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Showing posts with the label financial health

The Housing & Retirement Puzzle

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Retirement is no longer about slowing down—it's about shifting gears.  Gone are the days of working a 9-to-5 job for four decades, followed by a quiet life of leisure. Today’s retirees are embracing flexible work arrangements, phased retirements, and mini-retirements—all while seeking communities that support an active, engaged, and financially sustainable lifestyle. But there’s a problem: housing.   A severe shortage of homes in desirable areas, coupled with soaring prices, is forcing retirees into difficult choices. The intersection of housing policy and retirement trends is reshaping how and where people age, creating both challenges and opportunities. Research shows that retirees in well-designed active lifestyle communities report higher satisfaction levels - 93% compared to the 73% average [1]. These communities prioritize connection, wellness, and engagement, offering fitness centers, social clubs, and easy access to everyday conveniences. But despite their appeal,...

Aging, Cognition, and Money

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Aging is an inevitable process, bringing with it not only physical changes but also cognitive shifts that can profoundly influence everyday life. Two recent papers, "Are Older People Aware of Their Cognitive Decline? Misperception and Financial Decision Making" and "Ageing Populations, Financial Capability and Household Financial Decision Making in the Context of Neo-Liberal Social Policy Systems" , explore an under-discussed yet critical aspect of aging: how older adults perceive and manage financial decisions amidst cognitive decline and shifting household dynamics. These findings don’t just reveal gaps in individual awareness but also highlight broader systemic challenges tied to aging societies. One of the key findings of the first paper is that older adults often underestimate the extent of their cognitive decline . This misperception can lead to poor financial decision-making, particularly among those who were once active stock market investors. The research ...