Is Rising Mortgage Debt Threatening Retirements?

Older Americans are carrying more mortgage debt and have accumulated less home equity than their peers a decade earlier, according to a report by the Consumer Financial Protection Bureau. The median mortgage debt for those age 65 and older rose 82 percent to $79,000 from 2001 to 2011, according to the agency. And though delinquencies and foreclosures have decreased since 2012, they had increased fivefold between 2007 and 2011 among older homeowners, the CFPB reports. “A home can be a place of …

Boomer Alert: Nation’s 65+ Population to Double by 2050

We’re getting older – in a big way. New Census Bureau reports project that the nation’s 65-and-older population will nearly double in size – hitting a total of nearly 83.7 million – by 2050. By then, more than 1 in 5 Americans will be at least 65 years old. Boomers, who began turning 65 in 2011, are the driving force behind the project shift. The Census Bureau says that the demographic shift is already fueling growth in health-care-related industries and …

Three Generations, Three Different Retirements

So it seems that boomers and the Generation X that followed them believe a traditional retirement, the kind where you clock out of the job permanently at age 65 to travel, play golf, visit the grandkids or relocate to a sunnier destination, isn’t in their future. Yet Millennials, the oldest among them in their mid 30s, are much more hopeful. They predict they’ll retire at or before they reach their mid 60s, according to a survey released Wednesday by the nonprofit …

Al Feldstein: One of the Original ‘Mad’ Men

Mad magazine, edited in its 1960s and 1970s heyday by Al Feldstein, arguably was the most subversive publication on American newsstands – a comic book that, instead of superheroes’ exploits, featured deft parodies of hit movies and Madison Avenue ad campaigns and biting satirical commentary on issues such as racial segregation and the Vietnam War. Here are eight facts about Feldstein, who died on April 30 at age 88 in Livingston, Mont., and how he fostered a style of humor that profoundly …

Sterling? To Boomers, Athletes’ Protests Are Nothing New

Younger sports fans may have been shocked to see players from the NBA’s Los Angeles Clippers and Miami Heat wearing their warmup jerseys inside-out in silent protest against Clippers owner Donald Sterling, after a recording surfaced of a telephone call in which Sterling allegedly told his then-girlfriend not to bring African-American guests to the team’s games. Sterling subsequently was banned for life by NBA commissioner Adam Silver. To boomers, though, the demonstrations may have seemed tepid compared with the defiant …

How to Survive a Workplace Culture Clash With Millennials

A friend who supervises interns recently complained about a young man she gave an assignment to one morning. When she passed his desk a few hours later, he was surfing the Web. His explanation: assignment complete so he was taking a break. Argh! A culture clash is erupting as millennials stampede into the workplace, arriving saddled with a negative reputation. But if boomers want to coexist with twentysomethings, then they – the older generation – need an attitude adjustment, says …