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Baby Boomers' News & Information

Monday, April 14, 2014

 

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Senior Citizen Politics

Bill to Help Americans Better Prepare for Retirement Introduced by Leaders of Senate Aging Committee

Senators Bill Nelson and Susan Collins present Retirement Security Act of 2014

Sen. Bill Nelson & Sen. Susan Collins

Jan. 29, 2014 – The two ranking members of the Senate Special Committee on Aging – Sen. Bill Nelson (D-FL), chairman, and Sen. Susan Collins (R-ME), ranking Republican – joined forces to introduce legislation today that would encourage small employers to offer retirement plans, encourage employees to save more for retirement, and ensure that low- and middle-income taxpayers are able to claim tax benefits for retirement savings already authorized in law. The goals of the bill seem to answer the plea by President Barack Obama in the State of the Union last night, where he said, Let’s do more to help Americans save for retirement.” Read more...

Caregiver & Elder Care News

Senior Safety & Well-Being Checklist Helps Children Assess Needs During Holiday Visit

Survey finds 43% of adult children plan discussions with parents during holiday system on issues of well-being

Dec. 10, 2013 – As families gather during this holiday season, major topics of discussion by 43 percent of adult children who will visit their parents or in-laws will include issues such as health, finances, housing, mobility and memory loss, according to research commissioned by A Place for Mom, which has created a helpful "Senior Safety & Well-Being Checklist." Read more...

Aging News & Information

Boomers, Seniors Vastly Improve Memory, Brain Function, Physical Fitness with Aerobic Exercise

New brain imaging techniques allowed researchers to detect brain changes earlier

Nov. 12, 2013 - A new study conducted by researchers at the Center for BrainHealth at The University of Texas at Dallas found that engaging in a physical exercise regimen helps healthy aging adults improve their memory, brain health and physical fitness. This finding is significant considering that among adults 50 and older, "staying mentally sharp" outranks social security and physical health as the top priority and concern in the United States. Read more...

Social Security News

New National Company to Advise Boomers on When to Take Social Security Benefit

More than 90% of SSA recipients do not maximize benefits because they are unaware of their options; army of advisors to help  72 Million baby boomers

Oct. 24, 2013 – When should I start receiving my Social Security benefit? It is a question asked often and answered very often by financial columnists and spokespersons for the Social Security Administration. Now, a Cincinnati based company is building a business on it. Premier Social Security Consulting, is gathering an "army of advisors" nationwide to educate baby boomers on the most optimal time to access Social Security benefits. Read more...

Features for Senior Citizens

More Baby Boomers, Seniors Struggle with Student Loans; Out Pace Other Debt

According to a recent survey, many older Americans are struggling with student loans, along with their younger counterparts - boomers owe over $112 billion

Oct. 23, 2013 - The financial strain that student loans can cause has been a popular topic in the media. We all have heard stories about graduates, who cannot find jobs due to the poor economy, finding it difficult or impossible to pay back their loans. However, a recent story that looked at student loan data found that they are not just the bane of the young. According to student loan data, compiled by the New York Federal Reserve, people in their fifties now owe $112 billion in outstanding loans. This is a significant jump from 2005, when this group only held $34 billion in loans. Read more...

Features for Seniors and Boomers

Can You Feel My Pain? Middle-Aged Women Sure Can

Study found an inverted U-shaped pattern of empathy across the adult life span - younger and older adults reporting less empathy, middle-aged adults reporting more.

Middle aged women more likely to feel another's painJan. 30, 2013 - Looking for someone to feel your pain? Talk to a woman in her 50s. According to a new study of more than 75,000 adults, women in that age group are more empathic than men of the same age and than younger or older people. Read more...

