Tag Archives: Baby Boomers

Financial, Investing, Magazines, Previews, Retirement, Reviews

Finance Preview: Barron’s Magazine – Sept 25, 2023

September 22, 2023 She Seeks Serene Leave a comment

BARRON’S MAGAZINE – SEPTEMBER 22, 2023: The latest issue features the $50 Billion question – How Ozempic and Wegovy could break the healthcare system.

How Ozempic and Wegovy Could Break the Healthcare System

Between cost and demand, the latest breed of weight-loss drugs could transform healthcare in the U.S.—for good and ill.

How a Government Shutdown Could Hurt Retirees

Social Security checks will keep coming, but expect other complications.

China Is in Trouble, but It’s Not as Bad as Some Think

Those ready to write off the country underestimate the resources of policy makers and the power of an $18 trillion economy that is home to 1.4 billion people.Long read

This Busted Bank Merger Is Fixing Itself. Its Stock Is Worth Buying.

Four years after it was created, Truist Financial is finally dealing with the issues that have damaged it. The case for investing now.Long read

Financial, Investing, Magazines, Previews, Retirement, Reviews

Finance Preview: Barron’s Magazine – Sept 18, 2023

September 16, 2023 She Seeks Serene Leave a comment

BARRON’S MAGAZINE – SEPTEMBER 18, 2023:

Why the UAW Strike Isn’t the Biggest Issue for Ford and GM

The labor action highlights the biggest issue: Can the auto makers afford to spend what it takes to thrive in the new world of EVs?

This Highflying Defense Stock Stumbled. That’s a Reason to Buy.

The defense contractor spent heavily on acquisitions, then struggled during the pandemic. Now with new senior leadership working to fix its operational problems, its shares could fly.

Arm Is a Pricey Bet on AI

Arm Holdings closed its first day as a public company priced at more than 25 times sales and 100 times profit. It’s a pricey bet on AI.4 min

From Mom-and-Pop Shops to Powerhouses: Here Are Barron’s Top Independent Financial Advisors

With a full range of investment and planning services at their fingertips, independent financial advisors are managing more of America’s wealth. Here’s how they do it.

Unions Are Rising Up Again. The Fallout for Labor and the Economy.

The United Auto Workers strike is unlikely hurt the economy much. But it could encourage other unions to bargain more aggressively.

Financial, Investing, Magazines, Previews, Retirement, Reviews

Finance Preview: Barron’s Magazine – Sept 11, 2023

September 9, 2023 She Seeks Serene Leave a comment

BARRON’S MAGAZINE – SEPTEMBER 11, 2023:

More Americans Are Working Into Their 80s. The Future of Labor.

As the baby boomers age, it’s becoming more common for people to remain employed into their 70s and 80s. These octogenarians tell us why they still aren’t ready to retire.

Food Stocks Have Gotten Hit Hard. 6 to Buy Now.

Kraft Heinz, Kellogg, General Mills, and other leading snack makers could serve up gains of 20% or more. Their healthy dividends are a plus.

Almost All Workers Should Contribute to Roth Accounts. Here’s Why.

No matter what your current income, saving part of your retirement money in a Roth after-tax account will give you more flexibility down the road.

Aging, Business, Living, Old Age, Retirement, Reviews, Society

Reviews: “A New Way Of Thinking About Aging”

May 1, 2023 She Seeks Serene Leave a comment

“People 50 and older hold the vast majority of wealth in the country, but we’re producing products and services for people who don’t have nearly as much money to spend…”

by Alexander Gelfand

April 27, 2023: Thanks to advances in medicine and public health, people are living longer, healthier lives. The world’s population of people 60 and older is growing five times faster than the population as a whole. Global life expectancy has doubled since 1900, and experts say that children born in developed countries now have a good chance of living to 100.

A “silver tsunami” is already sweeping the U.S. labor force: the Bureau of Labor Statistics projects that 36% of people ages 65–69 will remain on the job in 2024 — up significantly from the 22% who were working in 1994.

These longer-lived, longer-working individuals generate an ever-bigger slice of global GDP and control an expanding tranche of global wealth. In her recent book Stage (Not Age), Golden estimates that the “longevity economy” is worth more than $22 trillion — $8.3 trillion in the United States alone.

That may be a conservative figure: AARP (the organization formerly known as the American Association of Retired Persons) estimates that people over 50 already account for half of consumer spending worldwide, or $35 trillion. (This range of figures may have to do with how “older adult” is defined: The term is variously used to refer to people over the ages of 65, 60, or — sorry, Gen Xers — 50.)

Aging: ’80-Year Olds On Happiness In 2021′ (Video)

Video January 4, 2021 She Seeks Serene Leave a comment

Does your grandparent hold the secret to a happier New Year? Because Americans over 80 years old report feeling happier than any other age group, we asked them to share their wisdom as 2021 begins during a time of challenge and uncertainty. These elders include cannabis comedian Tommy Chong, a psychologist, a transgender burlesque performer, and a 90-year-old nudist who lets it all hang out. Self-Evident: A PBS American Portrait Miniseries seeks to answer the question: what does it really mean to be an American today? Join our hosts — Dr. Ali Mattu, a licensed therapist and clinical psychologist and YouTuber behind “The Psych Show,” as well as Danielle Bainbridge, Ph.D., historian and the writer/creator of PBS’s “The Origin of Everything” — as they explore the lives of real Americans, living during this unprecedented moment in time.

Aging, Surveys, Technology

Boomers & Technology: “2020 Tech And The 50+ Survey” (AARP – Dec 2019)

January 25, 2020 She Seeks Serene Leave a comment

Tech ownership among older adults is growing with no signs of slowing down.

