For African-American strivers, hypertension and other health problems may be linked to racism, not race.
Given a choice between satisfying our immediate needs and desires or focusing on the future, the here and now typically wins out. That impulse doesn’t bode well for retirement savings. Here are some strategies to motivate yourself to save more sooner, drawing on the latest behavioral research.
You probably have a picture of a nursing home in your head: It’s a hospital-like institution, maybe a little smelly, with long hallways, old people slumped around a large nurse’s station, harried staff and a set schedule that residents — perhaps 200 or more — must abide by. The Green House is designed specifically to blow up that model, starting with the number of people who live in it: 10.
Read the full article at Politico.
If you’re an American retiree worried about outliving your savings, you may have an (unwanted) edge compared to retirees in other countries: U.S. retirees are expected to live shorter lives on average compared to citizens of most other developed nations. That’s according to an analysis presented at the recent Living to 100 Symposium sponsored by the Society of Actuaries (SOA).
Read the full article by Center on Longevity Research Scholar Steve Vernon at CBS MoneyWatch.
Many financial advisers recommend that workers aim to save between 10 and 15 percent of their pay. But other experts say millennials should save much more, up to nearly a quarter of their income, to avoid running out of money in old age if stock market returns fall.
Read the full article at The Washington Post.
Despite its dangers, the gene appears to protect the brain from parasites.
Read the full article at The Atlantic.
You have probably heard it yourself: the impression that millennials are financial freewheelers. The theory goes that today’s 20- or 30-somethings spend with little regard for savings and even less regard for retiring.
Retirement planning experts say that this assumption isn’t entirely accurate — though it is perennially true that most young adults don’t make retirement savings a financial priority. But, as the experts point out, millennials are in an ideal position to get started, because whatever they set aside will grow and accrue interest greatly over time.
Read the full article at The New York Times.
As the nation grapples with a devastating opioid epidemic, concerns have primarily focused on young people buying drugs on the street. But America’s elderly also have a problem. Over the past several decades, physicians have increasingly prescribed seniors pain medications to address chronic pain from arthritis, cancer, neurological diseases and other illnesses that become more common in later life.
Read the full article at Chicago Tribune.
While low-income older adults desperately need funding and support, 70% of older Americans (70 million people) do not qualify for government or not-for-profit programs but, at the same time, cannot afford expensive retirement communities or 24/7 care. These people have some resources and most want to age in place.
Read the full article at Forbes.
Some older people don’t have children or other family members to fall back on when they need care. Instead, they find that networks of friends can take up the slack.
Read the full article at National Public Radio.