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☆ Tech Companies in Silicon Valley Can’t Keep Ignoring Seniors - The New York Times
▼ + stars: | 2023-09-06 | by ( Farhad Manjoo | ) www.nytimes.com time to read: +3 min

The tech industry’s hostility to aging “continues to violate common sense,” Joseph Coughlin, the director of M.I.T.’s AgeLab, told me. Through advances focused on health care, home assistance, transportation, robotics and artificial intelligence, technology will be crucial to address the problems emerging from demographic imbalance. “And yet they continue to ignore them.”What can Silicon Valley do for older people? Many of these promise to allow older people a measure of independence from family caregivers or health care facilities. There are companies that use in-home cameras, audio devices and biometric sensors to let health care providers monitor homebound seniors from afar, something like Life Alert for the digital age.

Persons: “, ” Joseph Coughlin, —, ” Coughlin Organizations: Medicare Locations: Silicon, ”

Zeljkosantrac | E+ | Getty ImagesWhen it comes to planning for longevity, experts say it helps to envision your future self. A new aging filter trending on TikTok can help make that a reality. Use an aging filter to overcome retirement inertiaA recent Bankrate survey found not saving for retirement early enough is the number one financial regret. Experts say increasing your retirement savings deferral rate just slightly, say by 1%, can make a big difference over time. watch nowThe TikTok aging filter may serve as inspiration, but only if savers take the necessary follow-up steps, experts say.

Persons: Hal Hershfield, Joseph Coughlin, Coughlin, Hershfield, Carolyn McClanahan Organizations: Massachusetts Institute of Technology, University of California, Planning Partners, CNBC Locations: Los Angeles, Jacksonville , Florida

Darya Komarova | Moment | Getty Images'The dots need to be connected for consumers'Exposure to our older selves is only part of the process of making decisions for retirement, experts say. While the TikTok filter has recently made it popular to look at our future selves, this type of application has been around since the early 2000s, said Joseph Coughlin, director of the Massachusetts Institute of Technology AgeLab. Once people see an image of their older selves, they tend to feel differently about their future decisions. Successful, lasting behavioral changes typically come with incentives to work toward, such as saving money or exercising, Coughlin said. Pairing the videos with prompts to save more money or invest more toward retirement may be effective, according to UCLA's Hershfield.

Persons: Darya, Joseph Coughlin, Coughlin, UCLA's Hershfield, Hershfield, Victor Ricciardi, Ricciardi, Carolyn McClanahan, Drazen Zigic Organizations: Massachusetts Institute of Technology AgeLab, Ursinus College, Behavioral Finance, Planning Partners, CNBC FA, Istock, Getty Locations: Jacksonville , Florida

☆ 3 ways to rethink old age and retirement, MIT expert says
▼ + stars: | 2023-04-25 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Americans are living longer — and it's changing the nature of retirement planning. The classic retirement framework aims for seniors to have enough money to fund their lifestyle in old age. While not incorrect, the framework is "incomplete," Joseph Coughlin, director of the Massachusetts Institute of Technology AgeLab, told CNBC. "Longevity planning" is a better way for society to think about old age — especially since the future is "much grayer than it's ever been before," he said. "Leisure is a story we wrote for retirement when it was short," said Coughlin, author of "The Longevity Economy: Unlocking the World's Fastest-Growing, Most Misunderstood Market."

☆ A booming market for gear to help seniors grow older at home is creating an opportunity for investors
▼ + stars: | 2023-01-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

Alphabet, Amazon and Best Buy are among the fund's plays on the aging in place theme. Best Buy breaks into the space It's Best Buy that has really been doubling down on its efforts to break into the space. Best Buy sees the role of technology within health care becoming much more important. Medicare Advantage's health care at home coverage includes primary care, transitional care when someone is released from a hospital and often hospice care, she said. That should lead to higher earnings power, said Baker, who has a buy rating and $237 price target on Lowe's stock.

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