The Recession and Older Americans

The Recession and Older Americans PDF Author: United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions. Subcommittee on Primary Health and Aging
Publisher:
ISBN:
Category : Older people
Languages : en
Pages : 76

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The Recession and Older Americans

The Recession and Older Americans PDF Author: United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions. Subcommittee on Primary Health and Aging
Publisher:
ISBN:
Category : Older people
Languages : en
Pages : 76

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Book Description


The Recession and Older Americans

The Recession and Older Americans PDF Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
ISBN: 9781977612472
Category :
Languages : en
Pages : 76

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Book Description
The recession and older Americans : where do we go from here : hearing before the Subcommittee on Primary Health and Aging of the Committee on Health, Education, Labor, and Pensions, United States Senate, One Hundred Twelfth Congress, first session ... October 18, 2011.

The Recession and Older Americans

The Recession and Older Americans PDF Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
ISBN: 9781981588015
Category :
Languages : en
Pages : 76

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Book Description
The recession and older Americans : where do we go from here : hearing before the Subcommittee on Primary Health and Aging of the Committee on Health, Education, Labor, and Pensions, United States Senate, One Hundred Twelfth Congress, first session ... October 18, 2011.

The Recession and the Older Worker

The Recession and the Older Worker PDF Author: United States. Congress. Senate. Special Committee on Aging. Subcommittee on Employment and Retirement Incomes
Publisher:
ISBN:
Category : Age and employment
Languages : en
Pages : 98

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Economic Crises and Mental Health

Economic Crises and Mental Health PDF Author: David M. Cutler
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
We examine the effect of the Great Recession of 2007-2009 on the mental health of older adults, using longitudinal Health and Retirement Study data linked to area-level data on house prices. We use a variety of measures to capture mental health and rely on the very large cross-sectional variation in falling house prices to identify the impact of the Great Recession on those outcomes. We also account for people who moved in response to falling prices by fixing each person's location immediately prior to the house price collapse. Our central finding is that the Great Recession had heterogeneous effects on health. While mental health was not affected for the average older adult, mental health declined among homeowners with few financial assets, who were therefore more vulnerable to falling house prices. Importantly, health impacts in this group differed by race and ethnicity: depression and functional limitations worsened among Black and other non-white homeowners and medication use increased among white homeowners. There were no measurable impacts for Hispanic homeowners. These results highlight the importance of examining heterogeneity across multiple dimensions when examining the health impacts of economic conditions.

The Recession and Older Americans

The Recession and Older Americans PDF Author: United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions. Subcommittee on Primary Health and Aging
Publisher:
ISBN:
Category : Older people
Languages : en
Pages : 0

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Book Description


Reconsidering Retirement

Reconsidering Retirement PDF Author: Courtney C. Coile
Publisher: Rowman & Littlefield
ISBN: 081570500X
Category : Business & Economics
Languages : en
Pages : 188

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Book Description
The economic downturn that began in 2008, the most severe in decades, has hit older Americans hard. Many have seen huge losses to their 401(k)s. In numerous cases the value of homes—the largest investment most older Americans have ever made—has diminished considerably. In addition, large numbers of American workers, including those 50 and older, have lost their jobs and may have difficulty replacing them. Suddenly the future seems a whole lot less certain, throwing years of planning into doubt. In Reconsidering Retirement, economists Courtney Coile and Phillip Levine go beyond the headlines to explain how the economic crisis will affect the future plans and well-being of older Americans. Amid well-publicized reports that older workers needed to stay on the job because of the crisis, the number of U.S. workers claiming Social Security retirement benefits actually rose substantially from 2008 to 2009. The authors maintain that job loss has been the culprit, leading to premature retirement, and while this trend may have been less noticed, it is perhaps the more significant outcome of the crisis. Coile and Levine examine the three major characteristics of the recession thought to influence retirement behavior: decline in the stock market, reduced housing values, and a weak labor market. The authors find that lower home prices did not actually affect retirement behavior but that the decline in the stock market did lead some workers to delay retirement, while a weakened labor market actually forced more older workers with fewer skills into retirement. As a result, these early retirees, who rely on Social Security, face a lifetime of lower benefits. The legacy of recessions is that those most in need usually are last to reap the benefits of an economic recovery. While the lion's share of media coverage after the economic downturn of 2008–09 has gone to the plight of older workers who remain employed, Courtney Coile and Phillip Levine exami

