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Stories Tagged as

Baby boomers

Is income inequality the reason why interest rates have been low?

by David Brancaccio , Chris Farrell and Daniel Shin
Sep 16, 2021
Wealthy people and their savings are driving down interest rates, a recent paper suggests. Marketplace contributor Chris Farrell explains it.
A recent paper by economists suggest income inequality is the reason why interest rates have been low for decades. Above, a 2011 news report shows the Federal Reserve decided to keep interest rates near zero until 2013.
Photo by Mario Tama/Getty Images
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Multigenerational households make good economic sense

by David Brancaccio , Chris Farrell , Meredith Garretson and Rose Conlon
Jan 5, 2021
The most recent numbers we have show 20% of the American population is living in multigenerational households.
"The multigenerational home is a safety net, yes. But the bigger story is the compelling economics of multiple generations living under one roof," says Marketplace senior economics contributor Chris Farrell.
Morsa Images via Getty Images
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Massachusetts extends a lifeline to ailing nursing homes, but more closures are expected

by Adrian Ma
Sep 3, 2019
They're pinched by rising costs and a shortage of skilled caregivers.
A physical therapy aide helps a man exercise at a nursing home.
Scott Olson/Getty Images
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Co-housing offers people a way to age at home

by Danielle Prieur
Jul 25, 2018
The American Association of Retired Persons estimates about three-quarters of people 45 and older want to stay in their homes as they age.  One way for them to do that is co-housing. It gives people the opportunity to live independently but in a community where they share some expenses and activities including chores. There are 165 […]
One way to keep aging people in their homes longer is through co-housing. 
JEFF PACHOUD/AFP/Getty Images
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To keep up with an aging generation, experts say senior living is being viewed more as hospitality

by Allison Lee
Apr 18, 2018
The baby boomer generation is changing the way we think about senior living.
Marilyn Oliver (far left), 89, attends barre class with other Avanti Senior Living residents, in Houston.
Allison Lee for Marketplace
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Millennials with "boom-mates" could ease the housing crunch

by Adam Allington
Aug 8, 2017
Renting a room from an empty nester can save a young person thousands a year. The older generation gets something, too.
Justin Sullivan/Getty Images
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As the workforce ages, companies rethink retirement

by
Jul 28, 2017
More people and companies are looking at the benefits of a flexible approach to work.
MYCHELE DANIAU/AFP/Getty Images
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How to make the most of your side hustle

by Marketplace Contributor
Jul 24, 2017
How 44 million Americans make the most of their spare time.
NICOLAS MAETERLINCK/AFP/Getty Images
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Baby boomers begin mandatory retirement account withdrawals. Are they ready?

by Adam Allington
May 29, 2017
Seventy and a half. That is the magic age that starts mandatory withdrawals from 401(k)s and other tax-deferred retirement accounts. The oldest members of the baby boom generation start hitting that age this year, and the milestone is expected to have significant implications for the financial services industry. Click the audio player above to hear […]
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Baby boomer entrepreneurs hope co-op model will keep business going

by Sam Harnett
May 3, 2017
Almost half of the country's privately-owned businesses are owned by Baby Boomers. What happens when they retire?
For 36 years Dan Knapp and Mary Lou Deventer have made money out of other peoples' trash.
Sam Harnett
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