RASCAL REPORT
An eye on baby boomers since 2022
An older couple has dinner at another couple’s house and, after eating, the wives leave the table and go into the kitchen. The two men continued talking, and one says, “Last night we went out to a new restaurant and it was fantastic! I recommend it very highly.
The other man asks, “What is the name of the restaurant?”
The first man thinks and thinks and finally asks, “What is the name of that flower you give to someone you love? You know…The one that’s red and has thorns.”
“Do you mean a rose?”
“Yes, that’s the one,” replied the man. He then turns towards the kitchen and yells, “Rose, what’s the name of that restaurant we went to last night?”
Gen Z and millennials are so broke they’re ruining their parents’ retirements
A majority of U.S. parents have made financial sacrifices to set their adult children up for success, many times at the expense of their own savings. Nearly seven in 10 parents (68%) who have any children aged 18 or older have made at least one financial sacrifice to help out their kids, according to a recent survey from Bankrate of 2,346 U.S. adults, among whom 773 are parents. The most common financial hit? Emergency savings. Over half of parents surveyed say they’ve dipped into their savings to help their adult children, with one in five making significant sacrifices. Nearly half have also put off paying down debt to provide support, and more than two in five parents reported helping at the expense of their retirement savings. Overall, about 16% of parents reported significantly putting off hitting other financial milestones in order to prioritize their children’s financial needs.
What Happened to America? The New York Times asked 12 people in their 70s and 80s.
Seniors play an outsize role in politics: On Jan. 20, 2025, Joe Biden will be 82 years old, and Donald Trump will be 78. More than half of current U.S. senators are 65 or older, and millions of seniors make their voices heard every election cycle. But despite these facts, we don’t hear enough directly from regular Americans 65 or older. That’s why we invited 12 seniors, ages 71 to 88 and from several states, to tell us about what it’s like to be an older person in American society today. For an hour and a half, they discussed and argued about the promise of aging, the perils of ageism and their views on the direction of the country today (and whether it should be led by a man in his 80s or late 70s).
Things that make you seem old to younger co-workers
Younger co-workers have a problem with people that have been around the office a long time, but they don’t have a problem with older people. None of them cringe because someone with grey hair enters a room. They don’t care if you don’t wear the latest styles, walk a little slower, or need some extra time going down the stairs. They don’t care that your kids are their age. It’s not your age that matters. Find out what does matter.
The truth about aging—why some people seem to age faster than others
Do you ever wake up some days and think, “When I was younger, I could survive on just four hours of sleep, but now it seems like I need 10”? Or have you ever walked out of the gym and “felt” your knees? Almost everyone experiences these kinds of signs of aging. But there are some people who seem to defy their age. The late U.S. Supreme Court Justice Ruth Bader Ginsberg stayed on the bench until her death at age 87. The “Great British Bake Off” judge Mary Berry, now in her 80s, continues to inspire people all over the world to bake and enjoy life. And actor Paul Rudd was named People magazine’s “Sexiest Man Alive” in 2021 at age 52 while still looking like he’s in his 30s. Is age just a number then?
A 67-year-old who 'un-retired' shares the biggest retirement challenge 'that no one talks about'
Many people think of retirement as a long vacation. But that's often not the case, says retirement expert George Jerjian, who came out of retirement at 62. He shares the biggest downside of his retirement experience, and how a Japanese concept helped him overcome it.