Well reverse mortgages are common in many developed countries around the world. You’ve likely heard of them in the U.S. It’s a deal generally for older citizens to use their home as collateral to receive regular payments from insurers. This may sound a bit morbid, but a reverse mortgage may be a good deal for those who live long, as[Read More…]
By the early 2030s, people aged over 50 will comprise around half the adult population in the UK – a rate which is representative of the OECD family of developed nations. It is expected that by 2037 the average age of the UK population will rise from 39.7 years to 42.8 years, and the number of over-80s to double to[Read More…]
Today, over half of Australia’s adult population is over 45 years of age. And almost 40% of adults are aged between 45 and 69. This group is often referred to as the “Boomer Generation”. They are the largest generation in our history, born between 1946 and the mid – late sixties. Today, when the average age at which a person[Read More…]
Over the past 40 years, Australia has enjoyed strong economic performance, underpinned by a growing population and a series of major reforms. This economic success has greatly enhanced our quality of life. Average incomes have doubled in real terms since 1975, with this increased wealth shared broadly across the community. As a result, Australian families enjoy access to a well-functioning[Read More…]
Two important, unassailable facts underpin our 2014 “Best Cities for Successful Aging”™ report: Our nation is aging at an unprecedented rate, in a titanic shift that is creating the largest older population in history; and these mature adults live predominantly in urban settings. A product of lower birth rates and increasing longevity, this phenomenon is changing the landscape of the[Read More…]
How Americans, Germans and Italians Are Coping with an Aging Population The United States is turning gray, with the number of people ages 65 and older expected to nearly double by 2050. This major demographic transition has implications for the economy, government programs such as Social Security and families across the U.S. Among adults with at least one parent 65[Read More…]
More than eight million Baby Boomers age 50 to 64 are turning to charitable food assistance to make ends meet, according to a new report released today by Feeding America® made possible by a grant from AARP Foundation. “Baby Boomers and Beyond: Facing Hunger After Fifty” documents lack of employment, housing instability, poor health and unpaid medical bills are among[Read More…]
![Spaces for all ages in Australia [Report]](http://www.globalagingtimes.com/aging/wp-content/uploads/2015/07/space_for_all_ages.jpg)
Population, participation and productivity. These are the ‘three Ps’ which feature in Australia’s intergenerational reports as the means to ameliorate the negative economic implications of an ageing society. The 2015 Intergenerational Report (IGR) invoked the three Ps as a means to resolve the government’s self-described ‘challenge of change’. The challenge of change narrative is based around declining taxation revenue as a[Read More…]
By 2050, a full 25 percent of the world’s population will be age 65 or older, according to the Organisation for Economic Cooperation and Development (OECD). The group’s 204 page report “Ageing in Cities,” which was released in April 2015, lays out best practices and lessons learned to help cities prepare for this demographic shift.
Eighty-three percent of “Silent Generation” pre-retirees and 90% of retirees are confident that they have enough money to live comfortably until at least age 85, according to the MetLife Retirement Income Decisions Study: The Silent Generation Speaks. This national poll, commissioned by the MetLife Mature Market Institute(R) and conducted by Mathew Greenwald & Associates, Inc., gauges the income and spending[Read More…]
