Now more than ever, Americans are delaying—or working into—retirement. According to the Bureau of Labor Statistics, adults past the traditional retirement age of 60-70 will soon be the fastest-growing segment of the workforce. Whether these adults choose to continue their long-time career or start over with something new after retirement, it’s clear that people are continuing to work later in life.
Similar to buying a new car or a new house, senior housing is an investment for you or your loved one. While retirement costs shouldn’t break the bank, it’s essential to understand the value of what you or your loved one are paying for.
First and foremost, Franklin Park Senior Living would like to thank all of the brave men and women who have served, and those continuing to serve our country. If you are a senior veteran, you may not be fully aware of what benefits you are eligible for, or how to properly apply and collect your veteran benefits.
With the summer season comes a list of outdoor activities for those of all ages to enjoy! While exploring the great outdoors, for the most part, can be fantastic, it can also be dangerous when it comes to your body’s needs. Exploring outside and participating in activities is key to a healthy and happy lifestyle, so it’s important to find ways to best prepare your body for an outdoor adventure. Did you know, as you age, your sense of thirst will decrease? That does not mean you need less water!
Adult Orphan, “Solo Ager,” and now Solo Senior, each of these terms can be used to describe the same thing. What does it mean? Are you prepared? How does a Solo Senior plan for the future? Here at Franklin Park, we break down all these questions and more in our guide for Solo Seniors.
Today’s Seniors Are Redefining Retirement. Our idea of retirement used to include images of late afternoon naps on the porch sitting in the rocker with little thought of the outside world. There is certainly a change in lifestyle that retirement brings to mind. Words like slower, winding down, relaxing, and disengaging were once a part of the vocabulary that we used to describe this season of life. The freedom found in retirement used to be directed towards disconnecting and unplugging.
Senior living communities, offering independent living or assisted living, or both, have become increasingly popular with aging adults. They provide a safe, active and engaging environment for those who no longer wish to be burdened with the responsibilities of maintaining a home, or for whatever reason, can no longer live on their own. For many years, a person's only option was a nursing home, but senior living communities now provide a more inviting environment.
Baby Boomers are defined as being born between the years of 1946 and 1964. This generation includes around 76 million Americans. This year, the oldest of boomers are celebrating their milestone birthday of 70; and the youngest is now 52 years old, not yet eligible to become an AARP member.
So what makes a baby boomer? After World War II ended and as America was improving from the Great Depression, people celebrated. It was a time of peace, of recovery and most of all: love. This time of celebration resulted in a sharp increase or "boom" of babies being born and marked the beginning of this generation. As these babies are now the next generation of seniors, what struggles are they facing?