Society and most individuals are not well prepared for this. There are numerous social, economic, environmental, political and individual reasons why this is important.

Economic:
The percentage of the population over 65 will increase relative to those of working age(18-64) will, for the first time in recordable history, increase from 30% to 50% by 2030, just 20 more years. Chart 1 

Our society has attempted to create safety nets to provide for it's elders. Many expect to live their retirement years off social security, company or public pensions, combined with the personal wealth they have accumulated in savings and real estate investments. Assumptions that stock markets and real estate values will always increase have recently been proven wrong. Assumptions that health care costs will increase at the rate of inflation have also proven wrong. 

Health Care reform is a major political issue of the day. While much of the debate is concerned with expanding coverage, we have to also consider the reality that health care costs more for older people than for younger, and we will soon have fewer younger working people to pay for more older and more expensive older people than we have over the past century. So, while we may expect growth in the GDP to pay for these expenses, what if the GDP does not always go up, or does not go up and the rate used to fund these social safety net cost. 


who will pay for a growing portion of the population that require more health care(costs)

 a population that requires more spending requiring more 

Employment. 

Environmental:
Boomers have been consumers. ed wealth in e have social security, defined benefit and defined contritubution retirement plans. These entitlements

The structure of the economy is changing more rapidly that it used to due to a variety of factors. 


other reasons to do this. Many project that alsheimers and Prakinsons
 


A "University Lifestyle" is a path for Baby Boomers to go back to full time resident college life to prepare for their "Encore Careers". 

Inspiration for this site comes from Peter F. Drucker

"Thirty years from now the big university campuses will be relics. Universities won't survive. It's as large a change as when we first got the printed book. Do you realize that the cost of higher education has risen as fast as the cost of health care? And for the middle-class family, college education for their children is as much of a necessity as is medical care—without it the kids have no future. Such totally uncontrollable expenditures, without any visible improvement in either the content or the quality of education, means that the system is rapidly becoming untenable. Higher education is in deep crisis.” Seeing things as they really areForbes (March 10, 1997) -Peter F Drucker

The average single family home was 2,349 square feet in 2004, compared to 1,695 square feet in 1974. The size of the kitchen alone has doubled to nearly 300 square feet. Ground-floor ceilings have grown by more than a foot, and bedrooms are now an average of 12 feet by 12 feet, compared to 9 feet by 10 feet 30 years ago.

That's more home for less people. Today's average family size is 2.6 people. Then, it was 3.1 people.


"The best way to predict the future is to create it. " Peter F. Drucker

Rosabeth M. Kanter also deserves recognition for provocative thought. Go here for more.  



Want to help build the concept?

What is our purpose?

Our purpose is to connect people who will create a new lifestyle on college campuses where they will prepare for their "Encore Careers" . 

What a "University Lifestyle" is not.

To be clear, a "University Lifestyle" it is not a  "University Affiliated Retirement Home", or a final resting place located on or near a college campus. Nor is it an "active adult" retirement community, where people live in age group isolation, often focusing on "busyness" activities. It is not about taking classes online, at a community college or a professional school while you continue to work. It is not about trying to intrude on the lives of our youth by trying to live in the Freshman dorms. It is not for those who wish to withdraw or disengage from functional roles in society, and seek retirement. It is not for those who feel entitled to 20 or 30 years of rest, golf or leisure world before death. 

What "University Lifestyle" is.

It is a fresh, new start that enables a person to extend life well beyond the "normal retirement age" in ways that are personally meaningful, and socially responsible. It is a physical and mental wellness program, where you are immersed in college life, rebuilding, retooling, and catching your second wind. It is a place and time to contribute and enrich our college classrooms through real world experiences and hard earned wisdom acquired only through the challenges of life. It is a time to unlearn those things that no longer apply, to abandon that which no longer works. It is a time to reconnect with the world, through intergenerational and multidisciplinary classrooms and social activities. This is a time to rejuvenate and surrounding yourself with the energy, excitement and hopes of youth. It is for those who wish to remain valuable, relevant and contributing to society.

Isn't going to college a huge expense?

