As an increasing share of older Americans are turning toward other kinds of emerging jobs in order to make ends meet in retirement, many older workers are turning to jobs that don’t carry any benefits. The result of this is that fewer older workers are in more “traditional” jobs that carry benefits, while many other […]
In trying to shore up finances as a senior prepares to enter retirement, one option that can help a senior to avoid a financial crisis in the period preceding retirement can be a reverse mortgage. This is according to Mike Piershale, president of Piershale Financial Group in Barrington, Ill. in a new article at Kiplinger. […]
Parents are increasingly supporting their children financially for longer periods of time, which can serve to be a major financial disruption for seniors as they enter retirement. According to 2016 data from the Pew Research Center, living at home with parents had grown in commonality to the point that it was more likely than living […]
Nearly 50 percent of baby boomers reported that they don’t have a sufficient amount of savings to age in place in their own homes. This is according to a joint survey conducted by website Next For Me and roommate matching service Silvernest. The survey, which was conducted with Next for Me and Silvernest subscribers in […]
While more seniors today are embracing more active lifestyles and generally working longer, academics conducting research into the lives of modern older Americans are also recording an increasing trend in seniors’ embrace of debt, which has both financial consequences while also raising mental health concerns. “The median total consumer debt of households headed by someone […]
An influx of non-emergency 911 calls across the state of Tennessee is straining the resources of area first-responders, showing that there’s progress to be made in terms of allowing more seniors to age in place. According to a report in the Chattanooga Times Free Press, Tennessee State Rep. Mike Carter (R) says he wants to […]
In a Thursday tweet, Vermont Senator and 2020 Democratic presidential candidate Bernie Sanders advocated for his Medicare for All platform position by touting it as a solution to help older Americans age in place. The tweet attached a story from the Washington Post describing how the state of Maine appears unprepared to deal with the […]
The United States Congress will have an abundance of newly proposed legislation to discuss when it returns from its August recess, including several proposed bills that could have a substantive impact on American retirement. Among the provisions that will need to be debated in either one or both chambers of Congress is the Secure Act, […]
63 percent of self-employed American workers describe themselves as “looking forward” to retirement, and 26 percent say that they are “very much” looking forward to their post-working lives. The importance and form of retirement is also variably defined based on different demographics, and incorporates an increasing trend of of continuing work into a person’s senior […]
In retirement, baby boomers look forward to spending more time with their families while Gen Xers and millennials aspire to travel after completing work. This is according to the results of the Dream Retirement Survey, a multi-generational nationwide poll designed to gauge different views on retirement that vary by generational and gender divides, conducted by […]
