Posts Tagged ‘bills’
Boomers Want to Age in Place with Help from Tech, Upgrades
More than 80% of seniors want to age in place for as long as possible — and they plan to make home modifications and use the latest technology to do so. For the survey Aging in Place or Assisted Living Facility: Where Do Retirees See Themselves Living, the Retirement Living Information Center asked 2,300 adults…
Read MoreWarmer Weather Gets Seniors Outdoors and Moving
The better the weather, the more seniors venture out and get active. So say researchers who assessed the activity levels of more than 1,200 adults in Norway, aged 70 to 77, who were grouped based on whether they scored low, medium or high on a fitness test. “Older people in poor physical condition become less…
Read More21% of Boomers Lack Savings for One Month’s Expenses
Yet another poll reveals that all generations feel unprepared when it comes to retirement savings — with 21% of baby boomers lacking adequate savings to cover one month of basic expenses, according to AARP. Co-commissioned with the Association of Young Americans, the “Three Generations Survey” asked baby boomers,Generation Xers, and millennials, a variety of retirement…
Read MoreSeniors, Take Steps to Reduce Your Risk of Falling
One in four Americans 65 and older falls each year, with some ending up in hospitals or even dying. But new research suggests that it’s possible to avoid some of these serious injuries. When seniors who are at risk of falling have a prevention plan, they’re less likely to suffer a tumble-related hospitalization, the study…
Read MoreSenior Home Equity Hits $6.9 Trillion, Signifies Biggest Chunk of Wealth
Senior home equity is continuing its upward march, with housing wealth reaching $6.9 trillion in the second quarter of 2018. Equity for homeowners 62 and older grew $130 billion over the first quarter of 2018, according to the most recent figure from the National Reverse Mortgage Lenders Association/RiskSpan Reverse Mortgage Market Index. Reaching a new…
Read More78% of Seniors Own Homes Outright, But Some Struggle with Upkeep
The vast majority — 78% — of homes in the U.S. headed by someone age 75 or older are owned free-and-clear, a recent report reveals. This statistic was one of many compiled by the Administration for Community Living in their 2017 Profile of Older Americans. Offering in-depth demographic breakdowns of seniors, the report included information…
Read MoreAs Median Retirement Savings for Seniors Sits at $14K, Experts Seek Solutions
As few future retirees feel secure about their savings for their golden years, financial and retirement experts recently gathered to create a more comprehensive plan for America’s seniors. The Aspen Leadership Forum on Retirement Savings joined together more than 80 financial researchers, policymakers, entrepreneurs, and others to address the rising retirement concerns and to discuss…
Read MoreRanking the Most and Least Expensive Places to Retire
After crunching all the numbers, Realtor.com has released a list of the most and least expensive places where the rapidly expanding baby boomer population can spend their retirement years. Realtor.com looked at cities already popular for seniors, and, not surprisingly, three of the most affordable locations are in Florida, with Sebring, Fla. and its $180,000…
Read MoreIs Daily Low-Dose Aspirin Really Worth It For Seniors?
There’s disappointing news for seniors: A new trial shows that taking daily low-dose aspirin doesn’t prolong healthy, independent living in otherwise healthy people aged 70 and older. Aspirin has long been recommended for middle-aged folks with a history of heart disease, to prevent future heart attacks or strokes. Researchers had hoped that aspirin’s specific effects…
Read MoreAARP: 76% of Older Adults Want to Age in Place
The desire to remain at home during retirement continues to be extremely important to people as they age, according to a new report from AARP. The data, released last week as part of the senior advocacy group’s 2018 Home and Community Preferences survey, shows that almost 80% of adults age 50 and older want to…
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