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Archive: October 2013

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NCRC Releases Report on the Need for Age-Friendly Banking

posted Thu, Oct 31, 2013

The National Community Reinvestment Coalition recently released a report entitled, "A New Dawn: Age-Friendly Banking". The report highlights the current economic vulnerability of older adults and outlines a series of age-friendly banking principles. John Taylor, the President and CEO of NCRC, affirmed that the NCRC is "committed to ensuring that older adults have access to 'age friendly banking'" .

"Elders are here to teach us how to live" - Dr. Bill Thomas

posted Thu, Oct 31, 2013

This letter to the Baltimore Sun covers an address by Dr. Bill Thomas, creator of the GreenHouse project, on the subject of aging.

MetLife Fdtn Launches $200M Campaign for Financial Inclusion

posted Mon, Oct 28, 2013

The MetLife Foundation has announced the launch of a five-year, $200 million campaign to bring financial services to low-income communities in Asia, Europe, Latin America, the Middle East, and the United States. To help kick off the campaign, the foundation announced grants to ACCION International, the Corporation for Enterprise Development, the Consultative Group to Assist the Poor, the Local Initiatives Support Corporation, Pro Mujer, and Women's World Banking.

Kansas City treasures...at the GIA annual conference

posted Mon, Oct 28, 2013

In this blog, Bridget McCandless, CEO of the Health Care Foundation of Kansas City and a first-time attendee at the GIA annual conference, reflects on a session featuring three prominent KC philanthropists. As she writes, "their discussion focused on making long-lasting changes, supporting self-sufficiency, of having high expectations for people and of themselves, and of good stewardship."

Banking should be more age-friendly: new NCRC report

posted Fri, Oct 25, 2013

Today, the National Community Reinvestment Coalition (NCRC) released a new report entitled “A New Dawn: Age-Friendly Banking.” The paper provides an overview of the current economic vulnerability of older adults and proposes a core set of age-friendly banking principles. National Neighbors Silver is a multi-year campaign to empower, organize and support economically vulnerable older adults. Combining advocacy, organizing and direct services the campaign promotes access to quality banking services and adequate housing for older adults. Working with the banking industry, the aging network and housing experts, National Neighbors Silver offers a platform for policy and program solutions to build economic security and preserve wealth for aging Americans.

GIA's John Feather quoted on LTC insurance challenges

posted Tue, Oct 22, 2013   by LifeHealth Pro

In this write-up of the Altarum Institute panel discussion on advanced old age in America, GIA's John Feather, a panelist, is quoted discussing the need for local solutions to the long term care challenge.

Powerful Tools for Elder Economic Wellbeing: webinar 10/30

posted Tue, Oct 22, 2013   by GIA

Nearly 23 million older adults in the U.S. are economically insecure—either living in poverty or one “bad break” away from it, and lacking the resources to support their basic health, nutrition, housing, and daily needs. In this webinar, grantmakers will learn about: Progress to date and lessons learned from a new holistic approach to economic security that involves a new way of thinking about service delivery at the community level; the Economic CheckUp, a new online consumer tool from the National Council on Aging (NCOA), that can empower low-income seniors to assess their needs and seek assistance; the economic advantages of connecting seniors to these services, both for individuals and the broader community; and promising approaches to advocacy around these issues and the role that funders can play in these efforts. Speakers: Naomi Stanhaus,Program Consultant, The Retirement Research Foundation; Ramsey Alwin, Senior Director, Economic Security, National Council on Aging; Special thanks to our sponsors, The John A. Hartford Foundation and the Retirement Research Foundation.

Aging boomers fuel start-up wave

posted Mon, Oct 21, 2013   by Associated Press

The annual entrepreneurial activity report published in April by the Ewing Marion Kauffman Foundation of Kansas City, Mo., found the share of new entrepreneurs ages 55 to 64 grew from 14.3 percent in 1996 to 23.4 percent last year. Entrepreneurship among 45- to 54-year-olds saw a slight bump, while activity among younger age groups fell. The foundation doesn’t track startups by those 65 and older, but Bureau of Labor Statistics data show that group has a higher rate of self-employment than any other age group.