• For many devices, adoption among adults ages 50 and older is comparable to younger generations. Adults ages 50
and older are adopting smartphones, wearables, home assistants/smart speakers, and smart home technology at
nearly the same rate as adults ages 18–49.
• Younger adults have abandoned tablets, but older adults are adopting tablets at an increasing rate: More than half
(52%) of adults ages 50 and older own a tablet.
• Once adopted, usage of smartphones, wearables, tablets, home assistants/smart speakers, and smart home
technology is high with most owners using their technology daily.
While older adults are highly engaged with their devices, many are not using the technology to its full potential.
• Adults ages 50 and older are using smartphones and tablets to maintain social connections, find information, and for
entertainment, but only a few are using their device to automate their home or conduct transactions.
• Engaging in social media is one of the most common uses of a tech device (e.g., computer, tablet, or smartphone).
• Though 49% claim to own a smart TV, only 42% are using streaming or online options to watch shows.
• Nearly half (46%) of all smart home assistant/smart speaker owners do not use their device daily.

Read Report

Books, Culture, Economics, Society, Videos

Baby Boomer Economics: “Have Boomers Pinched Their Children’s Futures?”

Video January 23, 2020 She Seeks Serene Leave a comment

The post-war baby boom of 1945-65 produced the biggest and richest generation in British history. David Willetts discusses how these boomers have attained this position at the expense of younger generations.

Lord Willett’s book “The Pinch – How the Baby Boomers Took Their Children’s Future – And Why They Should Give it Back” is available now – https://geni.us/B0Gvq

Watch the Q&A: https://youtu.be/_qEjTXrQ7vs

Lord Willetts is a visiting Professor at King’s College London, Governor of the Ditchley Foundation, Chair of the British Science Association and a member of the Council of the Institute for Fiscal Studies. He is also an Honorary Fellow of Nuffield College, Oxford. Lord Willetts has written widely on economic and social policy.

His book ‘The Pinch’, which focused on intergenerational equity, was published in 2010, and he recently published ‘A University Education’. Lord Willetts served as the Member of Parliament for Havant, as Minister for Universities and Science and previously worked at HM Treasury and the No. 10 Policy Unit.

This talk was filmed in the Ri on 28 November 2019.

Aging, Culture, Journalism, Reviews

Essays: 61-Year Old Canadian Writer Don Gillmor Reflects On Baby Boomers (Maclean’s)

January 8, 2020 She Seeks Serene Leave a comment

From a Maclean’s Magazine online essay (01/08/20):

Don Gillmor in his home office Photograph by May Truong Maclean's Magazine January 8 2020 — Don Gillmor in his home office (Photograph by May Truong)

Boomers tore down institutions—divorce rates went up, churchgoing went down. We demonized the corporations that previous generations had venerated, though we bought their products in record numbers, our idealism blurring with the search for the perfect pair of jeans. We wanted it all. In place of institutions, we created the cult of the individual, our own particular Frankenstein.

So much of our music comes back to us in unfortunate ways, Dylan’s anthems barely recognizable in sappy orchestral arrangements that ﬁll the hours we spend on hold. And we seem to be permanently on hold these days. We are between 55 and 73 years old now, still deﬁning this as middle age, still a potent economic force because of our numbers, controlling 70 per cent of disposable income, though it feels to many of us that we have already disposed of it. Still, we bought houses when they were vaguely affordable. And politicians still cater to us because we vote en masse. However, we are largely left out of the cultural conversation, as music and social media continues to evolve, always leaving us one app behind the curve.

https://www.macleans.ca/

Read full article

Aging, Economics, News, Surveys

Baby Boomer Economics: American 50+ Population Would Be World’s Third Largest Economy (AARP)

December 20, 2019 She Seeks Serene Leave a comment

From an AARP.org online article:

“As the number of people over 50 grows, that age cohort is transforming markets and sparking new ideas, products and services across our economy,” AARP CEO Jo Ann Jenkins says. “And as people extend their work lives, they are fueling economic growth past the traditional retirement age.

Americans age 50 and up contribute so much to the U.S. economy that they’d constitute the world’s third-largest economy if they were counted as their own country, a major new AARP study finds.

The economic contributions of 50-plus Americans totaled $8.3 trillion last year, which puts them just behind the U.S. and China when measured by gross domestic product.

And that economic impact will grow significantly in decades to come, tripling to more than $28 trillion by 2050 as millennials and Generation Z begin to turn 50 in 2031 and 2047, respectively, the report finds.

News, Old Age, Retirement

Retirement: Colleges Cater To Baby Boomers By Building On-Campus Living Facilities (WSJ)

December 19, 2019 She Seeks Serene Leave a comment

From a Wall Street Journal online article:

More schools are building or planning senior-living facilities on or near campus to cater to baby boomers who view college as a stimulating alternative to bingo at an archetypal retirement home. Some savor the pursuit of academic and cultural interests. Others are lured by the promise of interaction with younger students, for whom many hope to act as mentors.

It is the latest way for universities to profit from one of their greatest assets, land. Colleges have already taken advantage of this privilege by developing hotels and high-end student housing. Now, some see sales of upscale senior housing as the next step.

Lasell University, just west of Boston, built one of the first on-campus senior communities two decades ago. It requires members to take 450 hours of coursework or activities each year. Other programs have since sprouted up in places like the University of Michigan and Oberlin College in Ohio. Some communities are on campus; others are situated nearby and may have only a loose affiliation with the school. Many offer assisted living and nursing options.