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In a recent Forbes Magazine article published March 31, 2008 titled
'The Hour Draws Near', the author, Allan Sloan, points out
the gravity and seriousness for where Social Security will be in
the not too distant future. He points out that the U.S. Congress
has raided the Social Security Trust Fund for decades and replaced
hard earned deposits from wage earners with 'I.O.U.'
guarantees from the U.S. Treasury. This means there is no money in
the Social Security Trust Fund other than what is being collected
currently. When the day comes when money coming in cannot keep up
with money going out,...
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If you consider getting older before someone else is a benefit,
then perhaps the early wave of Baby Boomers are lucky in living
their lives ahead of the bigger wave that is now hitting
retirement.
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The inevitable has happened. Baby Boomers who thought they would
never grow old are now qualifying for Social Security and the
future of social security's ability to pay them is a major
question.
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Demographer James Vaupel, directory of the laboratory on longevity
at Germany's Max Planck Institute, argues that just as 'the
twentieth century was a century of redistribution of income,'
the twenty-first' may be a century of redistribution of
work.'The encore pioneers, in demonstrating that the second
half of adulthood can be a time of significant contribution -
indeed for many the time when they do their most important work -
prompt a radical question along the lines of Vaupel's point.Put
another way: 'Why not restructure our life cycles so that we
take more leisure when we most need it,...
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June 22, 2008 Ideas & Trends Bill Neugent, an engineer in McLean, Va., is doing his bit to ease the looming generational financial squeeze as the nation's 75 million baby boomers begin to retire. He's working longer. Mr. Neugent, 62, plans to work full time until he is 65 and then part time for the Mitre Corporation, a federal research contractor that encourages older workers to stay on. There are, it seems, too few such workers and employers. The average retirement age for men now is 63 and for women 62. But the emphatic conclusion of recent research into retirement...
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» View All News «
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News from Over 60 Exchange
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When the Over60Exchange was first conceived, we were focused on
helping people fifty and older in the United States stay employed.
Since that time we have been working to keep up with economic and
political changes affecting our members and how to find real
solutions for handling the growing challenges in all parts of life
for growing older. In this process, we learned that the problems in
the U.S. are also worldwide. This fact alone has increased our
potential target market for people age fifty and older from one
hundred million to well over two hundred and fifty million. Even
though ...
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Special Notice (August 1, 2009) FREE MEMBERSHIP PROGRAM EXTENDEDThe
FREE Membership program has been extended. All members joinging the
Over60Exchange in this program will receive free membership and be
grandfatherd with continued free membership when fees start
sometime later this year.
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THE MEANING OF 'SENIOR CITIZEN' VS. 'SENIOR WORKER'
By Bob Brewster, Over60Exchange At one time the term 'Senior
Citizen' carried with it an image of someone who had no energy
sitting in a rocking chair. How times have changed! The U.S. Bureau
of Labor Statistics reports that - Only 13 percent of American
workers were 55 and older in the year 2000By year 2015 that figure
will increase to one in five (20 percent) This means that
'Senior Citizen' now means 'Senior Worker' because
of the numbers of people age 55 and older remaining in the
workforce. When...
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» View All Over60 Exchange News «
Things You Need to Know
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Read more on "Clothing Stores Rediscover Boomers at USA Today
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Go to article at USA Today
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Go to article - USA Today
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Without the need for larger space and with the growing need to
reduce expenses, Baby Boomers are putting their homes on the market
in ever growing numbers. The timing could not be any worse as these
homes are combined with the growing number of foreclosures.
Combined with higher energy costs, the results can have serious
consequences on Boomers unable to sell their homes.
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View
Short Video of Today Show "Boomers in Trouble"
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› Over 60 Exchange Updates and News
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