News
SAN FRANCISCO CHRONICLE: Encore Career Institute to aid Baby Boomers
“Silicon Valley, Hollywood and the University of California are icons of innovation, and now their power players have combined forces to boost job prospects for America’s powerhouse demographic group – the Baby Boomers.”BUSINESSWEEK: Poizner’s Gubernatorial Miss Lands Him at Web-Education Startup
Poizner: “The bottom line behind this venture is we want to change the way employers think about boomers, and to empower boomers with the right skills and products and services to help them stay economically viable in this very difficult marketplace.”SAN FRANCISCO CHRONICLE: Encore Career Institute's real world job solutions
Poizner: “Almost every conversation about our job market however consists of a barrage of statistics and finger pointing, with no real world, practical solutions offered. It’s time to talk tangible solutions.”AARP Bulletin: School for the Second Half of Life
“In a triple-barreled initiative, Silicon Valley’s high-tech wizardry, the University of California’s brainpower and Hollywood’s marketing muscle are joining forces to help struggling older workers land jobs.”TECH CRUNCH: Online Education Firm Encore Raises $15 Million; Steve Poizner To Serve As CEO
“Encore Career Institute, a new online educational company, this morning announced that it has raised $15 million in Series A funding in a round co-led by VC firms InterWest Partners and Granite Ventures.”NEW YORK TIMES: Encore Career Institute Raises $15M to Educate Baby Boomers
“A new online education startup for Baby Boomers, The Encore Career Institute in Los Gatos, announced today that it has landed $15 million in first round financing co-led by VC firms Granite Ventures and InterWest Partners.”LOS ANGELES TIMES: UCLA Extension to offer online courses aimed at boomers
“The university’s division for continuing and professional education is partnering with Encore Career Institute to teach baby boomers how to reinvent themselves.”
Facts + Figures
ATLANTA JOURNAL-CONSTITUTION: New study: Many will have to work into their 70s and 80s to afford retirement
“Planning to work until you’re in your 70s? Unfortunately, you still may not have enough money to retire on. That’s according to a new study by the nonpartisan Employee Benefit Research Institute.”HOUSTON CHRONICLE: Baby boomers expect more out of retirement, poll says
The survey by Harris Interactive also shows that as baby boomers arrive at retirement’s doorstep, they intend to do what they have always done: change the definition and expectations of yet another stage of life.REVERSE MORTGAGE DAILY: Boomer Middle Class: 71% Worry About Outliving Money During Retirement
“The economic downturn has forced 73% of middle class Baby Boomers to rethink when they can retire, with 79% saying they will delay retirement by an average of five years according to a new report from Bankers Life and Casualty Company Center for a SecureUSA TODAY: Baby Boomers make the most of their second act
“Millions of Americans are entering the second act of their lives. The kids are grown or nearly so, and now is the time when some are venturing out to try new things.”