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☆ Welcome to the age of geriatric millionaires
▼ + stars: | 2024-06-15 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

While it makes sense that time is often a crucial ingredient to accruing savings and assets, the average age of millionaires in the US has been rising faster than the average age of the overall population over the last three decades. How millionaires are changingSince 1992, the average age of the country's millionaires has been going up. That means that younger millionaires aren't joining their ranks fast enough to keep the average age steady. Millionaires are overrepresented beginning around age 50, but track pretty cleanly with the cohort in their 40's. What does it mean to have so many older millionaires?

Persons: —, Chuck Collins, inequality.org, Collins, America's, aren't, Garrett Watson, that's, Watson, Xers, Gen Xers, they've, haven't, That's, It's, Ed Yardeni, They're, Redfin, King Charles, King Charles III of, it's, You've Organizations: Service, Business, Policy Studies, Forbes, Consumer, Millionaires, Tax, Security, Labor, Institute for Policy Studies Locations: United Kingdom

☆ An 82-year-old who loves scuba diving, skiing, and kayaking shares 3 tips for staying fit regardless of age
▼ + stars: | 2024-05-23 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen you think of an 82-year-old, you probably don't think of someone who cross-country skis, scuba dives, cycles, paddleboards, and kayaks. Related storiesIf you're one of these people, but would like to be as active as Wholey is at 82, she shared three tips with BI. Doing a variety of physical activities is great for fitness, especially in older age. Get out of the city as much as you can"I recommend going to the ocean, going to lakes, going to the mountains.

Persons: —, Louise Wholey, Wholey, She's, it'd Organizations: Service, Business, World Health Organization, National Institute, Aging, National Institute of Aging Locations: California

☆ In the Aging Senate, 80-Somethings Seeking Re-election Draw Little Criticism
▼ + stars: | 2024-05-17 | by ( Kayla Guo | ) www.nytimes.com time to read: +1 min

While President Biden tries to assuage voter concerns about his age in a presidential race that includes the two oldest men ever to seek the White House, a couple of miles away in the U.S. Senate, the gerontocracy remains alive and well — and little commented upon. The recent news that two octogenarians — Senators Bernie Sanders of Vermont, 82, and Angus King of Maine, 80 — are each running for another six-year term generated little in the way of criticism or worry over age of the kind that Mr. Biden has faced. Their races, which both men are likely to win, are a reminder of how the Senate’s roster is chock-full of lawmakers staying in office at an age when most people are well into retirement. At the start of this Congress last year, the average age of elected officials was 64 in the Senate and 57.9 in the House. “They’re not in short supply around here,” Senator Peter Welch of Vermont, 77, said of octogenarians.

Persons: Biden, —, Bernie Sanders of, Angus King of Maine, “ They’re, Peter Welch of, octogenarians Organizations: U.S . Senate Locations: U.S, Bernie Sanders of Vermont, Peter Welch of Vermont

The question for some of us is, why some people want to keep working decades beyond retirement age? CNN Opinion editor Stephanie Griffith asked seven people who are past the conventional retirement age why they are still at the job and got as many responses as there were respondents. They continue to work happily and productively, and were happy to explain to us how and why they do it. Over the years I’ve had to adapt frequently to the changing technology, which isn’t always easy for someone my age. That may be the secret of working well past the time society tells us we’re supposed to retire.

