Kudos to NerdWallet for echoing what I have been preaching and I quote – “being conscious of this problem and tailoring financial and career planning accordingly can go a long way toward achieving retirement objectives. There are many factors that influence the ultimate age at which people are able to retire, but there are a few variables that have a particularly large impact. Making above-average yearly contributions to a retirement account, working for an organization with a decent 401(k) match, and making sure to invest money in index tracking mutual funds are three ways to help add years to retirement.”
So yes, everyone needs to be thinking about aging issues sooner in life. This one is of course about financial health. In an earlier blog , we explored physical health citing a study that showed that nine risk factors, most of which can be traced to adolescence, account for most cases of young-onset dementia (YOD) diagnosed before the age of 65 years.
And if you want to get into the third leg of my educated aging stool – emotional aging – take a look at my caring.com blog in which we uncovered some new age biases. Princeton University professors uncovered prescriptive prejudice, which are beliefs about how older adults should act. They found three key ideas:Succession, the idea that older adults should move aside from high-paying jobs and prominent social roles to make way for younger peopleIdentity, the idea that older people should not attempt to act younger than they areConsumption, the idea that seniors should not consume so many scarce resources, such as healthcare
I am thinking some of these come from Millenials and Gen X’ers who maybe need to spend a little more time around boomers and seniors to see just what we have to bring to society.