Sex and Romance for Senior Citizens

Sexual Revolution Began in 50s Due to Penicillin – Earlier Than Most Seniors from 50s Realized

Most think boomers introduced permissive attitudes in 1960s, study says it was a decade earlier; second report says deadly syphilis, which Columbus carried to Europe from Americas, kept cap on sex until conquered by penicillin - see Columbus story below lead story

By Carol Clark | eScienceCommons | Emory University

Jan. 28, 2013 - The rise in risky, non-traditional sexual relations that marked the swinging 1960s actually began as much as a decade earlier, during the conformist 1950s, suggests an analysis Emory University economist Andrew Francis. Read more,

Senior Citizen Politics

Increasing Age for Medicare Eligibility Appears Off the Table for White House

Democrat Sen. Dick Durbin says he got the info from the White House; major issue for House leader Nancy Pelosi; hot button for GOP

Dec. 13, 2012 - There is good news for baby boomers pressing age 65 - the Associated Press is reporting that an increase in the age for Medicare eligibility is no longer being considered by the Democrats as an option in negotiations with Republicans on avoiding the "fiscal cliff."

Health & Medicine for Senior Citizens

New Strategies for Prostate Cancer Care Demanded by Longer Life Expectancy, Aging Population

As boomers pass age 65 – the most common time of prostate cancer diagnosis – researchers have a handful of new barriers to put in the path of the disease

By Garth Sundem, University of Colorado Cancer Center

Dec. 4, 2012 - The population of the United States is getting older, due not only to aging boomers but also to a four-year increase in life expectancy from 1990 to 2010. An aging population means increased diagnosis of prostate cancer. Statistically, the older the patient at time of diagnosis, the more aggressive the disease – and also the less well the patient is likely to tolerate traditional chemotherapies. In sum, we have more, aggressive prostate cancer that can’t be targeted by traditional treatments. Read more...

Aging News & Information

Elderly Go From Capable Consumer to ‘Old Person’ with Help of Boomer Children

Almost every stereotype we associate with being elderly is something negative, from being ‘crotchety’ and unwilling to change to being forgetful

Nov. 12, 2012 -Many baby boomers, just a short time away from becoming senior citizens, really want to improve the way people view aging. Too often, however, they reinforce negative stereotypes of old age when interacting with their own parents, coloring the way those seniors experience their twilight years. Read more...

Social Security News

Lack of Social Security Awareness Could Be Costing Retirees Thousands of Dollars

Half collecting or planning to collect benefit before full retirement age; more than half not knowledgeable about maximizing benefits; 83% concerned about program

Oct. 31, 2012 – Many older retired Americans do not understand key issues surrounding Social Security, says the BMO Retirement Institute. Consequently, they are losing out on a significant amount of money that could be used to fund their retirement. Read more...

Medicare News

Shingles Vaccination Not Covered for Some in Medicare; It is for Some Boomers

Seniors face many obstacles to getting needed vaccines, including the shingles vaccine

Sept. 14, 2012 – The shingles vaccine – its cost, its coverage by Medicare, its coverage provided by Medicare supplement insurance, its coverage by the drug program – are frequent questions among senior citizens. This week the answers are provided by Michelle Andrews in her column for Kaiser News, “Insuring Your Health.” Read more...

Health & Medicine for Senior Citizens

Fitness at Middle Age Leads to Lower Risk of Chronic Disease in Senior Years

Even study participants who died had fewer chronic ailments to the end

Aug. 27, 2012 - A new study declares that fitness in middle age points to less chronic health problems in later life. And, even those who died in old age, seemed to have less of these chronic ailments right up to the end. The study involved both senior men and women, older than 65, who were Medicare patients. Read more...

Baby Boomer Alert

Baby Boomers Should All Receive One-Time Hepatitis C Test: CDC Recommendation

Over 2 million US baby boomers  infected with hepatitis C – over 75% of all adults with the virus - more about hepatitis C below news story

Hepatitis C is diagnosed through blood tests, which can also show if you have chronic hepatitis C or another type of hepatitis.

Aug. 16, 2012 - All U.S. baby boomers should get a one-time test for the hepatitis C virus, according to final recommendations published today by the Centers for Disease Control and Prevention. One in 30 baby boomers – the generation born from 1945 through 1965 – has been infected with hepatitis C, and most don’t know it. There is no vaccine for Hepatitis C. Read more...

Health & Medicine

Senior Citizens, Boomers Destined for Cataracts if They Live Long Enough

Professionals urged seniors to take action during Cataract Awareness Month - New study finds risk of hip fractures significantly reduced in Medicare patients who had cataract surgery

Cataracts may cause colors to appear faded or yellowish, vision to be blurred, cloudy. See video...

