Tag Archives: grow

World’s Senior Population Expected to Boom by 2050

Currently, people ages 65 and older make up a little less than 9 percent of the population worldwide. A new report commissioned by the National Institute on Aging (NIA) claims the world’s senior population is expected to grow to around 17 percent by the year 2050. These projections have the number of Americans 65 and older growing from 48 million people to 88 million. Continue reading

Helping Children Tomorrow

Parents and children often have a different perspective on saving and spending. Parents of retirement age today were born during the Great Depression or during the 1940s and have a strong desire to save and invest in order to increase economic security.

Some of their children may have a different perspective. Because their children did not grow up during adverse economic times, they tend to consume more and save less. Understandably, many of these parents hope that their children could have greater economic security during retirement. Continue reading