Showing posts with label Baby Boom Generation. Show all posts
Showing posts with label Baby Boom Generation. Show all posts

Thursday, March 31, 2011

Generation Alzheimer's - The Defining Disease Of The Baby Boomers

Diagram of the brain of a person with Alzheime...Image via Wikipedia
The Alzheimer's Association has released a new report, "Generation Alzheimer's: The Defining Disease of the Baby Boomers," sheds light on a crisis that is no longer emerging – but here.

"Alzheimer’s is a tragic epidemic that has no survivors. Not a single one," said Harry Johns, president and CEO of the Alzheimer’s Association. "It is as much a thief as a killer. Alzheimer’s will darken the long-awaited retirement years of the one out of eight baby boomers who will develop it. Those who will care for these loved ones will witness, day by day, the progressive and relentless realities of this fatal disease. But we can still change that if we act now."

Alzheimer’s is the only cause of death among the top 10 in America without a way to prevent, cure or even slow its progression. But, while Alzheimer’s kills, it does so only after taking everything away, slowly stripping an individual’s autonomy and independence. Even beyond the cruel impact Alzheimer’s has on the individuals with the disease, Generation Alzheimer’s also details the negative cascading effects the disease places on millions of caregivers. Caregivers and families go through the agony of losing a loved one twice: first to the ravaging effects of the disease and then, ultimately, to actual death.

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Monday, February 28, 2011

The Retirement Crisis: Is the 401(k) To Blame? - CBS MoneyWatch.com

Various Federal Reserve Notes, c.1995. Only th...Image via Wikipedia
By Charlie Farrell

Baby Boomers are waking up to the fact that many of them don’t have enough money saved for retirement. So what’s the cause of this retirement mess? A popular scapegoat is the 401(k) plan. But the 401(k) has little to do with it.

Consider that it’s not just Baby Boomer 401(k) plans that are coming up short. Most defined benefit pension plans are also underfunded, just look at the mounting liabilities for public pensions that are estimated at anywhere from $1 trillion to $3 trillion.

So what’s to blame for the lack of retirement preparedness? Two things: inadequate savings and risky investment strategies.

In general, you’ve got to save between 12% and 15% of pay every year if you want some reasonable chance of retiring on an income that is comparable to what you earned prior to retirement. And by every year, I mean every year from ages 25 to 65. It takes about 40 years worth of savings, not just a couple of years.
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Saturday, February 19, 2011

Boomers Find 401(k) Plans Come Up Short - WSJ.com

By E.S. BROWNING

The 401(k) generation is beginning to retire, and it isn't a pretty sight.

The retirement savings plans that many baby boomers thought would see them through old age are falling short in many cases.

The median household headed by a person aged 60 to 62 with a 401(k) account has less than one-quarter of what is needed in that account to maintain its standard of living in retirement, according to data compiled by the Federal Reserve and analyzed by the Center for Retirement Research at Boston College for The Wall Street Journal. Even counting Social Security and any pensions or other savings, most 401(k) participants appear to have insufficient savings. Data from other sources also show big gaps between savings and what people need, and the financial crisis has made things worse.

This analysis uses estimates of 401(k) balances from the end of 2010 and of salaries from 2009. It assumes people need 85% of their working income after they retire in order to maintain their standard of living, a common yardstick.

Facing shortfalls, many people are postponing retirement, moving to cheaper housing, buying less-expensive food, cutting back on travel, taking bigger risks with their investments and making other sacrifices they never imagined.
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Friday, February 11, 2011

The Republic - A Look at the World Over 50

centreImage via Wikipedia
By Jane Glenn Haas The Orange County Register

We know baby boomers are turning 65 at the rate of one every seven seconds, but what about the 50-year-olds?

The millions turning 50 will reshape the "active aging" market to meet their own needs and desires, says Colin Milner, CEO of the International Council of Active Aging, based in Vancouver, B.C.

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Wednesday, February 2, 2011

Social Media and the Online Lives of Baby Boomers: A Conversation with Jeff Taylor, Eons.com

Much to the dismay of their children, baby boomers are online and doing more than checking out pictures of family members and exchanging recipes. Boomers are moving to online communities to help them with the daily ‘jobs’ of midlife and older age. Certainly these online jobs include the common activities of shopping and email. However, an increasing number of midlife-plus users are using social media as an important platform to research, choose, validate and adopt products and services. Living online for older users (in sharp contrast to most younger digerati) includes using the web and making new ‘friends’ to help with critical choices and behaviors that support health, caregiving, financial services, retirement planning, employment hunting and networking and yes, even fun and leisure.


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Tuesday, February 1, 2011

Some Boomers 'Retire' to Jobs that Allow Them to Help Others - USATODAY.com

By Richard Wolf

After college, Pat Daly wanted to "save the world" by working with children, but the money wasn't there. So she went into investment banking, became a director of her firm and opened offices around the world, eventually earning in the "high six figures."

Along the way, Daly got involved in philanthropy, took a course in fundraising and began to volunteer. When her job at Credit Suisse was eliminated in 2008, she chose to pursue a second career — working with kids.

