InfoAnda - Not your grandfather's retirement: 'boomers' to hit 65

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Israeli PM vows to build in Jerusalem despite criticism | | 19 December 2012
Lockerbie bomber drops appeal against conviction: lawyers | 14 August 2009
EU leaders inching toward climate change deal | 12 December 2008

Investor wants Yahoo CFO or media boss as temp CEO | | 10 May 2012

Forum Views () Forum Replies ()

Read more with google mobile : Not your grandfather's retirement: 'boomers' to hit 65

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition World Not your grandfather's retirement: 'boomers' to hit 65 AFP - Tuesday, October 26 Send IM Story Print Not your grandfather's retirement: 'boomers' to hit 65 WASHINGTON (AFP) - – The baby boom generation turns 65 on January 1, marking a milestone in the graying of America that portends vast economic, social and cultural changes for the United States. As the first of the 76 million US boomers reach the magic age in 2011, they will likely transform the notions of retirement and old age instead of following in the footsteps of their parents, say experts. The demographic trend means a shock to the economy, government finances, a strain for the health care system, and even a potential shift in America's role as a global superpower. But analysts say this won't be your grandfather's retirement. "Even though 65 is the conventional retirement age we've become accustomed to, this generation doesn't look at retirement as the kind of cliff-ending of a career that previous generations had to experience," says John Challenger, chief executive of the consultancy Challenger Gray & Christmas. "Today for many reasons both chosen and not chosen people are working for a much longer period at this stage of their lives. There are many studies showing that continuing to find meaningful work into your 60s and 70s is an important part of health and longevity and life balance." A report by insurance firm MetLife confirms this view. It shows fewer than half of boomers expect to be retired between the ages of 65 and 69, whereas in the past three-fourths expected to be retired within a few years of hitting 65. Report author and demographer Peter Francese says the first of the generation, the so-called "leading edge" boomers have a tradition of being "trailblazers." "This group was among the first for whom college education was commonplace. They were also among the first to have a sense that their lives would be better than those of their parents," he said. "While their retirement years will be met by financial challenges, they may end up having more social and personal fulfillment than that of their parents through their continued presence in the workplace." Similar demographic trends are occurring in most major industrialized nations, but the US population will not age to the degree of most of Europe or Japan, notes Richard Jackson, director of the Global Aging Initiative at the Center for Strategic and International Studies. Jackson wrote recently that for the US, "relative demographic strength will tend to cement its geopolitical power," but that "the mounting demographic weakness of its traditional allies could undermine their ability to shoulder part of the global security burden." Even so, Jackson told AFP that the US will see a "fiscal shock" and "labor market shock" as older Americans stop working and collect social benefits. The trends point to "a potential for a growing conflict or competition between the young and old over scarce public resources," said Jackson. This means a likely renegotiation of the "social contract," says Jackson: "We should have been doing this 20 years ago. Boomers are turning 65 but there's not much time to prepare and adjust." One bright spot is the increasing vitality and health of the population, meaning they can work and contribute more in ways they had not in the past. "Old people today are younger than old people of the past: Todays 75-year-old man is the same 'age' as a 68-year-old man in 1970. Thus, 75 is the new 68," says a report by the Stanford University Center on Longevity. Challenger said new technology and flexible workplaces will make it easier for older workers to stay active. "There are frictions over technology and its adaptation, but each year more of the older generation gets comfortable with technology, so technology also facilitates the ability of older workers to continue their working lives," he said. "It also allows people to telecommute. We no longer work from 9:00 am to 5:00 pm in a particular space." Sandra Timmermann, director of the MetLife Mature Market Institute, said older workers are capable of handling the mostly white-collar jobs that are open to them. "This group of highly educated individuals is also apt to find a welcoming employment market where their experience is