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.
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.