Persons: CNN —, Howard Tucker, Tucker, he’ll, ” Tucker, Joe Biden, Donald Trump —, Trump, ageist, Biden, Stephanie Griffith, Vincent, Austin Tucker, I’ve, isn’t, “, Taylor Taglianetti, Gayle Fleming, it’s, I’m, —, Gayle Fleming Michael Ventura, Biden —, Charles Simon, Ana Marie Forsythe, Alvin, Ana Marie Forsythe Kyle Froman, — Joyce Trisler —, Joyce, She’d, Lester Horton, Alvin Ailey, Ailey, Ailey School Martha Graham, José Limón, Horton, don’t, Marjorie Perces, Cheryl Bell, didn’t, Babette Coffey, you’ve, you’re, David A, I, Pamela S, Donald Trump, Maggie Mulqueen, Alan Steele, Joan Steinau Lester, ”, Carole Johnson, — I’m, Octogenarians Organizations: CNN, Records, Biden, Vincent Charity Medical Center, Case Western Reserve University, St, AI Society, Computer, MSNBC, Society, Alvin Ailey School, Dance Media, Juilliard, Ailey School, Alvin, Alvin Ailey American Dance, Vassar College, Ailey, Horton Department, The New York Times, CBS, American, French Legion of, Social Security, Twitter Locations: Ohio, St, Cleveland, one’s, Seattle , Washington, Cambridge , Massachusetts, West, Horton, New York City, ”, Brookline , Mass, drmaggiemulqueen.com

☆ Obama and Clinton are joining Biden for an all-hands-on-deck effort to defeat Trump
▼ + stars: | 2024-01-28 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Read previewPast Democratic presidents are gearing up to rally around President Joe Biden in an effort to to stir up voter enthusiasm — and cash. Related storiesThe 2024 presidential election is shaping into a 2020 rematch between Biden and former President Donald Trump. The proposed campaign fundraiser indicates that Obama and Clinton may agree that Biden needs all the help he can get. Advertisement"There is real focus and urgency around making sure we beat Trump," an unnamed Biden advisor told NBC. Earlier this month, Obama urged Biden to step up his campaign, becoming "animated" at the idea that Trump may return to power.

Persons: —, Joe Biden, Biden, Barack Obama, Bill Clinton, Donald Trump, Obama, Clinton, Biden's, Trump, Kamala Harris Organizations: Service, Democratic, Business, NBC News, Trump, NBC, White

☆ Little food, a beating and lice: What freed Israeli hostages are saying about being held by Hamas
▼ + stars: | 2023-12-01 | by ( Rachel Clarke | ) edition.cnn.com time to read: +11 min

The details below have been compiled from comments by freed hostages to their families, their carers and sometimes to reporters. Under the terms of the deal between Israel and Hamas, most of those released are women, children and foreign workers. Ruth Munder, a released Israeli hostage, walks with an Israeli soldier shortly after her arrival in Israel on November 24. Emily Hand told her father that they always had breakfast and sometimes lunch or an evening meal. Emily Hand said she was not hit and her father said he believed harsh voices were enough to make her do what was wanted.

Persons: –, It’s, Adina Moshe, Eyal Nouri, “, ” Moshe, Nouri, keener, ” Nouri, Yocheved, Emily, Thomas Hand, Hand, “ It’s, ”, Hila Rotem, Raaya Rotem, ” Hand, “ She’d, Hila, bedclothes, Ruth Munder, Eitan Yahalomi, Deborah Cohen, Omer Lubaton Granot, ” Granot, Lifshitz, Grandmother Ruth Munder, Israel’s vise, ” Munder, ” Adina Moshe, Emily Hand, she’s, Uthai Saengnuan, Eitan, Yair Rotem, it’s, Yar Rotem, ” Chumpron Jirachart, Manee Jirachart, I’ve, Elma Avraham, Hagai Levine, ” Eitan Yahalomi, Efrat Bron, Harlev, ” Bron, ” Israel, CNN’s Rachel Clarke, Joseph Ataman, Wolf Blitzer, Kate Bolduan, Bianna Golodryga, Jessie Gretener, Poppy Harlow, Jacqueline Howard, Lauren Izso, Ed Lavandera, Phil Mattingly, Kocha OIarn, Clarissa Ward Organizations: CNN, Rotem, United Nations ’ Office, Humanitarian Affairs, BFMTV, Israel’s, UN, Sourasky Medical, Israeli Defense Forces, Schneider Children’s Medical Center of Israel Locations: Israel, Palestinian, Gaza, Tel Aviv, Atlanta

☆ Families Fear for the Health of Ailing, Frail Israelis Held Hostage
▼ + stars: | 2023-11-21 | by ( Roni Caryn Rabin | ) www.nytimes.com time to read: +2 min

When armed Hamas terrorists invaded her home on Oct. 7, Karina Engelbert was still recovering from a double mastectomy and breast reconstruction surgery that had gone terribly awry. She was weak and easily fatigued, and a buildup of painful scar tissue on her chest caused tightness, limiting her mobility. He has not received any information about his sister’s condition, and she has not been visited by the International Red Cross, he said. Ms. Engelbert is one of about 240 hostages abducted from Israel, many of whom need urgent medical attention. And then there were those who sustained potentially life-threatening injuries in the raid itself, which killed an estimated 1,200 people, most of them civilians.

