With advances in medicine helping more people to live longer lives, the number of people over the age of 60 is expected to double by 2050 and will require radical societal change, according to a report released by the WHO. “Today, most people, even in the poorest countries, are living longer lives,” says Dr Margaret Chan, Director-General of WHO. “But[Read More…]
A growing share of homebuyers are millennials, and more of them are purchasing single-family homes outside of urban areas, according to the 2016 National Association of Realtors® Home Buyer and Seller Generational Trends study, which evaluates the generational differences1 of recent home buyers and sellers. The survey additionally found that although student loan debt is more prevalent among millennial buyers,[Read More…]
IRI Study Finds Few Boomers Are Confident in Attaining Financial Security in Retirement, Many Not Saving and Planning for Retirement The Insured Retirement Institute (IRI) has released a new research report that found less than a quarter of Baby Boomers, 24 percent, are confident they will have enough savings to last throughout their retirement years. This is the lowest level since[Read More…]
America’s 65-and-over population is projected to nearly double over the next three decades, ballooning from 48 million to 88 million by 2050. However, the U.S. Census Bureau projects the U.S. population will age at a slower rate compared with other countries. Worldwide, the 65-and-over population will more than double to 1.6 billion by 2050, according to An Aging World: 2015.[Read More…]
The National Association of Home Builders (NAHB) has had a long history of tracking the evolution of home buyer preferences. Builders and other industry professionals now have an opportunity to find out what baby boomers want compared to other home buyers in Housing Preferences of the Boomer Generation: How They Compare to Other Home Buyers, a study recently released by[Read More…]
The retail environment has seen great disruption from a combination of pervasive discounting, new entrants, the evolution of new technologies, and vastly changed consumer behavior. This has had an impact on consumer loyalty and made gaining share a significant challenge. Understanding specific consumer groups’ buying behaviors is more important than ever. The NPD Group and the Wharton School’s Baker Retailing[Read More…]
A stroke or dementia can lead to chewing and swallowing difficulties, also known as dysphagia. Since the ‘mash-type’ meals served are mostly unappealing and nutritionally inadequate they result in loss of appetite and finally in serious nutrient deficiency, malnutrition, dehydration and in some cases even to death. The PERFORMANCE (which stands for Personalised Food for the Nutrition of Elderly Consumers)[Read More…]
Financial Conduct Authority in UK published the “Ageing population and financial services” report. Linda Woodall (Director of Life Insurance and Financial Advice and Sponsor of Ageing Population Project Financial Conduct Authority) published this introduction of the report. People are living longer lives on an unprecedented scale. In the next five years, the number of consumers aged over 65 in the[Read More…]
The aging of the baby boom generation could fuel a 75 percent increase in the number of Americans ages 65 and older requiring nursing home care, to about 2.3 million in 2030 from 1.3 million in 2010, the Population Reference Bureau (PRB) projects in a new report. The report, “Aging in the United States,” examines recent trends and disparities among[Read More…]
How much does our age influence how we think, where and what we eat or how we save and spend? Depending on our age, our approach to something as simple as getting up-to-date news or how frequently we eat out can be drastically different. But today’s consumers are bucking yesterday’s preconceived generational notions. In fact, many older people are embracing a more technology-driven world, and[Read More…]
