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Topic- Economics of aging
Surprising truth about intergenerational wealth transfer
"Boomers are rolling in financial assets. But they are probably going to spend all their savings before they can pass anything down to their children," writes Ann C. Logue for Business Insider. In a fascinating and timely article, with links to relevant studies and related resources, Logue documents why the "great wealth transfer" from Boomers -- who currently hold about half of US wealth, although they make up only 17% of the population -- to their families is unlikely to take place, and if it does, why the main beneficiaries will be those who don't actually need the money.
moreEconomics of aging
Stats: 42% of retirees fear loss of Social Security
A recent research report describes the retirement insecurities of retirees and age 50+ workers. It can provide valuable insights into current and future active-aging customers.
moreEconomics of aging
Stats: 30% of pre-retirees face worse health, economic status
The expected health and economic well-being of Americans nearing retirement age in the lower half of the economic distribution today is no better than that of their counterparts more than two decades ago, a recent study shows. The findings have implications for the senior living market and employers.
moreEconomics of aging
Tech Talk: 2023 Fintech for Aging and Longevity map launches
Fintech4Longevity recently posted an interactive map that provides a detailed overview of start-ups in the field of longevity and finance. The company curated the ecosystem map with a specific focus on highlighting start-ups that intersect longevity and finance, while also supporting technological advancements in the realm of finance and fintech. It's worth a look for the depth of information and insights into how potential customers might expand and extend their income and equity, as well as resources for potential collaborations around financial education.
moreEconomics of aging
OTC hearing aids cost-effective, expand access
Over-the-counter (OTC) hearing aids, recently available in the United States, were associated with a greater uptake of hearing aid use and were cost-effective over a range of prices. However, the benefits depend on how beneficial the OTC aid is to a patient's quality of life -- i.e., more than 55% compared to a traditional hearing aid.
moreEconomics of aging
Stats: 10% of 50+ population are solo agers
About 10% of the 50-plus population are solo agers – that is, older adults without a partner or children -- according to AARP's Solo Agers Survey. For the most part, these solo agers are enjoying their lives, according to the survey. They enjoy the independence that living alone affords them, and about half (49%) are somewhat or extremely optimistic about their quality of life compared to 59% of adults 50-plus overall. They could be a growing customer base for independent living, as these findings show:
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