After decades of stagnant incomes, the inability to save, and disappearing pensions, 75 percent of Americans nearing retirement have less than $30,000 saved, which won’t last long. One third of Connecticut residents are baby boomers -- a big demographic that is headed straight towards retirement. In fact, Connecticut’s population of 65 and up is growing ten times faster than the general population.
When Americans get older, two things often happen. Some are forced into a life where everyone around them is the same age, in an assisted living community when they become reliant on others for their care.
Others choose this life, retiring to the south, in a community of active seniors with no kids allowed. But what’s the impact of this kind of social isolation from those of other ages?
An audit found a big mistake by the VA Connecticut Healthcare System. Twenty-three veterans in Connecticut have been living at retirement homes, and the VA has been paying for them to reside there. But according to the VA, it's only authorized to pay for skilled nursing care. Retirement homes or assisted living facilities are not covered.
Originally published on Wed October 9, 2013 5:43 pm
A story in the Financial Times caught our eye this week. It was on foreign workers in South Korea.
The story looked at the town of Ansan, where about 7.6 percent of the population is foreign. They come from other Asian countries, as well as from Russia. Here's one of the reasons for the change in South Korea, a highly homogeneous society:
Because Generation X is eternally younger than the Baby Boomers, we just assumed they’d be eternally young. But a person born in 1965 turns 50 in two more years. Generation X somehow went gliding into mid-life without the rest of us noticing.
And, Gen-X’ers would say that's pretty typical, that they’ve never been part of anyone else’s plans from the time in their childhood when their parents got divorced and went spiraling off into personal reboot mode, leaving the kids to fend for themselves.
They were gutted by the economy, saddled with existential angst, and on today's Colin McEnroe Show, a few Generation Xers tweeted us about what it's like to live in a world inherited from the Baby Boomers. Our idea to dedicate a whole show to Generation X started with a great article. (Wasn't Matt Dillon's hair delightful?)
Coastal towns in Connecticut are already gearing up for another hurricane season less than a month away. This is the second of a three-part series examining vulnerable areas on Connecticut's shore. (Read more in the Connecticut Mirror here.)
Yesterday I visited Morris Cove, one of New Haven’s most desirable neighborhoods right on Long Island Sound. Now, we head to a very different residential area on Connecticut’s coastline.
America is getting older and Connecticut is growing grayer faster than almost every other state.
The first batch of baby boomers hit 65 in 2011, and Connecticut’s over-65 population is expected to grow by more than 64% by the time the last batch turns 65 in 2029. When they retire, here’s what we’re looking at: A smaller and less skilled pool of workers to replace them.
But don’t expect this new group of seniors to just retire all at once; they’ll be working longer, in part because they want to, but also to rebuild those nest eggs smashed during the recession.
As the brain ages, it becomes harder to know when its time to move from one task to the next. That’s according to a new study by Yale University researchers, who say understanding how the brain ages may help an older workforce.
The study is called Lost in Transition. Mark Laubach, an associate professor at the Yale School of Medicine, came up with the title after waiting to buy a ticket at the Washington, DC train station. He was anxious to get back to Connecticut to see his son play in his first Little League game.
Connecticut Magazine editor Charlie Monagan's new musical based on real events in Waterbury, Connecticut. And, big news -- a new hospice facility is about to be built on the east end of Long Island. Plus, Yale law professor Stephen Carter talks about his latest novel Jericho's Fall.
As life expectancy in the United States continues to rise, the maintenance of physical independence among older Americans has emerged as a major clinical and public health priority. The ability to move without assistance, is a fundamental feature of human functioning. Older people who lose mobility are less likely to remain in the community, have higher rates of morbidity, mortality, and hospitalizations and experience a poorer quality of life.