Persons: Karina Engelbert, Engelbert, Ronen Engel, Mika, Yuval, Nir, “, ‘, ’, Engelbert’s, Diego Engelbert, ” Mr, Ms Organizations: International, Cross Locations: Gaza, Israel

Deaths have outpaced births in Japan for more than a decade, posing a growing problem for leaders of the world’s third-largest economy. The country also has one of the highest life expectancies in the world, contributing to the ballooning elderly population. To some extent, that messaging has worked: there are now a record 9.12 million elderly workers in Japan, a number that has grown for 19 consecutive years. Workers age 65 and up now make up more than 13% of the national workforce, the internal affairs ministry said Monday. Japan’s elderly employment rate is among the highest across major economies, it added.

Persons: Fumio Organizations: Tokyo CNN, Ministry of Internal Affairs and Communications, Workers Locations: Japan, China, South Korea, Singapore, Taiwan

WASHINGTON (AP) — President Joe Biden turned up in a mask for the first time in months on Tuesday, a day after his wife tested positive for COVID-19. People who are exposed to the coronavirus should wear a mask and monitor for symptoms for 10 days, according to the Centers for Disease Control and Prevention. White House Press Secretary Karine Jean-Pierre said Biden would be following CDC protocols and would mask indoors unless he was far enough away from someone. The Bidens had COVID-19 last summer, which is about the last time the president wore a mask in public. Officials already are expecting updated COVID-19 vaccines that contain one version of the omicron strain, called XBB.1.5.

Persons: Joe Biden, octogenarians, Biden, Larry Taylor, Jill Biden, COVID, hospitalizations, Karine Jean, Pierre, “, ”, —, Jake Sullivan, we’ve, ” Sullivan, Mike Stobbe Organizations: WASHINGTON, White, Centers for Disease Control, Labor, House, Group, CDC, White House Press, India Locations: Vietnam, Florida, Delaware, Philadelphia, Rehoboth, Virginia, India, Alaska, New York

In Louisville, Ky., an influx of Cuban immigrants is offsetting a local population decline and bringing new rhythms to the city. Aug. 26, 2023At the first beats of “La Vida es un Carnaval” on a recent morning, several octogenarians in a senior center abandoned their dominoes, coloring books and crossword puzzles, and showed off their salsa moves. “Uno, dos, tres,” said their instructor, Selen Wilson Guerra, as she warmed them up for class. This was not Havana, or even Little Havana in Miami. It was Louisville, a city best known for bourbon, the Kentucky Derby and Muhammad Ali.

Persons: “, clapped, “ Uno, ”, Selen Wilson Guerra, Muhammad Ali Organizations: Kentucky Derby Locations: Louisville, Ky, Cuban, Havana, Miami, United States

☆ It may be time to break out the masks against Covid, some experts say
▼ + stars: | 2023-08-23 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

“And since the masks that are most effective are N95 that are now readily available, that’s the kind of mask you should wear,” he added. But the agency doesn’t make a broad recommendation for everyone to adopt masks. Morris Brown College in Atlanta announced a return to mandated physical distancing and masks just one week after classes started in August. And pediatricians are poised for the typical return-to-school surge in all kinds of respiratory illness, whether colds, flu or Covid. “The virus is always lurking, waiting for openings, so I think Covid is just going to be a bit of a roller coaster, probably forever,” Wachter said.

