Retirement villages have had their day: Baby boomers are rethinking retirement

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By 2030 all baby boomers will have turned 65 and Generation X will start their contribution to the expanding older cohort.

 Retirement villages — walled, gated and separate seniors’ enclaves — have had their day.

The word “retirement” is redundant and engagement between people of all ages is high. That’s how participants in the Longevity By Design Challenge envisage life in Australia in 2050.

Their challenge was to identify ways to prepare and adapt Australian cities to capitalise on older Australians living longer, healthier and more productive lives. Their vision, outlined in this article, offers a positive contrast to much of the commentary on “ageing Australia”.

We have been repeatedly warned about a looming “crisis” when by 2050 one in four Australians will be 65 or older. They have been portrayed as dependent non-contributors, unable to take care of themselves.

This scenario of doom is based on underlying assumptions that everyone over 65 wants to, can or should stop any kind of productive contribution to Australia.

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Boomer homes to flood US market, but who will buy them?

Baby Boomer home sales will flood the housing market: Report

Baby Boomers’ homes will be sold on a large scale over the next 20 years, but with millennials refraining from home ownership, who will be buying them?

The U.S. housing market is on the verge of being inundated with homes for sale on a scale that hasn’t been seen since the housing bubble in the mid-2000s.

The tsunami is being driven by a grim reality: Baby Boomers dying.

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Baby Boomers on a drinking binge

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New research shows that one in 10 of them over 65 engages in college-style drinking behavior

Binge drinking is often portrayed as a college thing. But this risky form of imbibing actually declined among U.S. university students from 2005 to 2014. It is now most prevalent among people from 25 to 34 and is increasing among people over 50. And new research finds that 10.6% of seniors 65 and older are binge drinkers — though the actual total is almost surely higher.

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Americans spend far more time on their smartphones than they think

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If you wonder why you never have any time to do anything, you might want to look at the culprit that is causing the time suck: Your smartphone.

Almost everyone uses smartphones nowadays, they have become a major, vital part of our lives. They help us stay connected to everyone we need to. But how do our smartphone screen time habits vary across the US, and across different age groups?

A new study by St Louis-based senior living community provider Provision Living took a look at American’s smartphone habits.

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Baby boomers upend the workforce one last time

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 As older workers look to retire, companies reckon with how to replace departing skill sets

Baby boomers are entering their final years in the workforce, and their relationships with their employers are changing. Some companies are considering offering older workers partial-year employment and shorter hours.The youngest baby boomers are around 55 years old. The oldest are in their 70s. MostAmericans don’t remember a workforce without the largest generation.

And yet, as boomers enter their final years in the workforce, their retirements are taking companies by surprise.

In the next five years, almost three-quarters of the companies surveyed in 2018 by Willis Towers Watson, a risk-management and insurance brokerage company, expect to face significant or moderate challenges from late retirements. But because nothing is predictable, a significant share are also worried about early ones.

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Teens trust driverless cars: Older folks, not so much

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A poll shows the plain truth: The youth of today is much more willing to get behind the wheel (but not use the wheel) of a driverless car than any other age group.

In a poll featured on Statista and conducted by iAccenture and Harris Interactive of 21,000 respondents ages 14 and up, people were asked if they were willing to be passengers in a so-called self-driving vehicle—a.k.a. an autonomous car.

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At what age do you become ‘old?’ Here’s what four different generations think

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If age really is just a number, what number marks old age? Well, the answer to that depends on how old you are now.

Millennials hold the least generous views on aging, saying that you are old beginning at just 59, according to a new study by U.S. Trust. Older groups, however, put the starting point further out.

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The science of viral content: Why people share?

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Campaigns that succeed are those that carefully consider what makes content go viral. Does your marketing to-do-list include creating the next viral hit? If you’re in the marketing or social media industry, the answer is probably “Yes!” (and if you’re not, and the answer is probably still “Yes!”).

 

 

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Here’s what you might have missed about the U.S. jobs report

Like the unemployment rate, the employment-population ratio is also affected by labor participation.

The US jobs report last week added to a long string of lackluster monthly installments of data, but at least one thing has been looking up: The unemployment rate is ticking down steadily, dropping almost a tenth of a percentage point with each new report.

 

 

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Baby boomers are the driving force behind ‘big data’ demand

Baby boomers represent the largest generation driving rapid growth in data demand.

No matter what generation we are we usually see young adults, who are tethered to their mobile device for texting, gaming and surfing the web, as the drivers of our new data-driven world. But surprisingly, baby boomers — aged 46 to 64 — represent possibly the largest generation driving rapid growth in data demand.

 

 

 

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