Tuesday, March 15, 2005

The Next Breed of Seniors!

When we think of seniors,
we tend to think of those in their 60's, 70's, 80's and up.
And while we recognize that those in their 50's are seniors, we may never have thought about the differences in the needs and lifestyles of the "younger seniors".

The new breed of seniors, the Baby Boomers, are folks that were born in the mid 1940's to the mid 1960's. These middle aged adults/seniors range in age from around their early 40's to their late 50's.

This is the first of a series of articles and opinions that we are writing on some of the similarities and differences in the lifestyles and needs of seniors. These articles will be comprised of existing data, articles, experiences, and opinions on the subject of seniors. There are many opinions and much data on this matter.

What we hope to do is to spur thought. We realize that you may, or may not, agree with the articles. But, we do hope that you agree with the benefit of provoking thought on the subject matter. We make no claim to know it all, nor do we need to, in order to compile and present existing opinions, reports and data.

What we do claim is that the subject of seniors, and seniors issues are real and important to us. It's important enough, in fact, to utilize this platform, do the research, and make your search easier by bringing to the table quality content and information from the experts. Ultimately, we hope that the information and products we present add value to your life in some form or fashion.

One of the differences and similarities that comes to mind is economics. With the rapid advancements in technology, process improvements in manufacturing, and a changing global economy, statistical data from the US Census Bureau reveals certain trends.

From the early 60's to around 2002 indicates that, overall, the poverty rates for seniors 65 and older were around 35% in the early 60's, and dropped about 25% for those years indicated. For those under 64, the poverty rate started lower, at about 18% of the population, and dropped about 8%, bringing the two groups together approximately 10% for 2002.

In pointing this out, we recognize that this is collective data of a general population, and a 30 thousand foot view. It may, or may not, represent you as an individual household in 2005.

We are able to see that there has been a general difference in economic status pertaining to the poverty level for the two groups for a number of years, but the gap seemed to start closing in the early 80's.
For more on this report go to: AgingStats.gov

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By CJM