WHAT GENERATION ARE YOU? Take the quiz

MORE BOOMERS: Stories, photos, videos, graphics
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Thursday, January 20, 2011

Daily Number: 80% - Boomer Gloom - Pew Research Center


As the first members of the Baby Boom generation reach the age of retirement, pessimism and gloom are pervasive on a number of fronts. While some of the negativity is related to aging -- the demands and stress related to middle age are not pecular to any generation -- Boomers have long trailed other age cohorts in life satisfaction. Currently, Baby Boomers are the most downbeat on the state of the nation. Fully 80% of adults ages 46 to 64 are dissatisfied with the way things are going in the country today -- just 15% are satisfied with the direction of the nation. While still substantial, such concern is significantly lower among other age groups: 60% of those ages 18 to 29 (Millennials) and 69% of those ages 30 to 45 (Generation Xers) are dissatisfied with the country's trajectory. Boomers also have little optimism about their personal state or their children's future. Some 21% of Baby Boomers say their own standard of living is lower than their parents' was at the age they are now, while more than a third (34%) believe their own children will not enjoy as good a standard of living as they themselves have now. Far fewer non-Boomer adults -- both younger and older -- expressed such gloom and doom. Read more
Boomer Gloom


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Tuesday, January 11, 2011

Dr. Bill Thomas on The First Crucible

TIME GOES BY | Ageism 2011

by Ronni Bennett in Time Goes By blog

A few months ago, a local TV news program reported the “plight” of a 21-year-old, disabled woman living in a nursing home here in Portland, Oregon. She “found herself,” the news anchor read from the TelePrompTer, “with an elderly roommate with no way out.”

Imagine the uproar there would have been if the anchor had said, “found herself with a black roommate with no way out.” But aside from my own email which was not acknowledged, apparently no objection was raised to this blatant ageism.

On page 4 of his important manifesto on elders titled, What Are Old People For?, geriatrician Bill Thomas notes that “[O]ld people are exposed to a bigoted ageism that is openly expressed and widely accepted.”

No kidding. I have pages and pages full of them on my computer.

Another eminent geriatrician, Robert N. Butler, who died last year at age 83, coined the term “ageism” in the 1960s. He defined it thusly in his 2008 book, The Longevity Revolution:
“Ageism takes shape in stereotypes and myths, outright disdain and dislike, sarcasm and scorn, subtle avoidance, and discriminatory practices in housing, employment, pension arrangements, health care, and other services...”

“It is identical to any other prejudice in its consequences...Anthropologist Barbara Meyerhoff speaks about 'death by invisibility' when she describes an older woman who, 'unseen,' was 'accidentally' killed by a bicyclist.”
Ageism kills more slowly too. In a live interview at the Washington Post, long-time Yale researcher Becca Levy discussed her study on whether aging stereotypes affect the health of elders.
“[W]e have found that when we activate negative age stereotypes, older individuals tend to show a decline in memory performance, self-confidence, will to live and handwriting,” said Levy.

“In contrast, we have found that when we activate positive age stereotypes we tend to find beneficial changes in these same areas.”
Negative age stereotypes are everywhere in media. With no effort at all, just my daily reading, I run across them constantly. When I remembered to do so, I saved them during 2010. Here is a sampling – about five percent of what I found. The emphases are mine.

Gabe Starosta at congress.org, in complaining about poorly designed government websites, had this comparison to make about the Social Security site:
“This site's primary audience is the elderly or those approaching social security age, and designers say the site looks like it was designed by those very same people.”
Oblivious to the fact that people 46 and older make up 44 percent of all internet users, Christopher Beam repeats this theme in a recent technology story at Slate:
“As of 2010, the most-common Caps Lock users are enraged Internet commenters and the computer-illiterate elderly.”
Old people, you see, are not only incapable of doing anything associated with computers, they are equated with rage-aholics.

The second most commonly repeated stereotype in the media is how elders dress, what they eat and when they do it – always with disdain. This is Eleanor Clift (who is old enough to know better) writing at PoliticsDaily:
"By 2050, the United States will look like Florida, with more old people taking advantage of senior-citizen discounts and enjoying early-bird suppers.”
How is this different from writing, for example, “...black people enjoying watermelon and fried chicken” which she would never write and wouldn't get past her editor if she did?
Two days ago, Dan Brown at The New York Times repeated the slam:
”On New Year’s Day, the oldest members of the Baby Boom Generation will turn 65, the age once linked to retirement, early bird specials and gray Velcro shoes that go with everything.
Don't for a minute believe Mr. Brown's use of the historical “once linked” will have any effect on the ubiquitous use of this derisive theme.

Ageism regularly creeps into stories at that supposed bastion of progressive thinking, Alternet, but this one particularly wrankled.