desirable," she said. Jackson says some research suggests these "younger" elderly want to avoid being ghettoized in retirement homes and communities, and may opt instead to stay in the homes or move in with children in multigenerational families. "The whole notion of retirement as a life cycle phase is basically a post-World War II concept," he said. "Before that, it was something you did to an old machine. We may be moving back to a society where older people are more engaged." Recommend Send IM Story Print Related Articles Studios: Tax breaks or no 'Hobbit' for New Zealand AP - Tuesday, October 26 Jean-Luc Godard will not collect honorary Oscar in person AFP - Tuesday, October 26 'Paranormal Activity 2' scares up box office bounty AFP - Tuesday, October 26 Chief conductor of Hungarian National Opera to step down AFP - Tuesday, October 26 Robbie Williams joins Take That to claim award AFP - Tuesday, October 26 News Search Top Stories Venezuela seizes local unit of US company Wozniacki top seed for WTA Championships Giant snakes, fish among spectacular species found in Amazon BP may close gas field over Iran sanctions: report Haiti cholera deaths slow but fear builds More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended It's a boy, and another boy for pop star Celine Dion Moon's 'treasure chest' includes silver Japanese joins the ranks of sequenced genomes Alonso wins in Korea, takes F1 championship lead EU close to embracing Serbia More Most Viewed » Time, like all good things, may come to an end: study Too much TV psychologically harms kids: study Iranian chocolate thief 'to have hand chopped off' Ancient galaxy is more than 13 billion light years away Moon's 'treasure chest' includes silver More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Tuesday, 26 October 2010
Karzai admits receiving 'bags of money' from Iran
Iran set to load fuel to core of first atomic plant |
Amazon says e-book sales of best-sellers double print
Dutch aid worker abducted in Afghanistan: officials
Dutch aid worker abducted in Afghanistan
US existing-home sales jump 10% in September
US defends Iraq record after WikiLeaks furor
Troops death toll in Afghanistan hits 600
"Hiccup Girl" Charged With Murder in Botched Florida Robbery
Karzai says his office gets cash from Iran, US
US newspaper circulation drops five percent
New Brazil poll shows Rousseff lead steady |
Taste Receptors On Lungs May Help Fight Asthma
Gunmen kidnap Dutch aid worker and Afghan driver
Virgin CEO Opens Runway At New Mexico Spaceport
German auto sector voices concern over rare-earth spat
NATO: raid in south Afghanistan kills 15 militants
Boxer Maintains Narrow Lead In California Senate Race
Naples magistrates see mafia role in waste protest |
French group Gemalto files patent infingement suit in US
NPR Addresses Williams Firing
Sony presses 'stop' on Walkman in Japan
25 may have been killed in Afghanistan airstrike
New Hampshire Paper Refuses To Publish Gay Wedding Announcement
Fed To Reveal Probe of Mortgage Banks' Foreclosure Procedures
Vietnam blogger still held after jail term ends: watchdog
Justin Bieber Fragrance Line Coming Soon To Dog Tags And Wristbands
Italy slaps restrictions on Google's Street View
Afghan President Seen As Ignoring U.S. Proposals On Private Security Firms
Rachael Ray To Host "Halloween Bash In 3-D"
French group Gemalto files patent infingement suit in US
Chief conductor of Hungarian National Opera to step down
Robbie Williams joins Take That to claim award
Sony presses 'stop' on Walkman in Japan
Scorsese to attend Rome showing of 'La Dolce Vita'
Sprint's Tab is cheaper but requires a contract |
Taiwan-China name row erupts at Tokyo film festival
Directors blame filmmaking crisis on Internet |
Major 7.7 quake strikes Indonesia
Newlyweds Brand, Perry leave India for Maldives
Tesla upbeat on Japan business, opens showroom
Michael Jackson top-earning dead celebrity: report |
Directors blame filmmaking crisis on Internet |
Christa Wolf wins Thomas Mann literature prize |
BP may close gas field over Iran sanctions: report
BoE governor warns new banking rules not enough
Iran inserts fuel into nuclear plant core: report |
US defends Iraq record after WikiLeaks furor
US defends Iraq record after WikiLeaks furor
Wozniacki top seed for WTA Championships
Government warns French strike threatens recovery
Once hot Digg slashes staff by over one-third
Giant snakes, fish among spectacular species found in Amazon
Ukrainian opposition claims fraud ahead of poll
Karzai says his office gets cash from Iran, US
Venezuela seizes local unit of US company
Fiat boss criticises Italy, draws angry reactions
Myanmar culture evolves despite junta's tight grip |
Afghan president will disband private guards
Haiti cholera deaths slow but fear builds
Madonna to open 'Hard Candy' health club chain
Brazil candidates spar in debate, Rousseff in lead |
