Posts Tagged "wealthy"
December 9, 2021
Men Make Bigger Changes After Retiring
Men are from Mars. Women are from Venus. That continues to hold true in retirement.
A new study that examines two aspects of this major life change – personal and financial relationships – finds that men and women use their newfound freedom in different ways.
The change in men’s social lives after they retire is more dramatic because they greatly expand their network of friends, adult children, and extended family, and they have more conversations with them about personal matters.
Men “become more dependent on family,” concludes research by two University of Wisconsin sociologists.
Retirement doesn’t mark the same type of social shift for women, however. They already had a larger network and always took more responsibility for maintaining relationships, and not much changes in retirement – with one exception. Women increase the number of hours spent taking care of their grandchildren.
The differences are consistent across much of the western world, according to this study, which was based on surveys in the United States and Europe – from Sweden to Spain to Estonia. Although married and single people participated in the survey, the heart of the analysis was asking each individual this question:
“Looking back over the last 12 months, who are the people with whom you most often discussed things that are important to you?” Each individual listed up to five people in their networks, the nature of the relationships, and how often they are in contact.
In addition to branching out socially, retired men are more likely to give money to offspring or other family members. In married couples, this is often jointly decided by husband and wife. But the actual money transfers picked up only after the men – and not the women – retired and had more energy to devote to family. …Learn More
March 17, 2020
Privilege in the Age of the Coronavirus
I appreciate how privileged my husband and I are that we are able to remain in our home, where we feel fairly safe.
He is a retired Boston high school teacher. I have a good job that also provides me with some degree of flexibility when needed, and my boss didn’t resist, because of my autoimmune condition, when I asked to work at home early last week.
A young couple in my condo building with a new baby fled last weekend to a relative’s house in rural Connecticut, where the husband will be able to telecommute to his high-paying job in Boston.
Yes, our 401(k)s are getting pummeled. But this national crisis is immediate and far more consequential for the millions of Americans who must work even in a pandemic. Workers have two concerns, and they are intertwined: health and money.
Think about the first responders, service-industry workers, or post office employees who are in contact with the public, constantly exposing themselves and, as a result, their families to the coronavirus.
Low-income people are also very vulnerable. Research shows that they are less healthy for reasons ranging from less access to employer health insurance to higher rates of smoking and obesity. Diabetes is more pervasive in low-income populations too.
Yet public health officials tell us that people with underlying conditions are far more vulnerable to getting seriously ill if they contract the virus – and these are the same people who usually don’t have the luxury to telecommute. Many low-income workers also live in crowded conditions, often with older relatives in fragile health.
Many workers are grappling with the realization that the economy is starting to slow down – and they will be the first to feel it. Consider the cleaning ladies or dog walkers whose clients are asking them not to come to the house this week or the servers at the restaurants shutting down in Manhattan, Massachusetts, Illinois, and across the nation. …Learn More