May 17, 2012 |
DEAR ABBY: "Searching for ‘Me' in Texas" is not alone! A wave of 78 million baby boomers will soon leave 30-plus-year careers and are looking forward to an estimated 20 more years of life. A vast majority of them are looking for meaningful opportunities for the second half of their lives. "Searching" should seek out a nonprofit organization for a cause she's passionate about and offer her skilled services. If "Searching" doesn't need an income, she can volunteer. Finally, instead of seeking a graduate degree, she could look at her local community college and find noncredit classes that interest her and participate without the pressure of credited course work.
May 3, 2012 |
Jen Lancaster is up on her high horse again. Fans of the witty memoirist are delighted to see her back in the saddle. Her just-published book, Jeneration X (NAL, $25.95) is a plea for her contemporaries to stand apart from the willfully infantile generations that bracket them -- the boomers and the millenials -- by acting like adults. "We're differentiating ourselves by becoming the only grownups in the room," says Lancaster. "We're tired of seeing all these baby boomers running around talking about their feelings and these Gen Y kids that you have to constantly coddle or they'll have a meltdown.
February 21, 2012 |
WASHINGTON - Deaths from liver-destroying hepatitis C are on the rise, and new data show that baby boomers are most at risk. Federal health officials are considering whether anyone born between 1945 and 1965 should get a one-time blood test to check if their livers harbor this ticking time bomb. Two-thirds of people with hepatitis C are in this age group, most unaware they have a festering virus that takes a few decades to do its damage. The issue has taken new urgency since two drugs hit the market last summer that promise to cure many more people than ever was possible.
November 30, 2011 |
Baby boomer women might not want to wear their daughters' jeans and men may refuse to don muscle shirts, but the generation that brought us tie-dye still wants to remain fashionable and hip well into middle age. How to monetize that desire is both a marketer's conundrum and dream. "Even with mature figures, boomers want to have fashionable options," says Roseanne Morrison, fashion director for the Doneger Group, an industry consultant. "That doesn't stop just because you hit a certain age. " The problem is, designers and retailers often don't know how to reach a demographic that is varied, numerous, and affluent.
November 27, 2011
Nicole Gelinas is a City Journal contributing editor and a fellow at the Manhattan Institute Aging members of America's middle class worry about retirement, and for good reason. When the TV talking heads aren't reminding us about plummeting house prices, they're speculating about not whether but by how much politicians will cut Social Security and Medicare benefits. And the financial and economic crises of the last several years have left the country 10 percent poorer, obliterating $6.1 trillion in wealth, a healthy chunk of which was in retirement savings.
November 20, 2011 |
Baby boomers fully embraced the stock market by riding its ups and downs throughout their peak income years. But now that the oldest boomers are turning 65, their focus has turned toward ensuring a steady income from their investments. And they're likely to find the answer is to put money in bonds rather than stocks, as recent market volatility shows. Broadly diversified bond mutual funds have provided investors an average annualized return of nearly 5.6 percent over the last five years.
November 11, 2011
In the Region A.C. casino revenue falls yet again For the 38th consecutive month in October, Atlantic City's casinos brought in less gambling winnings than they did a year earlier. The city's 11 casinos saw their winnings in gambling slip to $262 million last month from $284 million in October 2010, a 7.9 percent slide. Only the Borgata and Resorts Casino Hotel had better results than a year earlier. Trump Plaza and the Golden Nugget - which was known as Trump Marina until May - were the biggest losers at 30 and 28 percent, respectively.
November 3, 2011 |
Facing diminished job opportunities and heavy student-loan debt, today's 20-somethings may be more downwardly mobile than their parents. That's the grim news from a new study, "The Economic State of Young America," released Wednesday by a progressive think tank called Demos, and a youth-advocacy organization known as the Young Invincibles. Making things worse for young people is the recession and its dismal aftermath. "The Great Recession has intensified the impact of 30 years of negative economic trends across young Americans' lives," the Demos report says, adding, "Almost all young people make less than the previous generation at the same age. " The report also includes the results of a national poll of young people showing that 48 percent of the millennial generation (born between 1977 and 1993)
October 27, 2011 |
WASHINGTON - Many baby boomers say that they're likely to stay put in retirement amid a shaky economy. Those who hope to buy a new place are looking for a smaller home somewhere with a better climate that's more affordable and close to family, a new poll finds. The 77 million-strong generation born between 1946 and 1964 is increasingly worried about retirement and their finances in light of the economic crisis of the past three years. Just 9 percent said that they are strongly convinced they'll be able to live comfortably when they retire, according to the Associated Press-LifeGoesStrong.com poll.
July 31, 2011 |
WASHINGTON - The "golden years" may lose some luster for many baby boomers worried about the financial pressures that come with age. Many of the nation's 77 million boomers are worried about being able to pay their medical bills as they get older, a new poll finds. The concern is so deep that it outpaces worries about facing a major illness or disease, dying, or losing the ability to do favorite activities. Another major concern among the boomers: losing their financial independence.