Older Americans

Older Americans PDF Author: New Strategist Publications, Inc
Publisher:
ISBN: 9781937737092
Category : Consumer behavior
Languages : en
Pages : 0

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Book Description
A revolution is underway. In 2011, the oldest members of the Baby-Boom generation turned 65 and became eligible for Medicare. Many have been collecting Social Security benefits since they turned 62. The transformation of the 55-or-older population continues with each birthday celebrated by the enormous Baby-Boom generation as it enters the older age groups.The seventh edition of Older Americans: A Changing Market includes the latest statistics on the health, living arrangements, incomes, spending, and wealth of the 55-or-older age group. New to this edition is all-important 2010 census population data, a unique comparison of the attitudes of the four generations of American adults based on the General Social Survey, homeownership rates, time use by age and sex, trends in household spending and wealth since the Great Recession, and labor force statistics with projections to 2020.Older Americans: A Changing Market is designed for easy use. It is divided into 11 chapters, organized alphabetically: attitudes, education, health, housing, income, labor force, living arrangements, population, spending, time use, and wealth.Because the economic downturn has hurt many older Americans, an understanding of their wants and needs is increasingly vital to both businesses and government. Older Americans tells you what you need to know about this market.

Retirement Security in the Great Recession

Retirement Security in the Great Recession PDF Author: Christian Weller
Publisher: Routledge
ISBN: 1317983394
Category : Business & Economics
Languages : en
Pages : 152

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Book Description
Few events have posed as many challenges for retirement and retirement policy as the crisis of the late 2000s. At the end of the last decade, the United States experienced the Great Recession—a combination of unprecedented wealth losses and historically high unemployment increases that marked the longest economic recession since the Great Depression. These adverse economic shocks coincided with the burgeoning entry into retirement by the baby boomer generation, those born in the United States between 1946 and 1964. The confluence of these trends meant that retirees may have faced greater economic insecurity than at any point since World War II. This book brings together a number of influential researchers whose work is focused on economic policies and their impacts on retirement income security. They come from both academic and policy backgrounds. Specifically, half of the eight contributors are academics, while the other four come from think tanks in Washington, DC. This book is thus intended to combine research and policy. This book was published as a special issue of the Journal of Aging and Social Policy.

The Longevity Economy

The Longevity Economy PDF Author: Joseph F. Coughlin
Publisher: PublicAffairs
ISBN: 1610396650
Category : Business & Economics
Languages : en
Pages : 330

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Book Description
Oldness: a social construct at odds with reality that constrains how we live after middle age and stifles business thinking on how to best serve a group of consumers, workers, and innovators that is growing larger and wealthier with every passing day. Over the past two decades, Joseph F. Coughlin has been busting myths about aging with groundbreaking multidisciplinary research into what older people actually want -- not what conventional wisdom suggests they need. In The Longevity Economy, Coughlin provides the framing and insight business leaders need to serve the growing older market: a vast, diverse group of consumers representing every possible level of health and wealth, worth about $8 trillion in the United States alone and climbing. Coughlin provides deep insight into a population that consistently defies expectations: people who, through their continued personal and professional ambition, desire for experience, and quest for self-actualization, are building a striking, unheralded vision of longer life that very few in business fully understand. His focus on women -- they outnumber men, control household spending and finances, and are leading the charge toward tomorrow's creative new narrative of later life -- is especially illuminating. Coughlin pinpoints the gap between myth and reality and then shows businesses how to bridge it. As the demographics of global aging transform and accelerate, it is now critical to build a new understanding of the shifting physiological, cognitive, social, family, and psychological realities of the longevity economy.