CBS News’ Moneywatch reports that a recent survey conducted by the PulteGroup, a national homebuilder, shows many baby boomers expect either their adult children or aging parents to move in with them, according to.
Most don’t view this a financial problem. (It doesn’t get into how they might bear up psychologically.) At the same time, they think they will either remodel or expand their homes to accommodate the change.
Is this an example of baby boomers not being realistic about the money they will need for their own retirement? Moneywatch thinks so.
“It won’t be a nostalgic trip back to 1965. It won’t be one big Springsteen concert.” That is how Michael Winerip introduces The New York Times’ newest blog — Booming — which is aimed at….you guessed it, boomers.
“Come to Booming to be informed and entertained and feel at home. We will showcase essays from readers in their 50s writing about their lives, but also essays by 25-year-olds describing their parents’ lives.
If you loved Jose Feliciano’s 1967 version of “Sunny,” we’ll tell you why you might also like Ben Howard’s 2011 version of “Only Love.”
We are going to ask some of you the secrets of being married for 30 years, and others, the secrets of getting divorced after 30.
Booming will have plenty of serious features geared to this demographic — about Medicare, Social Security, unemployment trends. We’ll have experts to answer questions on aging, retirement, investing and sex.
You’ll hear about books, movies, magazines and blogs that we think you’ll want to investigate. Or to stay away from.
But most important is you. Our generation is getting through the middle ages in 78 million ways. We want to hear your stories. Welcome.”
I hope to write for it down the road if my handlers in the Culture section will free me up.
A New York Times story on this study about more middle-aged people divorcing or remaining single. It’s very interesting work, but the figures look so big, to a large degree because the baby boom generation is so much bigger than previous generations.
Over the past 20 years, the divorce rate among baby boomers has surged by more than 50 percent, even as divorce rates over all have stabilized nationally. At the same time, more adults are remaining single. The shift is changing the traditional portrait of older Americans: About a third of adults ages 46 through 64 were divorced, separated or had never been married in 2010, compared with 13 percent in 1970, according to an analysis of recently released census data conducted by demographers at Bowling Green State University, in Ohio.
Brooks Barnes has a fascinating article about the film business and baby boomers. Some of the big-name stars are actually attending AARP’s new film awards aimed at movies for people over 50. They really should come up with a catchier title that the Movies for Grownups Awards. The Aarpy’s? The Gums” (Grown Up Movies). Read the full New York Times story here:
“BEVERLY HILLS, Calif. — Eleven years ago, editors at the AARP magazine entered Hollywood’s awards fray with the Movies for Grownups Awards. The idea was to give AARP a bigger presence in the film capital while working to change the image of aging, one of the organization’s principal goals.
It was tough going, to say the least. As recently as 2007, AARP the Magazine was thrilled to get a dog to walk its red carpet. The collie who starred in a little-seen remake of “Lassie” arrived to accept the prize — a golden lounge chair — for the Best Movie for Grownups Who Refuse to Grow Up.
But the AARP, formerly known as the American Association of Retired Persons, didn’t give up, and on Monday night here it seemed that the Movies for Grownups had finally, well, grown up — even if some of the show business attendees exhibited less-than-mature behavior.”