US approves world's biggest solar energy project
Canadian ex-child soldier pleads guilty at Guantanamo
N.Zealand PM, Hollywood execs in Hobbit deadlock
NASA chief says pleased with China visit
BP boss says group will not quit US over oil disaster
Climate change to hit Asia's poor hardest: W.Bank
Jean-Luc Godard will not collect honorary Oscar in person
Indonesia warns farmers to flee simmering volcano
Nobel prize winner's wife asks friends to collect
Australian tattooist charged over rude doodle
Departing Microsoft visionary sees post-PC world |
"Modern Family" And "Grey's Anatomy":Highest Gainings In DVR Numbers
Aussie shoe-thrower irritated by former premier
Floods kill 56 in Thailand
Online travel companies oppose Google, ITA deal: report |
U.S. Denies WikiLeaks Claims Of Abetting Torture In Iraq, Cautions Iran On Meddling
'Military regime' in battle for Venezuela's beautiful prize
Shares in China railway firm slump on Saudi deal
Web campaign nabs China hit-and-run suspect
Indian farmers seek fame through Bhangra beat
U.S. Officials Weigh In On Iranian Cash In Kabul
GE in 750 mln dollar turbine deal with Reliance
Italian seaside town bans 'scanty clothing'
Shooting sharpens tensions with Chinese in Zambia
Japan cabinet agrees major stimulus budget
Global food fest urges return to farmers' 'common sense'
US vows to complete S.Korea trade deal
Taiwan-held atoll fends off China fishermen
South Korean trade chief optimistic on US talks
Japan approves extra budget for stimulus package
Not your grandfather's retirement: 'boomers' to hit 65
Zimbabwe eyes return from cricket Test exile
China opens Shanghai-Hangzhou ultra fast rail line
Jean-Luc Godard will not collect honorary Oscar in person
'Paranormal Activity 2' scares up box office bounty
Nissan introduces luxury hybrid, doubles mileage
Chinese investment soars in Brazil, with eye on resources
Japan, US sign 'open skies' deal
Train looks to Shake Up Christmas for Coca-Cola |
Johnny Cash memorabilia up for auction in L.A. |
New Zealand won't get into Hobbit bidding war |
Jean-Luc Godard to skip honorary Oscar ceremony |
Africa's tech explosion promises economic growth
Iran acknowledges 'assistance' for Afghanistan
Paul, World Cup 'psychic' octopus, dies in Germany
Indonesian tsunami kills 108, hundreds missing |
Iraq's Tareq Aziz sentenced to death |
Surprise British growth data soothes double-dip fears
Iran begins fuelling Bushehr nuclear reactor
UBS shares fall as profit disappoints markets
Special report: Faked in China: Inside the pirates' web |
French students march as pensions strike loses steam
Indian firm Venky's plan Blackburn takeover
Iraq court sentences Tareq Aziz to death
Pakistan says time not right for anti-Taliban assault |
Ferry Corsten's 'Once Upon A Night 2' Tour Comes to Miami
Iraq's Tareq Aziz sentenced to death
UK military interrogations may break Geneva rules |
Health Experts Look To Barbershops To Educate Black Men About High Blood Pressure
Iran begins inserting fuel into nuclear plant core
Iran to try two people accused of spying for Israel |
Iran fuels Bushehr nuclear plant
Trial Begins Of Man Charged In Florida Couple's Murder
French fuel strikes falter, union wants talks |
Fish Oil May Reduce Risk Of Gum Disease
Bank Of England Supports Break Up Of British Banks
Philippines reviews security deal with U.S. after rape case |
Bomb kills 4 police in west Afghanistan
Some 100 victims' remains found in Bosnia-Serbia search |
4 Afghan policemen killed by bomb blast
Volcano Merapi erupts in Indonesia
Indonesia tsunami death toll tops 100
China urges order as anti-Japan protest flares
Special report
Indonesia quake kills 23: disaster agency
Take That announce first tour since Robbie reunion
Obama touts job creation as midterm elections near
Pakistani stocks end lower; rupee firms; o/n rates down
S.Korea to spend billions of dollars to boost birthrate
Asian shares mostly lower ahead of key Fed meeting
Sri Lanka appeal over death-row maid in Saudi
Sony rally shortlived as speculation dismissed |
Indonesian tsunami kills 108 with hundreds missing
Studios: Tax breaks or no 'Hobbit' for New Zealand
Indian firm Venky's plan Blackburn takeover
Intel opens first chip plant in China |
Q+A-What to expect from IMF's next meeting in Pakistan
India says growth returning to pre-crisis levels
Garmin and Asustek in new phone cooperation |
Nissan launches hybrid under shadow of strong yen
TI sees PC and TV weakness for few quarters |
S.Korea won slips on caution over capital measures
China opens Shanghai-Hangzhou high-speed rail link
Cebu Pacific makes record debut on Philippine IPO
Two S.Korea cbankers voted for 25bps hike in Sept
Tsunami warning relaxed after Indonesia quake
Terrified Indonesians flee erupting volcano
World Chefs: Flay learns from losing to other chefs |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01