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Topic- Economics of aging
World Economic Forum: How to boost financial resilience
A new World Economic Forum report shows how innovation is reshaping economic resilience in aging societies. With demographic shifts accelerating, businesses, policymakers and institutions must adapt financial and social systems for long-term sustainability. Developed in collaboration with consulting company Mercer and more than 50 public and private sector organizations, the report highlights key trends and solutions to help societies navigate this transformation. There's plenty of context and ideas of potential interest to active-aging community management.
moreEconomics of aging
Stats: 84% of US voters support tax credit for family caregivers
Tax relief for unpaid family caregivers who work should be a top tax priority for the US Congress, according to a recent AARP Research survey reported by Jennifer Sauer. On average, unpaid family caregivers spend $7,200 a year out of their own pockets on their caregiving responsibilities while also juggling work responsibilities, according to AARP.
moreEconomics of aging
Stats: 88% of workers 50+ report job satisfaction
More than two-thirds of those who are working after age 50 said that working boosts their physical health, mental health, and/or their overall wellbeing, according to the latest report from the University of Michigan National Poll on Healthy Aging, which is packed with data on close to 3500 respondents ages 50 to 94.
moreEconomics of aging
Stats: 44% of 50+ adults expect to relocate
While the majority of older adults want to age in place, either in their current home (75%) or in their community (73%), many are realizing that this may not be possible. A new report from AARP reveals that 44% of adults ages 50+ anticipate moving in the future to a more affordable home. The report offers additional insights for active-aging management, including community features that are important to both younger and older adults -- e.g., affordable, accessible housing, transportation and healthcare; accessible public spaces, and opportunities for social engagement and work.
moreEconomics of aging
Stats: 90% of adults 65+ take prescription meds
A new report from the US Centers for Disease Control and Prevention (CDC)'s National Center for Health Statistics highlights that about 1 in 5 older adults do not have insurance coverage for prescription drugs. And even for those with a prescription drug plan, paying for medications can be expensive. As a result, some older Americans are skipping doses or delaying refills to save money. This is something active-aging organizations may want to check on among their residents and members.
moreEconomics of aging
Multigenerational workforce wants stronger US retirement system
Just one in five US workers (20%) is "very" confident they will be able to fully retire with a comfortable lifestyle, according to "The Multigenerational Workforce: Life, Work, and Retirement," a recently released report from nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica Institute®. The report is based on findings from a 2023 survey that included more than 5,700 US workers in for-profit companies, and it can provide organizations with insights regarding their staff, as well as residents and members. It features comparisons of responses by Generation Z, Millennials, Generation X, Boomers.
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