Joseph Coughlin, director of the AgeLab, speaks with Boston Globe reporter Kay Lazar about his recent study examining how Americans are preparing for their later years. “I’m hoping this is a kick-start moment, to start having people realize that it’s more than money,” says Coughlin. “It is more than my blood pressure and my cholesterol level, and that I need to start thinking about other dimensions.”
Writing for Forbes, Joseph Coughlin, director of the AgeLab spotlights how researchers from the MIT AgeLab and John Hancock developed a new longevity index. The Index aims to change “how we measure, teach, discuss and think about the future of aging,” explains Coughlin. “The Index measures preparedness across eight critical domains that research shows are fundamental to quality of life in older age: health, finance, care, home, daily activities, social connection, community, and life transitions.
Fox Business reporters Daniella Genovese and Eric Revell spotlight a new longevity index developed by researchers from the MIT AgeLab and John Hancock that shows how “U.S. adults are largely underprepared to live well as they age.” Joseph Coughlin, director of the AgeLab, explains that the findings “underscore that taking some small but intentional steps — such as planning for a new hobby, starting a fitness routine or having a conversation about care — can lead to a better future and make a big impact on how we spend our later years."
Writing for Forbes, Joseph Coughlin, director of the MIT AgeLab, explores the role of technology in the lives of retirees. “The AgeTech revolution is real. The technology that is coming is astonishing. But it risks stalling not because the tech isn’t good, but because no one is there to plug it in, literally and figuratively,” writes Coughlin. “Because in retirement living, the real innovation isn’t a gadget or form of artificial intelligence. The next big thing is trusted, human-centered service.”
Writing for Fast Company, graduate student Sheng-Hung Lee and Devin Liddell of Teague highlight four types of AI technologies that could aid senior citizens in their homes. “To better understand how seniors want AIs and robots to help in their homes, we asked them,” they write. “We recruited seniors from the MIT AgeLab’s research cohort—each around 70 years old and in the early stages of retirement—and then engaged in wide-ranging conversations about their aspirations and fears about these technologies.”
A study by research specialist Samantha Bray analyzes “the career impact on 460 working women aged 50 to 60 who began caregiving for an aging parent or parent-in-law,” reports Michelle Travis for Forbes. “Parental caregiving may act as a shock to women’s financial health at a critical career stage,” says Brady. “Parental caregiving often begins at a time in an individual’s career when they are at their maximum earning potential.”
Joseph Coughlin, director of the MIT AgeLab, speaks with Boston Magazine reporter Jaci Conry about research and initiatives underway in the greater Boston area that could make the region a “longevity hub.” Coughlin explains: “Few people are prepared for how long retirement will be. We want them to consider what their social portfolio might entail as they age, along with mobility and seeing their home as a service platform with sensors and devices that can help you age in place.”
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 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.
More than 40% of employer matches go to the richest 20% of workers, according to a new report on retirement savings. Marketplace’s Caleigh Wells interviews finance experts, including Prof. Taha Choukhmane, who says white employees tend to benefit most, “whereas those who are single parents of kids, those who are Black or Hispanic, those who have lower-income parents tend to contribute less and make less in these matching contributions.”
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.”
Prof. Jonathan Gruber speaks with Marketplace reporter Matt Levin about the potential impact of raising the retirement age in the United States. Gruber suggests a new system where retirement age would vary by income. “People who are sufficiently high income, should be expected to work longer and get less in the system,” says Gruber. “People with physically demanding jobs and low income should be able to retire earlier.”