Old age does not begin until 74, researchers suggest in a new report which looks at the real impact of an ageing population
By Sarah Knapton, Science Editor
Collecting the state pension and bus pass at 65 has traditionally been seen as a watershed moment where middle age ends and the twilight years begin.
But new research suggests that old age now starts at 74, with middle age lasting at least nine years longer than current estimates.
Academics from the International Institute for Applied Systems Analysis (IIASA) in Vienna, Austria, argue that old age should be measured not by age, but by how long people have left to live.
Continue reading Middle age now lasts until 74 as baby boomers refuse to grow old
Ashlea Ebeling | Forbes Staff
Baby Boomer confidence in having enough income for a secure retirement has dropped to an all-time low of 27%, down from 37% in 2011. That’s the dismal news that Cathy Weatherford, president of the Insured Retirement Institute delivered to kick off National Retirement Savings Week, citing IRI’s newest study, Boomer Expectations For Retirement 2015.
“Many Boomers may have had their last pay day or are getting closer to their last pay day and are realizing now, ‘Yikes! It’s up to me. How can I make this amount I’ve saved last 20 or 30 years or longer?’” Weatherford said.
Continue reading Boomers Retirement Confidence Falls To Five Year Low
Steven Petrow | The Washington Post
I’m currently obsessed with two questions: “How long do I have?” and “How will I use that time?”
Not long ago I sat listening to some life advice from “one of the richest men on the planet,” as Forbes magazine describes philanthropist David M. Rubenstein, co-founder of the private equity firm the Carlyle Group. At a breakfast talk, Rubenstein, who is 65, told my college’s alumni association to approach the homestretch of our lives as if there were no tomorrow. At a time when others are asking him, “Can you make it up those stairs?” he told us to take them running. “It’s time to accelerate,” he said, “not slow down.”
Continue reading Longevity mathematics: Why you may not want to retire