Aug. 14, 2012 - Over half of all Americans will develop cataracts by the age of 70 and those who do not surely will if they live long enough. But poor vision doesn't have to be an inevitable fact of aging, say medical professionals promoting Cataract Awareness Month in August. Read more, see video...

Senior Citizen Politics

AARP Says Working Boomers Focused on Economic Issues, Retirees on Entitlements

Age 50 -64 voters want more information on candidates' plans to strengthen Social Security, Medicare - 'Anxiety Index'

Aug. 10, 2012 - In the coming November elections, a key group of voters – non-retired baby boomers ages 50-64 – are driven by economic anxieties that extend well beyond the single issue of jobs, according to the results of a new series of surveys by AARP. Among all voters age 50+ the focus is more on Social Security and Medicare. These seniors want the candidates to better explain their plans for the entitlements, which will help them determine their choices. Read more...

Features for Senior Citizens

AARP’s New ‘Work Reimagined’ to Help Older Workers Find Jobs

Online program linked with professional job site, Linkedin

Aug. 1, 2012 – A new online effort to connect older workers with employers seeking these experienced workers was announced today by AARP. Work Reimagined will work in coordination with the professional networking site, LinkedIn, to emphasize assistance for older professional seeking a new or more satisfying job opportunity. Read more...

Boomers - USAToday

Working Until 70 Could Ease Retirement Finances for Boomers

By Susan Tompor, USAToday

July 25, 2012 - Many Baby Boomers head to work each day and wonder, "So what's the number?" How many more years do they need to keep working? It turns out that if many of us could just keep working until age 70, we could be OK in retirement, according   to a new study. Read more at USAToday

Senior Citizen Longevity & Statistics

Centenarians Match Boomers in Daily Exercise; Favorites are Walking, Muscle Building

100 year olds eat and sleep better than baby boomers; consider social connections a key to quality life

June 12, 2012 - Most centenarians say they exercise almost every day. Walking is their favorite physical activity but exercises to build muscle is almost as popular among those 100 years old and older, reports the UnitedHealthcare’s seventh annual 100@100 survey. This year baby boomers were also surveyed for comparison and there were surprises. Read more, link to video interview...

Retirement News

Top Life Advice from Today's Retirees to Tomorrow's: Start Saving ASAP!

‘Not having enough money’ is the biggest surprise for retirees; retirement different than expected, 'shocked' by financial surprises

June 7, 2008 - If America's retirees were in younger people's shoes, it's clear that they would put a priority on saving more and saving early for retirement. In a recent survey of older Americans, 39 percent said saving for the future was the most important piece of advice they would give younger people. Read more...

News for Baby Boomers

Study of Baby Boomers Find Most Save Only About Half They Inherit

Over the next 10 years, elderly Americans are expected to transfer almost $4 trillion to their heirs

March 15, 2012 - Senior citizens thinking about saving their money for the kids or grandkids may be shocked by a new national study the finds adults who receive inheritance save only about half of it. The rest they spend, donate or lose according to a study of baby boomers that began in 1979. Read more...

Senior Citizen Longevity & Statistics

Marriage a Powerful Drug for Surviving Heart Surgery, But Supply Dwindling

Strong protective effect of marriage continues for up to five years following coronary artery bypass surgery; boomers should worry

March 6, 2012 – Prior research has shown married people tend to live longer. A new study, however, focused on just the survival rate after heart surgery, and it found married adults – men and women - are three times more likely to survive the three months following the surgery. Read more..

Medicare News

Medicare Misconceptions Could Land Many Retirees in Financial Hardship

Boomers nor retirees already on Medicare have good understanding of the program

Feb. 7, 2012 – A significant number of retirees on Medicare lack a solid understanding of the health insurance program’s coverage and costs. Two out of three, for example, did not know if Medicare covers long-term care. This lack of knowledge results in unexpected financial surprises, according to research by the Bankers Life and Casualty Company Center for a Secure Retirement. Read more...

