Facebook spends on WhatsApp -- Brookdale buys Emeritus. It’s been an interesting week. Most people do not see a parallel in these two acquisitions, I’m quite sure, since the target user of each is separated by, oh, say 50 years. So what does it mean to consumers that Brookdale, in a 2.8 billion stock deal, will now be the first national and largest owner-operator senior living company in the United States -- with more than 1100 locations in 46 states? What does it mean that Facebook, that completely-closed purveyor of ads, pictures and Likes, spent $16-19 billion, just about the largest tech acquisition price EVER, on a messaging tool with no ads, no games, and no gimmicks that costs virtually nothing to use – other than a smart phone’s data plan? But it’s big overseas in places where Facebook isn't – and best of all, it requires your phone number to use -- which Facebook will now have if it didn't already.
From that age-friendly government, so here to help.Rant on. I thought the last word had been said about the idiocy of cutting off paper documents before the rest of the older population was online. But no, yesterday's Washington Post ran an article describing the lobbying group, Paperoptions.org. Sneered the Post -- it is funded by envelope manufacturers! -- as being a thorn in the side of the administration’s move to push all remaining documents online, regardless of citizenry ability to access those documents. "The glitzy new thing is to be pro-technology," said John Runyan, Consumers for Paper Options’ executive director. "But a lot of government agencies are saying, 'We’re going electronic and the heck with it.'"
Will the next mid-life crisis be at 75? Sixty is the new sixty, says Marc Freedman. Attending a recent event, I was an audience member exhorted to consider the ever-greater expansion of time available to make sure that it is time well-lived. What does that mean in the context of life’s purpose, whether we are prepared to competently approach our very long retirement years with not-enough-saved or will we have an encore career or two? He quoted the comment of an older adult about their potentially very long future: "I’m on my next-to-last dog." Working part time – is that a next-to-last career? Volunteering – is that a career? In one session I heard the word 'work' used for effort that is "paid or unpaid." How mangled is our language that volunteering without pay is now called working?
While many people have a mental picture of an entrepreneur as a hip twenty-something working on the next billion dollar tech company, the fact is that entrepreneurial activity is growing fastest among Americans aged 55 – 64, and people over the age of 65 have the highest rate of self-employment in the country. The factors influencing Baby Boomers and seniors to consider launching their own enterprises vary from economic necessity to pursuit of a lifelong dream. Discovering exactly which path to take in becoming an entrepreneur or changing a career later in life, however, can be daunting.
