Well, it looks like you’re about to be encumbered — between aging relatives and stay-at-home adult children. Italy and Germany now have 1-in-5 people over age 65, a demographic state of affairs the U.S. will reach in approximately 2050. The Washington Post reports on a Pew Research study looking at those countries, to get a glimpse of our future. There are lots of interesting statistics in here, but the most eye-catching is attitudes towards providing hands-on care for your elderly relatives. One-in-four Italians provide such support, but currently only 14% of Americans.
Which do you want first? The good news or the bad? Well, the good news is, the number of preventable hospitalizations amongst seniors is down 11% since 2013. That’s excellent! However, there’s a 15% increase in the number of elderly who do not get enough exercise regularly. Fierce Healthcare covers the America’s Health Rankings report in more detail, but the bottom line is clear, and it’s been said on this blog before. Get out there and get moving! Come on — don’t you want to do better than Mother Tally? Make it a goal to be playing your sport until you’re 105!
Last week Wednesday, this blog reported on Sen. Shelby’s discussion draft of The Financial Regulatory Improvement Act of 2015. For those of you who are inclined to delve a little deeper into these things, and who haven’t already done so, you may be interested in the Wall Street Journal’s critique of the draft. The upshot is, the particular way the bill proposes to loosen the requirements around qualified mortgages may, in fact, put banks in a worse position than they were before the 2008 collapse — and no one wants to see that again. Well worth the read if you have an opinion on banks’ ability to self-assess their risks.