Nexus Insights

Lois Bowers recaps the biggest headlines of 2023. McKnight's Senior Living #YearInReview #SeniorLiving

I hadn’t encountered the term “flextirement” until Richard Eisenberg shared this article. Will it be “the future of work,” as author Neil Costa says? As defined in this piece, it very well could be. Here’s why: ➡As Boomers reach the traditional retirement age, most will have more than one goal. They see this stage of their life as one part purpose, one part passion, and one part paycheck, as Marc Freedman, of CoGenerate (Formerly Encore.org) has said. As Costa writes, “flextirement has everything to do with striking a balance between employees and employers as opposed to flipping the switch from employee to retiree.” That balance will allow older adults to meet all three goals.     (Jacquelyn Kung, Paul Irving, Ed Frauenheim and I have written about this topic in the Harvard Business Review, too: https://lnkd.in/eAHFUmDw)  ➡As Ken Dychtwald says, many older adults are looking to be useful, not youthful, in their retirement years. A job — whether it’s full-time or part-time — allows them to feel useful, adding to the sense of purpose that makes life worth living. ➡With longevity increases, age 65 isn’t “the beginning of the end” for many Americans. Instead, it’s just the beginning of the next stage. Based on current trends, many older Americans can expect to live another 8,000 days after their 65th birthday.  Most of them will not want to spend that time simply crossing off items on their bucket lists until they kick the bucket. Instead, they will want to stay creative, productive and engaged. “Flextirement” allows them to do that by remaining in or returning to the workforce. It’s important to add that “flextirement” would accomplish more than meeting older workers’ needs. It helps everyone. Our economy desperately needs more workers and older workers are a large, underutilized resource.  In addition, the research clearly shows that multigenerational teams do better work. In the future — the near future — the companies that recognize this will be the ones that succeed. Firms that enforce arbitrary, mandatory retirement ages will suffer. Those that offer workers in their 60s, 70s and 80s a chance to contribute and a good amount of flexibility will win. cc: Vanessa Liu, Sugarwork

Posted by my colleagues at WorkingNation. Considerations for those who fail to appreciate the value of #caregivers and demean the #immigrants who so often serve in critical #caregiving roles. #agingpopulation #careeconomy #health #publichealth #publicpolicy #intergenerational CoGenerate (Formerly Encore.org) Milken Institute Center for the Future of Aging USC Leonard Davis School of Gerontology AARP Stanford Center on Longevity Center for Workforce Inclusion National Domestic Workers Alliance National Investment Center for Seniors Housing & Care (NIC) Nexus Insights

Research by Harvard Medical School HCP's David Grabowski and The Warren Alpert Medical School of Brown University addresses long-term impact on various aspects of U.S. Nursing Home care with support from the Warren Alpert Foundation. #nursinghomes #healthcarepolicy

Bob Kramer discusses with McKnight's Senior Living's Lois Bowers how senior living operators must customize and personalize their offerings to attract and keep residents. “You cannot be successful today offering plain vanilla assisted living. In order for operators to be successful, they’re going to have to supply more and more diversity of product.”

Anne Tumlinson, founder of Daughterhood and CEO of ATI Advisory, a policy research and consulting group, said that the elder care system in the United States is underfunded, leading to insufficient choices for those who can afford care. Even families with financial resources struggle to find quality care, highlighting the systemic challenges embedded in the current structure. Private markets alone cannot address the complexities of elder care, said Tumlinson, who was speaking at a webinar held to discuss the KFF Health News and New York Times joint series, “Dying Broke,” an investigation into America’s long-term care crisis. She advocated for government intervention, citing the need for a new public program that provides financial support for elder care. Read more at Skilled Nursing News

In this special edition of Generations Journal, contributors discuss structural ageism and how it intersects with other -isms. American Society on Aging #Ageism

"According to The National Institutes of Health, caregiving has all the features of a chronic stress experience: it creates physical and psychological strain over extended periods of time; it’s difficult to predict or control; and it can negatively impact work, social life, and family relationships." Read these tips from Lifespark on how to address #familycaregiver burnout.

Senior Director Diane Ty recently spoke at the Hevolution Foundation Global Healthspan Summit in Riyadh to provide a holistic view of healthspan, longevity, and how we can work together to change public perceptions of aging. Catch a clip of the conversation here: #aging #socialconnections #exercise #financialplanning

"With an increasing number of single people (approx. 30%) and those living alone (approx. 14%), the temptation to hire vendors can be great and, sometimes necessary, for those without immediate family and friends to help. However, single people generally report higher levels of loneliness, and relying solely on vendors can exacerbate this risk. Help with decorations could be an opportunity for social interaction and to make a new friend." Read more from Ryan Frederick, CEO of Here (Formerly Smart Living 360)