How Long Can Seniors Work?
Ive discussed how traditional pensions are going the way of Best Buy and RIM, and the related looming financial problems for Baby Boomers entering their senior years. By sheer numbers, there will be plenty of ageing Americans seeking senior housing in the next decade. But the numbers will not be as big as expected since a lower percentage of older people will be able to afford decent accommodations on their own. As I have pointed out, instead more seniors will be living with their children and/or grandchildren to make ends meetthey will have insufficient savings and inadequate pensions. Social Security will certainly not cover enough to meet most basic needs.
IRVINE, CA—A strong local economy and jobs have led to markets like Orange County to be the best for office investors, but demand and the supply pipeline vary widely among submarkets, Ten-X’s Peter Muoio tells GlobeSt.com.
WASHINGTON, DC—“Steady hiring and low local unemployment levels are finally supporting higher wages and increased spending,” with positive implications for commercial property demand, says Lawrence Yun at the National Association of Realtors.
WASHINGTON, DC—The nationwide program will bring real-time arrival information for a variety of transportation modalities to the lobbies of properties managed by JLL.
SAN DIEGO—According to Mohamed A. El-Erian, chief economic advisor at Allianz, and former CEO and co-CIO of PIMCO, politics will remain noisy, but will not fundamentally contaminate the central banks.