Persons: Joe Biden, Jonathan Reiner, “, ” Reiner, Biden, ”, Reiner, Eric Topol, ” Topol, ” What’s, Robert Wachter, ” Wachter, haven’t, Peter Chin, Topol, Dr, Sara Bode, Bode, It’s, ‘, ” Chin, Hong, You’ve, you’ve, Amanda Musa, Brenda Goodman, Deidre McPhillips, Meg Tirrell Organizations: CNN, George Washington University School of Medicine & Health Sciences, US Centers for Disease Control, CDC, Scripps, Research, Covid, Department of Medicine, University of California San, University of California, Morris Brown College, Nationwide Children’s Hospital, American Academy of Pediatrics ’, School Health, Internal Locations: Covid, Florida, University of California San Francisco, San Francisco, Atlanta, Columbus , Ohio, Washington

☆ Another thing to blame boomers for: inflation
▼ + stars: | 2022-12-02 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

It comes while over a million people are missing from the US workforce, a BlackRock study found. That's also one reason companies use to justify raising prices as inflation still remains high, even as it improves slightly. The labor shortage is here to stay, and it's not a good sign for inflationSeveral workforce factors are complicating things for the Fed. People are overestimating how much inflation will come down in the near term, the BlackRock study said, and they're underestimating the impact of a coming recession and earnings slowdown. In the long-term, however, the BlackRock study says stocks will be a good investment.

State media is blaming overzealous municipal officials for excessive lockdowns; they in turn have abruptly eased movement curbs. Stocks popped in mid-November when the government signaled it would relax draconian measures under President Xi Jinping’s “dynamic zero-Covid” policy. Officials will do well to avoid imitating Hong Kong, where Covid deaths per-capita set world records after Omicron hit. Singapore telegraphed its plan to lift quarantine and social distancing measures in stages after over 80% of its population was fully vaccinated. Instead of obsessing over infections, it referred to the number of patients in intensive care units to control the pace.

[1/7] U.S. Rep. Hakeem Jefferies (D-NY) walks on the day of House Democratic leadership elections on Capitol Hill in Washington, U.S., November 30, 2022. The vote by Jeffries' fellow Democrats also marked the rise of a younger generation of leaders in the 435-member House and the end of the Nancy Pelosi era. In 2007 she became the first woman to be elected House speaker. Jeffries, a 52-year-old New Yorker, will hold the position of House Democratic leader for the 118th Congress that convenes on Jan. 3. Democratic Senate Majority Leader Chuck Schumer said he was not surprised that Jeffries, a fellow Brooklynite, was chosen.

☆ U.S. House Democrats set to elect Hakeem Jeffries as first Black party leader
▼ + stars: | 2022-11-30 | by ( Richard Cowan | ) www.reuters.com time to read: +4 min

Jeffries, a 52-year-old New Yorker, is running for House Democratic leader for the next two years. If he is elected as expected during closed-door voting, he would become the first Black person to hold a top party leadership job in the House or Senate. "Meaningful policymaking and public engagement opportunities should be robustly distributed regardless of length of service," Jeffries wrote in a letter to fellow Democrats. Running for election as part of Jeffries' team are Representative Katherine Clark, 59, who is seeking the No. 2 Democratic whip job, and Pete Aguilar, 43, vying for Jeffries' current job of Democratic caucus chairman.

The number of working Americans aged 80 or over — such President Joe Biden — has risen from 1980. As seen in the above chart, 5.16% of Americans aged 80 and over had a job in 2022 as of October. Although the share of Americans age 80 and over with a job has tumbled some from it's high in 2018 per Insider's analysis, there are still plenty of older workers working past typical retirement age. And that's evidenced by poverty rates among older Americans standing higher than a decade ago as of 2021. However, not all older Americans want to keep working as they get older and will exit the labor force.

☆ ‘80 for Brady’ trailer’s got game
▼ + stars: | 2022-11-18 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

Sally Field, Jane Fonda, Rita Moreno and Lily Tomlin star as a group of octogenarians who are hardcore Tom Brady fans who travel to Super Bowl LI. “That’s like 80 in people years.”“We’re 80 in people years,” Fonda’s character says. And, naturally, Brady makes an appearance. Brady told Variety he enlisted his friends and former Patriot teammates Rob Gronkowski, Danny Amendola and Julian Edelman to make cameos as themselves. Anytime I get my friends involved in things that I’m doing, it makes it that much more enjoyable for me.”

