As populations grow older in developed countries, societies are meeting the challenges of aging with newfound resilience. By tapping the maturity and improved vitality of their seniors, families may grow stronger, economies more sustainable, and nations more peaceful. As the population ages, there will be fewer workers putting money into the system to cover the costs of government programs that pay out lifetime benefits, from pensions to Social Security and Medicare. When there are more grandmothers than babies, the system is in trouble.This time of crisis, communities and families are drawing on their resilience and resourcefulness in ways that are truly transformational. “Post-nuclear” families in the United States are re extending to embrace multiple generations. More than 6 million elder Americans now live with their children, more than 50% between 2000 and 2010, according to the Census Bureau.While institutionalized care was once seen as inevitable, the number of people over the age of 75 in nursing homes has been dropping since the mid-1980s. Part is accounted for by the increase in multigenerational households, other factors are also involved. Improvements in longevity mean that many people are able to delay going to a nursing home. More families have part-time help available to provide caregiving services for their parents.Lee is an investment manager engaging in extensive research and analysis of emerging technologies and social trends. His system has identified numerous investment opportunities for his high net worth clients. He is the founder of Str
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