NYT: Elderly will need help as they age at home

posted Thu, Oct 17, 2013   by New York Times "Room for Debate"

As baby boomers, some 78 million strong and our nation’s largest demographic group, head into their retirement years, they will present enormous challenges for housing providers and policy makers, writes former HUD Secretary Henry Cisneros, in this New York Times "Room for Debate" piece. The overwhelming majority will seek to “age in place” in their own homes and communities, foregoing long-term institutional care. The potential savings to our health care system are great. But many homes and communities lack the structures and services that make aging in place safe and affordable. For millions of older Americans who spend more than half their income just to cover housing costs, financing options will be more limited

AP: Global study: World not ready for aging population

posted Thu, Oct 17, 2013   by Associated Press

The world is aging so fast that most countries are not prepared to support their swelling numbers of elderly people, according to a global study issued recently by the United Nations and an elder rights group. The report ranks the social and economic well-being of elders in 91 countries, with Sweden coming out on top and Afghanistan at the bottom. It reflects what advocates for the old have been warning, with increasing urgency, for years: Nations are simply not working quickly enough to cope with a population graying faster than ever before. By the year 2050, for the first time in history, seniors older than 60 will outnumber children younger than 15.

GIA: Community AGEnda gets $1.3M grant from Pfizer Fdtn.

posted Wed, Oct 16, 2013   by GIAging.org

GIA is pleased to announce that it has received a second year of funding for Community AGEnda from the Pfizer Foundation, and has made renewal grants to all five Community AGEnda sites. Learn more about how we're working to help communities become more age-friendly -- great places to grow up and grow old. Read the full news release.

Aging, Taxes and the State of the Labor Market

posted Wed, Oct 16, 2013   by New York Times ECONOMIX blog

Both aging and taxes will prevent the usual labor market metrics from getting back to their pre-recession levels, writes Casey Mulligan, an economist at the University of Chicago, in the New York Times, Economix blog. Two of the six percentage points of the current depression ... is a consequence of population aging between 2007 and 2013. Because the Federal Reserve and other policy makers cannot stop the aging process and the labor supply shifts that go with it, they should understand that their job of helping recovery will be finished before the red series gets back to 100.

Intergenerational Communities Awards seeks nominations

posted Thu, Oct 10, 2013   by Generations United

MetLife Foundation and Generations United are searching the nation for communities that place immense value on intergenerational connections and quality of life for all. If your community fits that description, apply for the third annual Best Intergenerational Communities Awards program. Applications must be submitted by Nov 8, 2013. For more information visit: http://www.gu.org/OURWORK/Programs/BestIntergenerationalCommunities.aspx

Endowment for Health Begins Work in Early Childhood

posted Thu, Oct 10, 2013   by Endowment for Health

The Board of Directors of the Endowment for Health, New Hampshire's largest health foundation, announced its five-year focus including new work in the fields of early childhood development and elder health. The Endowment's shift in focus reflects a rigorous process aimed at determining how best to deploy resources for maximum social impact. According to the Endowment for Health President Steve Rowe, the Endowment hopes to "ensure that the health of all Granite Staters remain unchanged" and "articulate a new, aspirational vision to help guide future work".

NPR: Delaying Aging May Have A Bigger Payoff Than Fighting Disease

posted Tue, Oct 8, 2013   by NPR "Shots" blog

Curing cancer and eliminating heart disease has been the holy grail of medical research, this NPR report explains. But there could be even greater benefits if aging itself could be delayed, a study finds. This is not quite as farfetched as it sounds. While the anti-aging "cures" being marketed these days are largely snake oil, in the laboratory scientists have managed to extend the lives of laboratory animals. And they have a better understanding of the mechanisms of biological aging. That's good news if you're a lab rat, but at present there are no treatments that delay aging in people. The study published today in Health Affairs offers statistical evidence that delaying aging in people would extend life expectancy even more than would a decline in cancer or heart disease.

World not prepared to support growing elderly population, report by UN, aged care group finds

posted Fri, Oct 4, 2013   by Washington Post

The world is aging so fast that most countries are not prepared to support their swelling numbers of elderly people, according to a global study being issued Tuesday by the United Nations and an elder rights group. The report ranks the social and economic well-being of elders in 91 countries, with Sweden coming out on top and Afghanistan at the bottom. It reflects what advocates for the old have been warning, with increasing urgency, for years: Nations are simply not working quickly enough to cope with a population graying faster than ever before.

Surviving Spouses With Reverse Mortgages Win Case

posted Wed, Oct 2, 2013   by New York Times

It’s a jarring situation: Your spouse dies, and you end up facing the possible loss of your home through foreclosure--just because you aren’t listed as a borrower on a reverse mortgage on your home. But a court ruling this week in a case brought against H.U.D. on behalf of Mr. Bennett by AARP Foundation Litigation should lead to regulatory changes that will help him and others like him remain in their homes, said Jean Constantine-Davis, a senior attorney with the foundation. The United States District Court for the District of Columbia ruled Monday for the AARP, finding that H.U.D.'s rules contradict federal law governing reverse mortgages, which protects surviving spouses. The court sent the matter back to the housing agency for a fix.


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