Because most Americans are born into a family faith, it takes of a lot of self-reflection, soul-searching, discussion and reading on religion, philosophy and atheism itself to give up belief in god. So much so, it is unlikely the young have any useful commentary yet. But Jenny McCreight seems to believe atheism's leading literary figures can be dismissed (along with gender and race) for their age:
“The individuals most commonly associated with contemporary atheism—Richard Dawkins, Christopher Hitchens, Daniel Dennett and Victor Stenger—are all male, white and, well, kinda old (69, 61, 68 and 75).”
Then there is young mommyblogger, Julie Ryan Evans, whose five short paragraphs about the arrest of a 73-year-old who had overindulged in the caffeine/alcohol beverage Four Loko, overflow with repeated sarcasm of casual ageism that taken together reveal her contempt for old people:
”Apparently the drink has crept its way off of college campuses and into the hands of the geriatric crowd...

“Now one could wonder if he just didn't know what he was drinking and the power of the stuff. The older you get, the harder it is to read the fine print and all...

“It's not surprising that the older set is jumping on the Four Loko bandwagon. Aren't they always chasing the train trend of the young?...

“But like all fad fascinations, their coolness typically comes to an end ... usually just when the older generations discover them.”
With the possible exception of Ms. Evans, there is rarely intentional malice in these writers' negative references to elders. They come about through laziness - repeating words and phrases they read every day - and convention; unless you grew up in China or Japan, you've heard old people maligned all your life without ever being told it is as hateful as racist and sexist words.

Language matters. And repetition, as every advertiser knows, establishes credibility and familiarity. With each repetition, the product, service or idea becomes more deeply lodged in one's mind until even elders themselves sometimes do not recognize, in the case of ageism, that the idea is repellent.

Such memes as computer-illiterate old people interested only in the early-bird special at Denny's are repeated hundreds or thousands of times year after year until they are no longer perceived as demeaning and become how old people are acceptably defined – along with the consequences mentioned above.

After a long list of the many different ways elders are regularly discounted in newspapers, magazines, television, movies, the internet, even greeting cards, Dr. Butler, in his book The Longevity Revolution, wrote:
“It is time to change the language and imagery of old age in the media and sensitize journalists and writers about the language of ageism.”
Journalists and writers will not do it on their own so in this new year, it is time to take up Dr. Butler's challenge. Instead of just collecting instances of ageist language for a blog post like this one, emails need to be sent to the perpetrators clearly stating the reasons for objecting to their language. Each and every time it happens.

Today, I am asking you to help. Send me the references when you see them – the quote and the URL to the article. Most often, they are in stories unrelated to aging. There was no reason for Gabe Starosta to use an ageist reference to make the point that the Social Security website is poorly designed. Christopher Beam could easily write a technology story without dissing elders' computer skills.

You won't have any trouble finding these – they are painfully common. Once you are sensitized to them, you'll see them everywhere.

Send a letter to the writer and the editor of the publication. In due course, I will publish a template you can copy and easily adapt to individual circumstances. During the coming weeks and months, I'll devise a petition or two for us to use along with whatever other methods occur to me; your suggestions are welcome and sought.

Back in the 1960s, the civil rights movement made the N-word unacceptable. The women's movement made the word "girl" so toxic that I once saw a reference in The New York Times to a “15-year-old woman.”

When language changes, behavior changes. So this year, let's follow Saul Friedman's dictum as related by his wife Elke in last Saturday's post:
"The thread running through [Saul's] work was always the same: make the world a better place as best I can. In newspaperese: “The journalist’s job is to comfort the afflicted and afflict the comfortable.”
This year, let's help make the world a better place and do some afflicting.


TIME GOES BY | Ageism 2011
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Wednesday, January 5, 2011

Working on Some Ideas « ChangingAging.org

by Dr Bill Thomas

I am putting together a summary of a book I am starting to write and I’m inviting ChangingAging readers into the process. Here is the opening to the overview.
The people who were born after World War II, the people we have long called the “Baby Boomers,” have exercised an extraordinary influence over American society. During the fifties, their overwhelming numbers led Gerber to introduce baby-sized portions of pre-cooked meats and vegetables. As mobile teenagers they developed a taste for fast food that transformed a single California hamburger stand into the global McDonalds corporation. When, as adults, they decided to lose some extra pounds jogging became a national craze and an Oregon sneaker company named Nike joined the Fortune 500. Now, the Post War generation, is embracing social media on a mass scale. Social media use among older adults grew 100 percent last year, so that one in four (26 percent) people in that age group online are now logging in to Facebook, Twitter and the like, reports the Pew Internet and American Life Project in a recent study. Not coincidentally, Facebook is now a 500 billion dollar company.
Global aging is a well established phenomenon. Indeed, among all the human beings who have lived to see old age, in all of human history, more than half are living among us right now. This demographic trend is destined to explode within American society as the Post War generation races toward late adulthood. Already, an American turns 65 every 10.8 seconds. These numbers, while staggering, are easily understood. Much more difficult to comprehend are the personal and cultural consequences of this shift. A massive population, with a proven ability to transform society, is about to encounter the boundary between life’s second and third stages. Unlike all previous human generations, they will struggle to find their way forward as members of a youth obsessed society and without access to the ceremonial initiations or guiding rituals that have historically smoothed the passage out of adulthood and into elderhood. This radical unpreparedness will make this, the Post War generation’s second crucible, much more challenging than its first.
Tomorrow: What is a Crucible?
Working on Some Ideas « ChangingAging.org
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