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.
June 6, 2015
Extra cash. Steady income no matter how long you live. No need to repay. Both explicitly and implicitly, reverse-mortgage pitches often make the equity-tapping loans sound like a risk-free answer for borrowers facing a shortfall in retirement income. But they have a failure rate of about 10 percent, far beyond those of conventional mortgages. That's one reason the Consumer Financial Protection Bureau moved Thursday to advance its campaign aimed at ensuring that homeowners understand their risks, as well as their benefits.
May 5, 2015 |
Stephen Kaye's perch as the leader of a global human resources consulting firm puts him in a position to see the psychological aftermath of one of the biggest economic events of our time - the recession that officially ended in 2009 but lingered much longer. On Friday, the U.S. Labor Department will issue its closely watched employment report, and if recent trends hold, it will be positive - more jobs, fewer unemployed, and a declining unemployment rate. "We're kind of happy about the way things are going because finally the world is getting ready for what we do in the sense that the people agenda is now much more on the CEO agenda than it ever was before," said Kaye, 50, chief executive of the Hay Group.
April 20, 2015 |
What are you going to do with all your stuff ? Baby boomers amassed serious assets during their lifetimes. Say you want to leave your children and grandkids some personal belongings - art, furniture, books, sterling silver and collectibles. Often that's done through a will. But it's best to have "the talk" while you're alive. Perhaps more than one child wants something with memories: mom's cookie jar, dad's pipe, or grandma's overstuffed chair. Welcome to an inheritance minefield.
April 15, 2015
I AM DEAD. I am in my casket, I am in a dress shirt, tie and sports coat. This is my funeral. People are saying nice things about me. At least I think so. I can't hear. Showering accolades on the departed is mandatory, right? No lie detectors allowed. Remember Mark Antony spilling about Caesar? (Not implying I am Caesar, but I do carry a toga well.) What a shame the deceased can't hear this - the impact he had on lives, the good works she inspired, the causes fought, the memories created.
April 12, 2015 |
I have always called them "the pigeonholers" - the social scientists who spend their days fitting Americans into categories and coming up with names often as strange as the ones home builders apply to new subdivisions. Chases and meadows and glens, oh my. The generational appellation that has always left me laughing is the "Silent Generation," those born between 1925 and 1945. My father was born in 1925, and the one thing I would never accuse him of being was silent, especially when my sisters and I behaved in a manner he deemed inappropriate.
December 22, 2014 |
Doylestown homeowners Stacey Starcher and her husband, Bob Carlson, updated their master bath with elements of universal design - and liked the result so much they redid the rest of the bathrooms in the house. Their master bathroom had sported a whirlpool tub that had come with the 22-year-old house. Contractors and homeowners are ripping out these monsters, since they present a fall risk to baby boomers and the elderly. "Universal design" promotes and adopts ideas that work safely for an older customer but aren't obvious.