No! 
It can actually be very inexpensive, if you go about it in the right way. College students are notorious for living inexpensively. You only need a large income if your expenses are high. Average households spend 65% of their income on room, board and transportation.(Ref BLS)
But how much do students spend?
  1. Room and board is typically less than $10,000/year
  2. Many students rely on walking, biking or buses, mopeds, shared cars, etc. Many have no car payments, insurance or gas or maintenance costs.
  3. Student Health insurance can be less that $800/year. Example at UCR
  4. College Board provides Trends in College Pricing 2008. Focus on the Living
Background and Context.
Most are aware of the large cohort of  79 million "Baby Boomers"(b 1946-1964) that are staged to retire, beginning now. This population bubble, or age wave,  or Tsunami has shaped many aspects of our economy and culture since 1946. It has driven our views on the world, politics, education, the environment, work, and technology. This cohort is now entering their 60's. will undoubtedly continue to change and shape the economy over the course of the next 18 years.  

Our culture has also created dreams and expectations for  "retirement" that include volunteering for noble causes, traveling the world, exploring those activities they always wanted to do but never took or had the time to do, or spend additional time with family and friends. A prevalent  thought is that expenses in retirement would be paid for from the 3 legged stool, or some combination of pensions, Social Security and earnings from accumulated wealth (mainly real estate and 401K , IRA's, etc).  However, for many, company pension plans have vanished, home values have dramatically declined and tax deferred investments have plummeted in value. It's time for plan B.   

Our social expectations for  "retirement" were created at a time when people would typically work until the age of 65, and die shortly after, perhaps at the age of 67 or 68. The updated reality is that people live longer than they used to, with average lifespans now around 80. Some are projecting that lifespans will increase to 100, perhaps as soon as 2030. This is a game changer.  

Are we as individuals, or as a culture prepared to sustain an acceptable standard of living for our extended lifespans?  What should we do to deal with our extended lifespans? What will we do when we fully realize that at 50, we are only 1/2 way through life? Will our children be burdened us? Can we really expect to live on the dole for so long?

Consider those in their 50's. Many married and had children, creating a demand for those 4 bedroom homes in the suburbs with good schools for their children. When they purchased them, many thought they would live in them for the rest of their lives. They would stay happily married, and the grandchildren would come and visit them on weekends. But 50% of them divorced, and their children found jobs thousands of miles away. Are you stuck in the past? 

Housing, food and transporation typically make up 60% of expenses. 

Does it really add value to your life having a large home? Large homes require more gas and electricity to heat and cool them, even after the children have moved out. How much value does your personal yard add to your life? Why do you consume and pay to water a yard, so that it will grow, only to pay for a gardener to maintain it, and then pay for it to be hauled away?

In a university lifestyle, your personal space is less, but your public space is greater. Want a yard? Go stand in the football field or sit in the campus parks and open spaces. Do you really need 4 bedrooms for yourself? Why not have 1 bedroom? Why not share utilities, cable, internet and phones. Isn't it more valuable to sit in a living room with others, prepare and eat meals with others?

Is it really necessary and valuable to pay for the expense of vehicles? Do you need a high paying job so that you can pay to get back and forth to work? How much are you paying to go to work? While the total cost of ownership of a vehicle can vary widely it can cost $.50 to well over a $1.00 per mile. You can check out the true cost of ownership here and do your own calculations. Many people drive 15,000 miles per year to get to and from work. So, at $1.00 per mile, it costs $15,000  for the privilege of spending life, fighting traffic.  

A university lifestyle, for many eliminates or dramatically reduces the cost of transportation. Many students do not even own a car and find really inexpensive, often free ways(not freeways) to get around. 

Who might want a "University Lifestyle"?
Those who:
  • Are not overly attached to their jobs, community or homes. 
  • Do not have children or parent dependents at home.(Empty Nesters)
  • Are at mid life and in reasonably good mental and physical health.
  • Still have some accumulated wealth through home equity and retirement savings.
  • If a couple, this is a desirable option for both.
  • It's easier for those who already have a college degree (30% of adult population)
  • Enjoy life long learning, in an inter generational, university setting. 
  • Want an "Encore Career", and want to find work that is more meaningful.

Other Paths

There are, of course, many different ways to change careers and lifestyles. This site focuses on just one them.  Civic Ventures and Encore share many inspiring success stories of people who have made the transition and have found continued income, while doing work that is both personally fulfilling and also addresses some of society’s biggest challenges.













Michael Shapiro on Aging Populations



Subpages (2): Cultural Views Economics
Comments