November 16, 2014 |
Retirement could be dicey for debt-laden and risk-averse millennials - the generation that started coming of age around the turn of the century. But there's some hope. "Retirement coach" Jacob Gold writes in this USNews.com post that millennials looking at retirement - three decades away or more - know they won't arrive at that distant horizon with a safe company pension. They need to be putting money in 401(k)s, taking advantage of any matching funds their employers put on the table, and investing the savings aggressively.
October 22, 2014 |
Baby boomers took over Hollywood in the 1980s. And boy, did they like making films and TV shows about themselves - The Big Chill , Family Ties , China Beach - packing them to the gills with hippie anthems. The Wonder Years , a half-hour dramedy about the Arnolds, an average American family of five living in the 1960s, was no exception, opening with Joe Cocker's version of the Beatles classic "With a Little Help From My Friends" as its theme song. Time Life has released a complete collection of the series, featuring all of its original music, in a 26-disc set packaged in a little replica school locker.
October 22, 2014 |
LOOKING TO get into a growth industry? Two words: hoarding cleanup. "Grief and time is what causes hoarding," proclaimed Matt Paxton, during a recent visit to Philadelphia. "The elderly just happen to have more time. " And, one might argue, more reasons to grieve. "Not all old people hoard . . . but the issue is, the population [of elderly] is getting ready to triple. In 30 years, 35 percent of the country will be over 65. We're gonna have more hoarders. "In 20 years, I'm gonna have a bunch of Beanie Baby hoarders.
October 20, 2014 |
Philadelphia, your moment has arrived. Billionaire-deep wallets and millennial minds are descending on the city Sunday for the start to the first Forbes Under 30 Summit, where tycoons and start-up stars will mindmeld with young entrepreneurs in what organizers hope may become an annual East Coast version of the South by Southwest Festival in Texas. The exclusive event kicks off with a concert in Northern Liberties on Sunday featuring Wiz Khalifa and others. It continues through Wednesday with TED-like talks at the Convention Center, tours of budding commercial and tech enterprises across the city, and visits by Forbes honorees to seven schools.
September 6, 2014 |
There was plenty of bad news and a little good news in the latest report on America's weight problem. In their annual look at the state of obesity in America, two major foundations concluded Thursday that obesity was stabilizing in the U.S. but that we're still way too fat. There are still troubling racial and economic disparities when it comes to obesity, a risk factor for serious, expensive health problems. Baby boomers are the fattest generation. Children seem to be doing better.
June 11, 2014 |
U.S. Sen. Robert P. Casey (D., Pa.) introduced legislation Monday intended to boost the number of primary care physicians, to meet the future needs of veterans and baby boomers. In a news conference at Thomas Jefferson University Hospital, he unveiled the Resident Physician Shortage Reduction Act, which would remove the cap on the number of federally funded resident training positions at teaching hospitals in the country. Casey cosponsored the bill with 11 other Democrats, including Majority Leader Harry Reid (D., Nev.)
March 19, 2014
IT'S NO SECRET that many members of the so-called millennial generation are struggling financially. They may be the first cohort to end up worse off than their parents. The sheer number of millennials - about 80 million - makes them a significant force in the U.S. economy. But many of them have trouble accurately answering basic personal-finance questions, spend more than they make and are worried about their debt, according to a new survey by the Investor Education Foundation of the Financial Industry Regulatory Authority.
January 23, 2014 |
When Karen Balentine suddenly lost her husband to a heart attack in 2010 after 47 years of marriage, she was devastated. About a year later, though, she decided it was time to move on - and went online to do it. About the same time, Calvin Hubbard, 64, was grieving the loss of his wife, who died in November 2011. He had met her on the Internet, "and for 13 years it was a terrific marriage," he said. So, feeling lonely and hoping to make new connections, he turned to the Web again, though he wasn't looking to get married just yet. Balentine, now 71, and Hubbard were matched in 2012 on ChristianMingle.com, both agreeing they would be friends at first and go on "doctor dates" - he would drive her to medical appointments.
November 23, 2013 |
I was 10 when JFK was shot, so my "where were you?" memories are vivid. "Mom! Mom!" I shouted as a flashback film clip of a Kennedy interview flickered on the Motorola's minuscule screen. "President Kennedy's alive again!" I giggled. "He's sitting up in his coffin!" My fifth-grade wit earned not the applause I was going for, but my first (and, thus far, only) slap in the face. My mother was crying. It was abruptly clear that the black-and-white tragedy on TV had touched our family's heart.
May 21, 2013 |
NEW YORK - Baby boomers preparing for retirement are driving a surge in small-business sales, as they find more and more buyers confident enough in the improving economy to expand their own businesses through acquisitions. In the first three months of this year, the number of sales that closed jumped 56 percent from the same time in 2012, according to BizBuySell.com, an online marketplace for small businesses. Retirement was the No. 1 contributor to business sales in the fourth quarter of 2012 and the first quarter of 2013, according to a survey by Pepperdine University and two trade groups, the International Business Brokers Association and M&A Source.