Features for Senior Citizens

Seniors Better Able to Cope with Stress of Divorce Than Boomers, Younger People

May be because the pressure to marry and stay married was stronger for older generations

Jan. 30, 2012 – Older people have more coping skills and are better able to deal with the stress of divorce than younger people, including baby boomers, according to a new study by a Michigan State University sociologist. It concludes that divorce at a younger age hurts people’s health more than divorce later in life. Read more...

Social Security News

Patty Duke Registers Online for Social Security, Medicare in PJs

Patty Duke Show star has volunteered for years to help promote Social Security’s online services to fellow baby boomers - see video

Jan. 23, 2012 - After years of telling people they can apply online for Social Security in their pajamas, Patty Duke has taken her own advice. Duke turned 65 last month and applied online for retirement and Medicare benefits from home. Read more, watch video...

President Obama, GOP Have Similar Ideas on Medicare Changes

Baby boomer tsunami forcing actions to reduce spending growth

1/2/12 - Medicare is headed for big changes in 2012, no matter who wins the White House, according to an analysis by AP reporter Ricardo Alonso-Zaldivar. And, it is the flood of baby boomers – 1.5 million a year - hitting the Medicare door-opening age of 65 that is forcing changes to slow the spending growth.

The AP report says there are “surprising similarities” in the remedies being offered by President Barack Obama and the Republican leader on this issue, Rep. Paul Ryan of Wisconsin.

Squeezing more money out of higher-income senior citizens, limiting Medicare spending, and increasing the age for eligibility are mentioned by both. >> Read AP report at Yahoo

 

News for Baby Boomers

Boomers Expecting to Get Fed Help to Retire Early May Be Too Late

Fund planned to help employers subsidize early retirees age 55-64 is out of money

By Christian Torres, KHN Blog, Capsules

Dec. 12, 2011 - A $5 billion fund that helped cover health insurance for more than five million early retirees will stop taking claims for expenses incurred after Dec. 31 because it is running out of money, according to a notice Friday in the Federal Register. Read more...

Retirement News

80 is New Retirement Target Age for Many Middle Class Americans: Wells Fargo Survey

“Retirement Age” fades as people plan to work until reaching savings goal; Middle class below age 50 more open to Social Security and Medicare cuts to help budget, while 50+ say “Hands off!”

Nov. 26, 2011 - The concept of a “retirement age” is going the way of the typewriter, another 20th-century relic that has been made irrelevant by changing circumstances. Middle class Americans now expect to work until they have saved enough to afford to retire, according to results from the seventh annual Retirement Survey from Wells Fargo & Company. Read more...

Exercise & Fitness for Senior Citizens

Boomers and Their Senior Parents Are Targets of New Go4Life Fitness Effort

Public-private effort led by NIH focuses on fitness for older adults - only 25% of senior citizens engage in regular physical activity

Oct. 20, 2011 - Being physically active is vital to maintaining health and independence as we age, and a new federal campaign for people 50 and older will help them to get active and keep going. Introduced today by the National Institutes of Health (NIH), the Go4Life campaign encourages sedentary older adults to reap health benefits by making physical activity part of their daily lives. Only 25 percent of people aged 65-74 say they engage in regular physical activity. Read more...

News for Baby Boomers

Happiness Begins When You Pass Age 50 Finds Harris Survey for Dating Site

OurTime.com poll finds 82% of 50+ are happier, more optimistic than when younger; 85% say companionship more important

July 18, 2011 – Most young people may not look forward to passing the half-century mark but new research by Harris Interactive shows 82 percent of Americans over the age of 50 are actually happier than when they were younger. Read more...

Antiaging industry booms for Baby Boomers

9/6/11 Baby Boomers heading into what used to be called retirement age are providing a 70 million-member strong market for legions of companies, entrepreneurs and cosmetic surgeons eager to capitalize on their "forever young" mind-set, whether it's through wrinkle creams, face-lifts or workout regimens.

It adds up to potential bonanza. The market research firm Global Industry Analysts projects that a Boomer-fueled consumer base, "seeking to keep the dreaded signs of aging at bay," will push the U.S. market for antiaging products from about $80 billion now to more than $114 billion by 2015.

