21% of Boomers Lack Savings for One Month’s Expenses

Yet another poll reveals that all generations feel unprepared when it comes to retirement savings — with 21% of baby boomers lacking adequate savings to cover one month of basic expenses, according to AARP. Co-commissioned with the Association of Young Americans, the “Three Generations Survey” asked baby boomers,Generation Xers, and millennials, a variety of retirement… [Read More]

Seniors, Take Steps to Reduce Your Risk of Falling

One in four Americans 65 and older falls each year, with some ending up in hospitals or even dying. But new research suggests that it’s possible to avoid some of these serious injuries. When seniors who are at risk of falling have a prevention plan, they’re less likely to suffer a tumble-related hospitalization, the study… [Read More]

Senior Home Equity Hits $6.9 Trillion, Signifies Biggest Chunk of Wealth

Senior home equity is continuing its upward march, with housing wealth reaching $6.9 trillion in the second quarter of 2018. Equity for homeowners 62 and older grew $130 billion over the first quarter of 2018, according to the most recent figure from the National Reverse Mortgage Lenders Association/RiskSpan Reverse Mortgage Market Index. Reaching a new… [Read More]

Ranking the Most and Least Expensive Places to Retire

After crunching all the numbers, Realtor.com has released a list of the most and least expensive places where the rapidly expanding baby boomer population can spend their retirement years. Realtor.com looked at cities already popular for seniors, and, not surprisingly, three of the most affordable locations are in Florida, with Sebring, Fla. and its $180,000… [Read More]

Is Daily Low-Dose Aspirin Really Worth It For Seniors?

There’s disappointing news for seniors: A new trial shows that taking daily low-dose aspirin doesn’t prolong healthy, independent living in otherwise healthy people aged 70 and older. Aspirin has long been recommended for middle-aged folks with a history of heart disease, to prevent future heart attacks or strokes. Researchers had hoped that aspirin’s specific effects… [Read More]

AARP: 76% of Older Adults Want to Age in Place

The desire to remain at home during retirement continues to be extremely important to people as they age, according to a new report from AARP. The data, released last week as part of the senior advocacy group’s 2018 Home and Community Preferences survey, shows that almost 80% of adults age 50 and older want to… [Read More]

Middle- and Lower-Income Americans May Be Falling Behind with Savings

The Bureau of Economic Analysis released updated statistics last month showing a sunnier savings outlook for Americans than previously estimated — but some commentators note that not everyone may be sharing in the success. After releasing first-quarter data showing the personal savings rate sat at 3.3%, the BEA recently amended its estimate to 7.2%, according… [Read More]