Joseph Coughlin, director of the MIT AgeLab, shares the importance of having conversations about intergenerational family wealth transfers to help avoid disputes in inheritances plans, report Anne Tergesen and Dalvin Brown for The Wall Street Journal. "The only way to avoid causing stress, surprise or anger to people is to have these discussions gradually over time," says Coughlin.
WCVB reporter Jessica Brown spotlights how researchers from the MIT AgeLab explored the most effective way to communicate with elderly individuals about driver retirement. The researchers found that “35% of older drivers are more likely to listen to a spouse who asks them to give up the keys,” explains Brown.
In an article for Forbes, Joseph Coughlin, director of the MIT AgeLab, makes the case that people typically “look at retirement as leaving work, but we don't often think ahead of what else we might be leaving behind.” Coughlin emphasizes that retirees should not “forget to review your social portfolio’s retirement readiness and determine if you have saved and invested adequately in the social assets you will need in life after work.”
Writing for MarketWatch, Joseph Coughlin, director of the MIT AgeLab, examines how the revival of nuclear power could be beneficial for older workers with expertise in the industry. “The myth of older workers taking up space must end in every industry, but in a high-stakes sector such as nuclear power, older workers aren’t taking up space — they are a critical part of the future," writes Coughlin.
Writing for MarketWatch, Joseph Coughlin, director of the MIT AgeLab, emphasizes that the dockworker strike was “emblematic of broader shifts in the American workforce and the integration of technology in the workplace. As older generations retire and younger ones seek more flexible, technology-driven careers, traditional industries must adapt or be left behind.”
A new study by researchers from MIT and elsewhere has found that “most drivers are likely to multitask and get distracted if their vehicles are equipped with partial automation software,” reports William Gavin for Quartz. The researchers “studied how drivers with cars that have the technology behaved after it was enabled,” explains Gavin.
Writing for Forbes, Joseph Coughlin, director of the MIT AgeLab, explores how many envision retirement as a long vacation, but notes setting realistic expectations is important to avoid surprises. “Instead, longevity planning is about preparing for what, how, where, and with whom to live in older age," Coughlin writes. "We're talking about crafting a plan to produce your best possible life in older age, not just planning and financing a really long summer vacation."
Joesph Coughlin, director of the AgeLab, speaks with Atlantic reporter Charley Locke about how retirement can result in feelings of identity loss and can present cognitive and emotional health challenges. “When people are at the center of their universe through their job, we don’t have a storyline or a place in our society that is attractive enough to say, ‘Maybe I’ve had enough,’” says Coughlin. “You’re showing people the door with no direction.”
Joseph Coughlin, director of the MIT AgeLab, speaks with Forbes’ Jann Freed about the importance of social connections in retirement. We focus on money and financial security, but we should also be considering “the social capital (friends) we will need to remain connected, engaged, to have fun, and to manage the many challenges older age will bring,” says Coughlin.
Joseph Coughlin, director of the MIT AgeLab, speaks with PRX’s On Shifting Ground podcast host Ray Suarez about the potential impacts of greater life expectancy. “You are going to see a lot more technology in old age,” says Coughlin. “Not simply to remind you to take your meds or take your blood pressure, but actually to enable you to stay in your home longer, to bring information to you, to make things more convenient.”
In a cartoon for The Boston Globe, Sage Stossel spotlights how during the Cambridge Science Festival researchers from the MIT AgeLab spoke about their work during a special presentation at the Cambridge Senior Center. As part of an effort to spur innovations aimed at improving the quality of life for people in their later years, AgeLab researchers have “pursued an array of projects, from researching safer, more automated driving systems to collaborating on ‘smart home’ innovations for facilitating aging in place to the development of interactive robo-pets.”
MIT AgeLab Director Joseph Coughlin speaks with New York Times opinion columnist Farhad Manjoo about why the tech industry tends to ignore older people. “The market is aging,” says Coughlin. “The market is numerous. The market has got more money than the people they have been building products for.”
Research scientist Bryan Reimer speaks with The Ojo-Yoshida Report host Junko Yoshida about the future of the autonomous vehicle industry. “We cannot let the finances drive here,” explains Reimer. “We need to manage the finances to let society win over the long haul.”
Researchers from the MIT AgeLab and Transamerica have found that individuals ages 40 to 59 are more likely to struggle with preparing for increased longevity, reports Lorie Konish for CNBC. “The research finds while 74% of people in their 50s say it is extremely or very important to save enough money to eventually stop working, just 57% said they expect to be able to retire,” writes Konish. “Moreover, half of people in midlife are struggling to get by financially, more than other age groups studied.”
Joseph Coughlin, director of the MIT AgeLab, speaks with CNBC reporter Greg Iacurci about the importance of longevity planning, which entails creating a more complete framework for retirement that includes aspects such as transportation, social life and small tasks that could become difficult in old age. “Leisure is a story we wrote for retirement when it was short,” said Coughlin.” “Life is the new story we need to write when it becomes so much longer.”