S.I. = 62.2 %
The age of the part-time worker?
The part time worker accounted for nearly 97% of the employment opportunities taken up last year. The time of the portfolio career is now, it is already happening without consciously or voluntarily being adopted (see previous blogs).
The worrying part of this is that the banking system has become so entrenched in offering mortgage products that rely on full-time employment (usually with both partners workers) over the now relatively short period of 25 years. People are living longer and will have no legal compunction to retire at 65 very soon. The state assistance, we had probably better get used to calling it that rather a pension, already does not appear to be given for post Baby Boomers (anybody born after 1962). Even state sector (now public sector) pensions are not as attractive a deal to compensate for the "vocational" nature of the job.
Insurance products such Mortgage Protection and Payment Protection Insurance taken out for a rainy day (or months) increasingly do not do what they claim to on the wrapper. The future may not look so bright for many who are trapped in the house as an investment rather than a home scenario at present. This dictates how flexible you can be in the choice of what you do to raise your happiness index to a 10. Many people are doing this and have been doing this for sometime, I am realising that I have been speaking to them as they have been around me for a long time.
So 21st Century Working here I certainly come! A good starting point for this is the Teleworking Association (link to blog), a not for profit type organisation of which I became a Director at last weeks' AGM. So if I do mention it you will know I am only promoting what I preach and practice myself.