Over the next twenty years, the population aged 65 and over is expected to grow from 48 million to 79 million. Meanwhile, the number of households headed by someone in that age group will increase by 66 percent to almost 50 million—with the result that by 2035, an astounding one out of three American households will be headed by someone[Read More…]
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…]
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…]
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…]
A report by Mumsnet and Ipsos MORI reveals that, while the media and the public identify Baby Boomers (50-69-year-olds) as the most fortunate generation, conversations with Generation Xers (36-49-year-olds) show that they also recognise their own good fortune in enjoying many of the same benefits (free university education; a slice of property market profits) as their predecessors, but experiencing little[Read More…]
Baby Boomers who have held down jobs and contributed to the well-being of New Zealand through their taxes may yet become homeless in late middle age or early retirement without urgent Government action, says The Salvation Army. The latest report from The Salvation Army’s Social Policy and Parliamentary Unit, Homeless Baby Boomers, reveals only 62 per cent of Baby Boomers[Read More…]
Two inexorable and intersecting demographic trends are already defining the 21st century: rapid urbanization and an aging population. The world’s cities must meet the challenges posed by these changes to compete on a global scale. Widely accepted statistics bring these challenges into clear focus. By 2030, more than 1 billion people — one in every eight — will be aged[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…]
The 50+ population has $3.6 trillion in annual income, which accounts for 49% of all after-tax income in the U.S.1 So marketers are making a mistake if they shift their entire focus to the shiny penny of millennials, underestimating the value of respectfully building relationships with customers of all ages and of understanding the precious balance between personalization and privacy.[Read More…]
The U.S. baby-boom generation (people born from 1946 to 1964) is the biggest generation in U.S. history, making up close to 25 percent of the total population in 2013. This infographic illustrates data on how these baby boomers are faring as they age into retirement.
