As people born between 1965 and 1980—also known as Generation X—approach retirement age, a new study finds them unprepared financially. The study from the National Institute on Retirement Security (NIRS) sees “dismal” prospects for the so-called Forgotten Generation compared with more financially influential baby boomers. “The leading edge of Generation X will enter retirement in…
Less Than 60 Percent of Baby Boomers Own Retirement Accounts
Millions of working-age Americans aged between 56 and 64 are edging closer to retirement without having savings stashed away. Census data for 2020 shows that less than 60 percent (approximately 58.1 percent) of American “baby boomers”—generally defined as those born between 1946 to 1964—owned a retirement account three years ago, at a time when the COVID-19 pandemic…
Baby Boomers Replace Millennials as Nation’s Top Home-Buying Generation
A just-released study by the National Association of Realtors (NAR) indicates baby boomers have now surpassed millennials when it comes to home-buying in the United States. In its 2023 Home Buyers and Sellers Generational Trends Report, the NAR indicates the boomers, aged 58–76, comprised 39 percent of all homebuyers at the end of 2022—a 10-point…
Building Bridges: Adults Young and Old Are Natural Allies
In the 21st century, division has become as American as mom and apple pie. Red states and blue states, left and right, black and white, male and female, rich and poor: Our culture teaches us to judge others by such criteria as skin color, where we went to school and the work we do, and…
How Pre-Retirees and Retirees View the Future
When thinking about retirement, it all comes down to finances. After all, there’s a particular lifestyle that people have become accustomed to. A lot of emotional and financial planning goes into retirement. Most baby boomers are already there. So, how’s retirement for them? And what about the Generation X group? They’re planning retirement. How are…
Silver Economic Power: Seniors and Disposable Income
August 31, 2022
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Baby BoomersBrightbudgetingBusiness & MarketsFuture PlanningLifestylemillennialspersonal financeretirementseniorsSocial IssuesspendingUSUS Features
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More than 34 percent of the U.S. population is over 50, and the over-65 demographic will increase 65 percent by 2030; seniors are living longer and spending more. Many retirees can expect to live 10 years longer than their parents. And these aren’t frail retirees. These seniors tend to work later and play harder. From going…
Millennials Set to Overtake Baby Boomers in Australia
Australia’s population is going through a generational shift, with the baby boomers no longer being the largest demographic in Australia as the cohort continues to shrink while the millennials expand through migration. According to the 2021 census, baby boomers and millennials now each has over 5.4 million Australians, or 21.5 percent, tieing first as the…
Hoag Expands Services for Booming Senior Population
June 21, 2021
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aging populationBaby Boomershealth needshealthcareHoaghoag at homehospitalsLocal Newsnewport beachOrange CountyRegional-Local NewsSouthern CaliforniaUS
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NEWPORT BEACH, Calif.—In response to increasing demand in Orange County from a rising population of seniors wishing to receive care in their own homes, Hoag Memorial Hospital Presbyterian has launched Hoag at Home. “We want patients to have the same quality, compassionate experience that they receive if they visit their doctor’s office, have an outpatient…
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