A survey by the American Academy of Matrimonial Lawyers found 61 percent of its members cited an increase in divorce cases among 50-year-old couples during the past five years. "Baby boomers have regularly been catalysts for social change and getting divorced in their later years appears to be one of the most recent trends," Alton Abramowitz, president of the American Academy of Matrimonial Lawyers, commented. Is this a bad thing or a good thing? Discuss. More info here.
We often talk about the "fast pace of city living" (Check out Market and 15th at 5 PM) and that pace actually has a default speed: We’ve long assumed that people cross the street walking at about 4 feet per second. Crosswalks are timed with this number in mind, so you don't get clipped by a creeping car when the red hand starts flashing at you midway through an intersection. But the older we get, the more likely we are to slow down. What’s a city to do? Find out here.
Watch Coming of Age founding partner WHYY much? You should. Now, here’s another reason to.The PBS NewsHour has expanded its ongoing reporting on older workers with a new interactive web page called "New Adventures for Older Workers.” Check it out. Scrolling through the page is an experience itself. Want to stay healthy at work? Get off your duff and do some stuff. Those may soon be doctors’ orders—straight from the American Medical Association.
Freud said it best: “Love and work are the cornerstones of our humanness.” We’ll leave the amatory advice for another time, but it looks like it would be a boon to the economy for us to keep toiling until at least 70 (A bit at odds with the above piece about 61 being the average retirement age, no?). As baby boomers age, the 65+ population will grow from about 13 percent of America’s population in 2010 to 20 percent by 2030. If we work, so some economists argue, we could stimulate economic growth. Maybe more meaning and more money? Time will tell. Well, work is nice if you can get it, but you can’t always, even if you try. The Huffington Post calls being older an “elephant in the room” for many job seekers. Go here.
No less an authority than Gallup has determined that the current average age for retiring in our country is 61—UP from 57 in the early 1990s. On the other hand, see below for how older adults are being encouraged to work till their 70s (if they can find jobs!). And if you hold to the strategy of trying to keep you money "safe" in Certificates of Deposit, surprise, surprise, many CDs pay only .25% these days. Low interest rates are not the only factor that’s making retirement, a period heretofore identified with rest and relaxation, stressful.
It would be nice to think that as the 76-milllion-strong baby-boom generation marches into older age, it will trample age discrimination into the dust. Don’t hold your breath. While some say there are signs of incremental improvement—the bias may be a little less blatant than in decades past — it’s also true that mature folks probably are as likely as anyone to demonstrate a bias against people their own age. Surprised? Disappointed? Or, smart you, you figured that was the case? Here’s the full story.