☆ Top Democratic House leaders will become 31 years younger on average, led by Hakeem Jeffries, Katherine Clark, and Pete Aguilar
▼ + stars: | 2022-11-17 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +4 min

Democrats' top three US House leaders now average more than 82 years old. With House Speaker Nancy Pelosi and House Majority Leader Steny Hoyer announcing they'll leave Democratic leadership in 2023 — although remain in Congress — the average age of Democrats' expected top three leaders will drop by 31 years. Presumptive Democratic Minority Leader Hakeem Jeffries of New York is 52, presumptive House Minority Whip Katherine Clark of Massachusetts is 59, and presumptive Caucus Chair Pete Aguilar of California is 43. The current top Democratic leaders — Pelosi, Hoyer, and Rep. James Clyburn — are 82, 83, and 82, respectively. And Clyburn said he will "look forward" to "doing whatever I can to assist our new generation of Democratic leaders which I hope to be Hakeem Jeffries, Katherine Clark, and Pete Aguilar."

☆ Sen. Chuck Grassley, Iowa's longest-serving US senator in state history, faces off against Democrat Mike Franken
▼ + stars: | 2022-11-08 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

Explore more race results below. Sen. Chuck Grassley is running against Democrat Mike Franken in Iowa's Senate race. Iowa Senate candidatesGrassley, who is seeking an 8th term that would keep him in office well into his 90s, is one of the chamber's feistiest octogenarians. The money raceAccording to OpenSecrets, Grassley has raised more than $9.8 million, spent more than $8.6 million, and has $2.16 million cash on hand, as of October 19. His opponent, Franken, has raised more than $9.2 million, spent $8.6 million, and has $608,000 million cash on hand, as of October 19.

House Democrats have unified as they fight to retain their fragile majority in next month’s midterms. But given Biden’s unpopularity and the GOP lead on the generic congressional ballot (which asks only which party people would support), the more likely scenario is a bad election night for House Democrats. If Pelosi, Hoyer and Clyburn head for the exits, the leadership matchups become pretty clear. Democratic Caucus Chair Hakeem Jeffries, D-N.Y., conducts a news conference in the Capitol Visitor Center on Sept. 20. The Massachusetts Democrat has significant support from fellow female members and has stayed close to the Black, Hispanic and Asian caucuses — big voting blocs in the diverse 220-member Democratic Caucus.

☆ Pennsylvania Democrat says having all-octogenarian House leadership has put him at ease about the president running in 2024: 'To me, Joe Biden is young'
▼ + stars: | 2022-09-26 | by ( Warren Rojas | ) www.businessinsider.com time to read: +2 min

Democratic Rep. Brendan Boyle said he's fine with having an 80-plus year old Biden running in 2024. To me, Joe Biden is young," Boyle said, referring to aging House leaders. House Democratic leaders Nancy Pelosi, Steny Hoyer, and Jim Clyburn are all in their early 80s. To me, Joe Biden is young," the 45-year-old Pennsylvania Democrat told CNN, gesturing towards the House chamber run by 82-year-old Speaker Nancy Pelosi, 83-year-old House Majority Leader Steny Hoyer, and 82-year-old Majority Whip Jim Clyburn. —US Rep Brendan Boyle (@RepBrendanBoyle) November 1, 2020

☆ Majority of Americans say Donald Trump and Joe Biden are both too old to serve as president: poll
▼ + stars: | 2022-09-22 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

The majority of American adults say Biden and Trump are too old to serve in public office right now, according to a new poll. But respondents were more likely to say Biden was too old to serve. Democrats are more likely than Republicans to say Rep. Liz Cheney is "the right age" to serve. But more American adults feel that Biden is too old to serve than Trump, according to a new Insider/Morning Consult poll. Thirty-nine percent of Republicans said she is "the right age" to serve compared to 55% of Democrats.

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