- Institute of Aging unleashes ageless art.
- Highlights from Aging 2.0 Optimize in San Francisco.
- Virtual daughter wins AARP price.
- The demographic trends behind urban real estate.
- Untangling complex retirement rules with software.
- Social media opens to financial advisors.
- Entitlement spending for baby boomers.
Graffiti is ageless, there is no right & wrong
(click photo to watch YouTube video)
Graffiti artist in San Francisco. He just happens to be at the Institute of Aging, led by the inspiring artists at Crewest.
Opportunities for innovation discussed at Aging 2.0, San Francisco
The expectation of tech-enabled care is showing up on providers’ doorsteps:
- “Five years ago, we didn’t even have wifi in our buildings. We’re just now getting our head around what it means to have technology-enabled staff and residents.” People are “showing up” with their smartphones and “expecting us to have them integrate with their care.”
- Home care is providing a lot of innovation. Apps allow patients and their caregivers to manage care plans and medications. Now, healthcare providers are “dipping their toes in the water” to use these apps.
- Healthcare providers barely integrate medical and social services. Doctors don’t know how to refer to social services. Instead of counting on doctors, could technology bridge this gap?
- Geriatric care is very siloed. There are 10 classes of “acute and post-acute” care (in the hospital, and afterwards). Could technology help in sharing data, and untangling Medicare reimbursement knots?
- Some Electronic Health Record systems have opened up their information storage through open APIs. Could new software make use of this data to break down silos?
Read coverage of Aging 2.0 in San Francisco: “What the senior and aging care industry wants from digital health innovators,” MHN.
Read coverage of startups exhibiting at Aging 2.0: “The technology of getting older: HIghlights from the Aging 2.0 Optimize conference.” BizJnl[/vc_column_text][vc_column_text]
Virtual daughter wins AARP prize
(click illustration to watch video)
AARP awarded Care Angel their $50,000 prize for innovation.
Care Angel helps distant, caregiving daughter or son with daily check-ins. Care Angel telephones the elder on their landlind telephone every day. The Care Angel asks how the elder is doing, ask if they took their meds, ask about their appetite, how they slept, blood pressure and glucose readings. PRN[/vc_column_text][vc_column_text]
Demographics favor urban real estate, no cars
More millennials and retiring baby boomers are choosing urban apartments over suburban communities:
The youngest of the Millennials will still be considered “prime renters” until 2035.
- Millennials are less interested owning a home. Declining homeownership should benefits multifamily apartment buildings
- Millennials are less interested in owning a car. They don’t want a parking space. They want retail shops, movie theaters, restaurants. This favors buildings in core urban areas.
- Millennials will go to where the jobs are, and these are generally in larger cities. Once there, they will rent. Axiometrics
Baby Boomers are also interested in urban areas, not for jobs but for walkability and car-less transportation.
- Walkable, mixed-use environments could reduce disabilities as boomers mature.
- Many boomers prefer walkable cities. The most walkable cities are also the most expensive: New York, San Francisco and Boston.
- In the past, retirement communities were isolated and gated. Today, developers are building for urban retirees. NYTimes.
Software untangles complex retirement income rules
Conventional wisdom about withdrawing money from taxable accounts can be all wrong.
Coordinating the withdrawal of income from specific accounts can significantly raise a retirees net income. ThinkAdvisor.
Most retirees take benefits too early. Analyzing “what if” scenarios is easier with software such as SSAnalyzer.[/vc_column_text][vc_column_text]
Social media opens to financial advisors
HootSuite, the leading tool for managing social media, now offers a tool for financial advisors.
Financial advisors know that it’s difficult to be active with clients on social media, given that each tweet or post must be kept forever by the compliance department.
From the New York Times, “Why it matters: Debt”
Most economists say rising debt risks crowding out investment and forcing interest rates up, among other problems. At the same time, rapidly growing spending on federal health care programs like Medicare and the drain on Social Security balances caused by the rising tide of baby boomers could squeeze out other spending, on roads, education, the armed forces and more. NYT[/vc_column_text][/vc_column][/vc_row]