When retirees get to their middle 80s, most don’t want to or can’t stay physically active. Instead they relax, take up hobbies or devote full-time to television. Their conversations often concern their health problems. But there are exceptions, like Ms. Ola Coombs.
Ola had always wanted to have her own quilt shop and she got her chance at age 79. Ola’s Quilt Shop in Lavonia, Georgia opened in May, 2006. This year Ola will turn 87. Continue reading
This gallery contains 25 photos.
The photo essay below is one view of 2013. It tends to emphasize people interacting with nature. The photos may be representative of what retirees find interesting as a year moves along. Maybe the essay’s main point is that we … Continue reading
I was born on the cusp between Generation X and Generation Y (a.k.a. the Millenials). As a member of the middle-child demographic recently dubbed Generation Catalano, I have some insight into how members of both of these generations view retirement. And I have to say, it isn’t pretty.
Pessimism and the American Dream
According to the results of a spring 2011 Gallup poll, confidence in the American dream is faltering. Defined by Gallup as the opportunity for each generation to earn a better life than previous generations, the data show that indeed, the American dream appears to be slipping away.
Last time we introduced a Census Bureau report that describes some characteristics of the oldest segment of our population—those 90 years old or older (90+). The group is small, mostly women, and mostly widowed. Still, about three-quarters of them live in households. Less than one quarter are institutionalized.
The median income in the group was $14,760 (2008 dollars)—that’s annual, per person, personal income. For men, it was $20,133, and for women, it was $13,580. Social Security has become nearly universal among this group: 92.3% of them receive it, and it is about 48%, or almost half, of the median personal income. The rest comes from investments, public assistance, other retirement income, or other sources.
During the same time, the median annual per person income in the US was about $27,500. The 90+ group has a per person income of about half the overall population.
All of us living in the last half can benefit from a portrait of the oldest among us. We can’t foresee an individual life, but we can guide ourselves more clearly if we know some averages or trends that describe our oldest brothers and sisters.
In November, 2011, the Census Bureau published a new report entitled: “90+ in the United States: 2006-2008,” in which it characterizes this oldest segment of the U.S. population. (PDF here)
The generation 90 and over is small. There were about 1.8 million (mm) people 90 and over during 2006-2008, which was about 0.6% of the total US population. About 1.55mm (88%) are white. Women far outnumber men: there are about 1.3mm women, and about 0.46mm men—almost a 3 to 1 ratio.