How Old Is D&B Nation

How Old Is D&B Nation

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June 29, 2017 / 5:45 AM
/ MoneyWatch

"Old" people are getting older. While this might seem obvious, a statistical perspective provides interesting insights into living and working in today's longevity revolution.
Research from John Shoven, a prominent economics professor at Stanford University, suggests that if your chance of dying within the next year is 1 percent or less, you might be considered "middle aged." The chart below shows that the threshold for men transitioning beyond middle age increased from about age 44 in the 1920s to about 60 today.
If your chance of dying within the next year is 2 percent or more, Shoven suggests you might be considered "old." The above chart shows that the threshold age for being considered old for men increased from about 55 in the 1920s to 70 today.
And finally, if your chance of dying within the next year is 4 percent or higher, you might be considered "very old" or "elderly." The above chart shows that this threshold for men increased from about 65 in the 1920s to 76 today.
Note that by these definitions, "old" in the 1920s -- 55 -- is now considered "middle aged" today, and "very old" in the 1920s -- 65 -- is now considered merely "old" today.
Shoven suggests that reduced mortality rates correlate roughly with improved health and vitality at all ages, and can be used as a proxy measure for aging.
By these measures, women today transition out of middle age around 65, a number that has increased from the late 40s in the 1920s. "Old" for women today is about 73, which increased from the late 50s in the 1920s. And "very old" today is about 80, an increase from about 67 in the 1920s.
But these are just numbers. How do today's boomers look and feel? It's insightful to compare photos of the boomers' parents and grandparents when they were in their 60s and 70s -- they look a lot older than today's boomers of the same age.
These are the fortunate consequences of the longevity revolution we've been experiencing over the past several decades. It results from virtually universal access to clean water, sanitation, waste removal, electricity, refrigerators and vaccinations, and continued improvement in health care. Many demographers predict longevity will keep lengthening in the decades to come.
Howver, while we should be dancing in celebration of our longer and healthier lives, instead we're wringing our hands over the significant challenges of an aging society.
The statistics cited above point to the compelling need for people to continue working in some manner during their later years. But as a society, we set cultural expectations for appropriate retirement ages decades ago, when many people in their 60s and 70s were unable to work and were considered "old" or "very old."
We'll need to rethink those expectations. It's simply too expensive to continue adding more and more years to the retirement phase of our lives. That requires savings levels that we just can't afford, and it's putting serious strains on Social Security and pension systems.
According to Shoven, "It's very expensive to fund 30-year retirements over a 40-year career," a fact that points to the economic necessity for many people to work longer than prior generations did.
It also doesn't make sense to stop working altogether now that we're no longer considered "old" in our 60s or 70s and are still physically capable of earning a paycheck and contributing to society. And people can also gain social and health benefits by working in their later years.
Society faces significant challenges adjusting to the greater number of people living longer. However, wouldn't you rather face these challenges than go back to the " good old days " when "old" people were a lot younger than today?
View all articles by Steve Vernon on CBS MoneyWatch»

Steve Vernon helped large employers design and manage their retirement programs for more than 35 years as a consulting actuary. Now he's a research scholar for the Stanford Center on Longevity, where he helps collect, direct and disseminate research that will improve the financial security of seniors. He's also president of Rest-of-Life Communications , delivers retirement planning workshops
and authored Retirement Game-Changers: Strategies for a Healthy, Financially Secure and Fulfilling Long Life and Money for Life: Turn Your IRA and 401(k) Into a Lifetime Retirement Paycheck .

First published on June 29, 2017 / 5:45 AM

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Social star and public figure who is recognized for being the mother of popular TikTok creators Charli and Dixie D'Amelio .
She began posting photos of her daughters on Instagram in 2012.
She has over 2.4 million followers on her personal Instagram account, where she posts promotional content for her daughters, family pictures and more.
Her maiden name is O'Brian and she's from Lafayette, Louisiana. She has appeared on the social feeds of her daughters Charli and Dixie. She married Marc D'Amelio on May 13, 2000.
Her daughters often collaborate on social media posts with other prominent creators such as Avani Gregg and Madi Monroe .

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Charles Shay was a 19-year-old Army medic during the invasion.
AP

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Charles Shay was the only veteran at a ceremony in Carentan, where paratroopers landed in the early hours of D-Day, when the small French town marked the 77th anniversary of the epic World War II invasion Friday.
He is also expected to be the sole representative of the more than 150,000 allied troops who landed on Normandy’s beaches at Sunday’s anniversary day ceremony at the Normandy American Cemetery of Colleville-sur-Mer.
The 96-year-old Native American from Indian Island, Maine, now lives in the country he helped liberate from the Nazis as a 19-year-old Army medic.
Travel restrictions due to the pandemic are preventing other vets and families of the 4,414 who died in the battle from making the trip, The Associated Press reported .
“We have no visitors coming to France … for two years now,” Shay said. “And I hope it will be over soon.”
With the number of D-Day survivors dwindling — only one remains from the French commando unit that joined the allied troops from the U.S., Britain, Canada and other countries in storming Normandy’s beaches — Shay’s lone representation is even more poignant. The National D-Day Memorial estimates about 2,600 U.S. D-Day veterans survive.
France is planning to open its borders to visitors next week, too late for the D-Day anniversary. Most public events in the country were canceled because of COVID, and those being held have just a few dignitaries and guests.
To counter that, local residents are attending in greater numbers, some arriving in restored jeeps and dressed in old uniforms and creating a celebratory atmosphere at the commemorations.
Pascal Leclerc, a member of the Remember Omaha Beach 44 group, shared the same joy. “We missed it a lot. That’s just fun, happiness, and also being able to pay tribute to all the veterans. That’s the main goal,” he said.
“In France, people who remember these men, they kept them close to their heart,” Shay said. “And they remember what they did for them. And I don’t think the French people will ever forget.”

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