Planning to Retire
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When Does Old Age Begin?
Continue reading… 8 CommentsWhen does someone become old? At age 68. That’s the average of 2,969 answers provided to this question in a recent Pew Research Center telephone survey of Americans age 18 and older. But the responses varied depending on the age and gender of the person answering the question. Most people under age 30 (60 percent) said the typical person becomes old before reaching their 60th birthday. Those currently age 65 and older say old age begins at age 74. Women, on average, say a person becomes old at age 70, while men say age 66 is old.
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Baby Boomer Businesses are Booming
Continue reading… 7 CommentsWe like to think that most entrepreneurs are 20-somethings starting Web-based businesses in their garages. Although there are a few famous business titans who launched companies shortly after college or even dropped out, that is far from the norm. Americans between the ages of 55 and 64 have had a higher rate of entrepreneurial activity than those age 20 to 34 in every year between 1996 and 2007, according to a recent study by the Kauffman Foundation. Dane Stangler, a senior analyst at the Kauffman Foundation and author of the study, says baby boomer entrepreneurship is likely to continue throughout the current recession, both out of necessity after a layoff and because some baby boomers have always wanted to work for themselves.
