Every day, in every way, see advice about Social Security. It must be the most frequently asked question of all time. The NY Times ran a Money column this past weekend – probably the thousandth time they’ve run the exact same piece of advice. Wait to take Social Security until you’re 70. Pay a bit of attention to the nearly 400 comments that wrestle the writer down – pretty much saying to take it when you’re eligible. And that’s so interesting when you look at the data the writer included -- with a deep sigh -- at the end: "Of the 1.4 million men and nearly 1.3 million women who began collecting benefits in 2012, about 1 percent of the men and nearly 2 percent of women were at least 70." Considering that virtually no one heeds it, no wonder the advice must be repeated, ad nauseum. In fact, five days earlier, the Wall Street Journal ran an article with the exact same advice! And AARP ran the same advice on October 24. Ditto for USA Today on October 13.
Consider the data, check elsewhere, and discard this report. This kind of thing catches my eye. You know by now which single age demographic income group saw a statistically significant increase in median income since the recession (supposedly) ended in 2007. The New York Times helpfully tells us – it was those 65-74 folk. Says the Times insightfully: “helped perhaps by the decision of some older workers to remain in the work force or re-enter it.” A long way down in the article, we learn that the 5.1 percent increase for those 65-74 put them at a median income of $43,000 -- the national median rose to $52,100 in June -- even though in many cases the head of the household was retired. Guess those 65+ must be doing okay.
Beacon Hill Village created a concept out of need... Last week a PBS broadcast was dedicated to the topic of aging in place within the pioneer community of the ‘Village’ movement – Beacon Hill Village, launched 12 years ago by Judy Willett to help seniors stay in their homes longer.
PRBuzz.com) May 20, 2013 -- The simplest definition for Aging in Place is leading a healthy and engaging life at home for as long as one would like. While this sounds easy enough, there is one huge barrier that almost all Americans desiring to Age in Place have to overcome. That barrier is their own home.