 By David Crary, AP, at SFgate.com

Features for Senior Citizens

Older Baby Boomers Win National Driving Test; Senior Citizens Not Included in Testing

GMAC Insurance study finds about 1 in 5 unfit for road; Kansas drivers most knowledgeable, men best women

June 3, 2011 – Senior citizens could have won this one – the crown as the smartest drivers on the American roads – but they excluded people age 65 and older from the competition, giving the crown to the baby boomers that are just about to become seniors. These boomers, ages 60-65, repeated as the age group with the highest average score in the 2011 GMAC Insurance National Drivers Test. Read more...

Retirement News

Retirees, Pre-Retirees Increasingly Concerned About Financial Security, Paying for Healthcare

More retirees reporting they have already cut back on spending and moved assets to increasingly conservative investments

May 16, 2011 – Senior citizens are living longer and spending more time in retirement than every before, but this is causing many to worry they will out last their savings. About 40 percent of retirees and half of those about to retire, say this anxiety has grown worse with the sluggish economy. The good news is many are taking action to protect what they have, says a new report from the Society of Actuaries (SOA). Read more...

Senior Citizen Alerts

Treasury Retiring Paper Check for Social Security, Other Benefits; Saves $1 Billion

U.S. Treasurer Rosie Rios holds $1 billion check as symbol of savings from going to electronic pay methods

Seniors, others currently receiving federal benefits by paper check must switch to direct deposit by March 1, 2013.

April 27, 2011 – Starting on May 1, the U.S. Treasury will switch to an electronic payment method for Baby Boomers and others signing on for Social Security, veterans’ affairs payments or other benefits. Senior citizens and others currently receiving their federal benefits by paper check must switch to direct deposit by March 1, 2013. The move is projected to save taxpayers $1 billion over ten years. Read more...

Alzheimer's, Dementia & Mental Health

New Guidelines for Alzheimer’s Diagnosis Starts with Pre-Alzheimer’s, Marks Advances

Some older people have abnormal levels of amyloid plaques, yet never show signs of dementia… amyloid deposits begin early in the disease process but tangle formation, loss of neurons occur later; new report for boomers, see below news story

Alzheimer's Association has also released a new book for baby boomers about AD, read more below news story.

April 19, 2011 - For the first time in 27 years, clinical diagnostic criteria for Alzheimer’s disease dementia have been revised, and research guidelines for earlier stages of the disease have been characterized to reflect a deeper understanding of the disorder. The guidelines released today cover the disease from pre-Alzheimer’s and across its many gradually changes over many years. Read more...

News for Baby Boomers

Almost Half of Baby Boomers Nearing Retirement Have Doubts About Affording It

Two-Thirds of Boomers Call Social Security an "Extremely" or "Very" Important Source of Retirement Income

April 6, 2011 – Nearly half of today’s baby boomers – now pouring into the senior citizen ranks – do not feel confident they will have the financial resources to live comfortably during their retirement, according to a new poll from The Associated Press and LifeGoesStrong.com. Read more...

Social Security News

Social Security Finds Later Retirement Age Reduces Benefits, Costs but Increases Poverty

'Distributional Effects of Accelerating and Extending Increase in the Full Retirement Age,' a policy brief, finds pluses and minuses in raising the retirement age

by Glenn R. Springstead, Social Security Office of Retirement Policy

Jan. 28, 2011 - This policy brief analyzes the distributional effects of increasing Social Security's full retirement age (FRA), the age at which Social Security pays full unreduced benefits. Under current law, the FRA is 66 years for newly eligible beneficiaries and is scheduled to increase incrementally to 67 years between 2017 and 2022. Read more...

Health & Medicine for Senior Citizens

Cost to Treat Heart Disease in U.S. to Triple by 2030 as Boomers Flood Senior Citizen Ranks

By 2030, approximately 116 million people in the United States (40.5%) will have some form of cardiovascular disease: American Heart Association

Jan. 24, 2011 - The cost to treat heart disease in the United States will triple by 2030, according to a policy statement published in Circulation: Journal of the American Heart Association. The $545 billion increase will be due in part to the growth of the senior citizen population. AHA says it’s urgent to implement effective strategies to prevent heart disease and stroke. Read more...

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