August 22, 2016 |
I know, we are all getting tired of talking about nothing but millennials - unless, of course, you are a millennial. But when it comes to the economy, the transition to one that is millennial-driven is well underway, and the trend will continue for quite some time. That's actually a very good thing for the Philadelphia economy. Believe it or not, this region has almost all the qualities millennials look for when considering where to live. Unfortunately, that fact remains a secret - something we have to change.
July 10, 2016 |
The venerable Counselors of Real Estate is a group of 1,000 individuals, invited to join, and considered the crème de la crème of the industry. Every year, the counselors come up with a list of the top issues facing real estate, and 2016-17 is no exception. Here is some of what the counselors are predicting about the residential real estate market. Age matters. Millennials have overtaken the baby boomers in sheer numbers, but both groups remain substantial real estate consumers.
April 4, 2016 |
Older individuals are reinventing themselves by going back to the classroom. And in college-rich Philadelphia, they and their tuition dollars are welcome on campus. Some are like Howard Magen, a retired CPA who audits classes he loved during his original college days. Others are baby boomers facing retirement who want that longed-for degree before they run out of time, or to stay competitive in the workplace. Take Wanda Amaro, a human-resources executive who is earning her bachelor's degree at age 53. Many colleges offer low-fee or even free classes for seniors.
March 20, 2016 |
By late Thursday afternoon, the NCAA tournament was raging. Social media was aflame with March Madness, and all throughout America, brackets were being scrutinized like eye charts. Bars, restaurants, dens, even normally staid offices had come alive. And on a TV in the deserted furniture section of a dying mall department store, an old man watched an exhibition game between the Phillies and Rays. The tableau spoke volumes about aging Baby Boomers and the aging sport they cling to. "Baseball is tired," Bryce Harper, the Nationals' 23-year-old superstar, said recently.
March 6, 2016 |
The lawyer knew something was wrong with her 61-year-old mother. She had begun showing up for appointments two hours early. Or two hours late. She was paying less attention to how she looked. She'd had two wrecks in quick succession on her way to work as a judge's administrative assistant. The lawyer, who works in a small town on the outskirts of Baltimore, knew her mother drank a fair amount at night, but she also knew her mother was still getting promotions. She suspected depression.
December 28, 2015 |
The conventional wisdom is that millennials are not as enamored of cars as Generation Xers such as myself or Baby Boomers who came before us. These kids today get their driver's licenses later than age 16 - if at all - and spend all their time with (pauses to ask 15-year-old Sturgis Kid 4.0 what kind of phone he's using) their Samsung S6s. That is, when we're not yelling at them to stay off our lawns. But there's still that segment of young America that spends its time creating new car designs, often while daydreaming in math class or ignoring the latest English lesson.
December 27, 2015 |
After the last of the baby boomers become fully eligible for Medicare, the federal health program can expect significantly higher costs in 2030, because of the high number of beneficiaries and because many are expected to be significantly less healthy than previous generations. The typical Medicare beneficiary who is 65 or older then will more likely be obese, disabled, and suffering from chronic conditions such as heart disease and high blood pressure than those in 2010, according to a report by the University of Southern California Schaeffer Center for Health Policy and Economics.
August 3, 2015 |
First in an occasional series. Baby boomers, the generation that brought America cable television, middle-class pot smoking, and the two-car garage, are now bringing the nation the jobs of the future. The boomers, as they grow older and more infirm, will need home health aides, personal care aides, registered nurses, and physical therapists - jobs that the U.S. Bureau of Labor Statistics says will be among the fastest growing in the next seven years. "It's about . . . these aging baby boomers," among other trends, said labor economist Paul Harrington, director of Drexel University's Center for Labor Markets and Policy.
June 18, 2015
ISSUE | ENERGY Solar, not tankers Philadelphia should be exceedingly proud that it has created a sustainable business center at the former Navy Yard. The $129 million U.S. Department of Energy Innovation Hub hosts numerous energy-efficient buildings and a 35-megawatt unregulated electric grid with leading smart-grid research. Let's hope that Philadelphia's future lies with safe, sustainable energy rather than explosive tanker cars and leaking pipelines that could endanger the city.