American Business

When you graduate from Senior High School, most individuals are age 18 and considered an adult and are legally bound by adult laws.

The second stage of life is called Preparation. It is a lifetime period whereby the individual can determine their future life and plan for the future. It is a period of time for choices, especially as to how they spend their time. The selection of an occupational career is important. Planning for future educational training is essential for everyone. The ages of 18 through 25 as young adults will focus upon work, marriage or education. Everyone will find themselves within an economic status, availability of money, and all have differences in needs, wants and desires.

The choices and sacrifices made during this period of life is critical. Time spent to acquire a marketable skill is essential for social and economic status. Time is ones most valuable assets choices and sacrifices must be made. Career goals will be rewarded financially to individuals who have acquired the essential knowledge and skills.

The third stage of life is called Accumulation, ages 25-35. Individuals will have become older and more mature. They all become pressured to acquire material goods and want special services. All cost money. They money individuals have will be in proportion to their occupational skills which are measured through their paycheck from the work they become involved with.

The fourth stage of life is called Consolidation, ages 35-45. Individuals are becoming older. Individual differences stand out and are reflected in ones standard of living. Many married couples find themselves both working and with careers. Their financial rewards will enable them to acquire material goods and services. Individuals with families have a financial cost that is characteristic to their day-to-day activities, size of family and circumstances.

The fifth stage of life is called Retirement, ages 45-65. The financial status of each individual will determine their ability to retire early or in later years. There are many economic goods and services available that cost money. Each individual will become identified as financially secure or in need of money. Needs differ among everyone.

The 2001 century will see continued advances in technology, automation, computerization, medical science and world events. All individuals will continue to be challenged with the cost of living, economic demands and health. Women will advance to higher positions of leadership. Greater attention will focus upon business ethics and strategic management. International attention will look to the AMERICAN BUSINESS as a method for achieving financial goals and individual identity.

More and more individuals are working beyond the age of sixty five (65). This is called POST RETIREMENT. Good health and mental satisfaction drive individuals to remain active within the world-of-work. Death, divorce, and desire for a better standard-of-living require individuals to remain active. The need for extra income to meet medical, educational and family needs requires the individual to work for extra income. The threats of terrorism since September 11, 2001, requires the employment of experienced older workers to replace individuals serving within the military.