Info-graphic: See How Old Americans Are Getting

Changing demographic patterns and a rapidly aging population have “major implications” for policy and politics, says a Pew Center on the States infographic. The oldest states, which include Maine, Vermont , West Virginia and New Hampshire may be even more pressed for time when it comes to preparing for long-term care and other challenges that […]

Public Housing Units Need $25.6 Billion in Repairs, HUD Says

The United States’ 1.2 million public housing units need an estimated $25.6 billion for large scale repairs, including public senior housing units, says a recent Department of Housing and Urban Development study. The study, titled “Capital Needs in the Public Housing Program,” updates an analysis from 1998 to estimate the current capital needs in U.S. […]

AARP Releases Pandora-Like Radio for 55+ Demographic

An online music player specifically catering to the 50+ demographic launched this week through AARP’s website, AARP.org. The player launched through a team effort including AARP and Concord Music Group. The streaming music player, which operates similarly to mainstream music players like Pandora and Slacker, features 18 channels spanning several genres of music. The music […]

Home Values Rise for First Time in 8 Months says S&P Case/Shiller

For the first time in eight months, home prices saw a month-over-month increase in April according to the Standard & Poors/Case-Shiller Home Price Indices. During April, the 10- and 20-City composite indices increased 0.8% and 0.7% respectively, compared with their March 2011 levels. Both indices remain below their April 2010 levels. “In a welcome shift […]

Wells Fargo, Leading Reverse Mortgage Lender Exits Business

Wells Fargo announced it will no longer offer reverse mortgages to customers last week. The decision to close down its retail channel stems from economic uncertainty and restrictions associated with reverse mortgages that make it difficult to determine seniors’ abilities to meet the obligations of homeownership. “Home values are pretty unpredictable right now, and when […]