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Baby Boomers

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  • WASHINGTON, May 22- There were no fancy economic models or forecasts when former Florida Governor Jeb Bush first tossed out the idea that 4 percent annual growth should be the overarching goal for the U.S. economy. But what started as a casual suggestion during a 2010 conference call with advisers to the George W. Bush Institute, a public policy center in Dallas, has...

  • *Deal values Omnicare at $12.7 bln, including $2.3 bln debt. May 21- CVS Health Corp, the second-largest U.S. drugstore operator, said on Thursday it will buy pharmacy services provider Omnicare Inc for $10.1 billion to expand in the growing market serving the senior patient population. CVS offered $98 per Omnicare share, representing a premium of 4 percent to...

  • May 13- More than a half-million U.S. patients had medication costs in excess of $50,000 in 2014, an increase of 63 percent from the prior year, as doctors prescribed more expensive specialty drugs for diseases such as cancer and hepatitis C, according to an Express Scripts report released on Wednesday. The total cost to health plans for U.S. patients with...

  • BERLIN/ LONDON, March 22- Driven by the demands of a new plugged-in generation seeking "authentic" travel experiences with a local feel, the world's biggest hoteliers are moving into a new sector in Europe- the "lifestyle" boutique hotel. After many years focused on baby boomers and business travellers, brands such as Marriott, Hilton, Starwood and InterContinental...

  • A Warren Buffett move many boomers are following Monday, 9 Mar 2015 | 8:00 AM ET
    Last Will and Testament

    Warren Buffett is leaving his billions to charity, and many boomers are following suit to avoid turning their kids into rich loafers.

  • Men, why you should pay for dinner—forever Sunday, 8 Mar 2015 | 11:15 AM ET
    Woman in office

    A new ILO report finds the gender pay gap may not close for more than 70 years at the current rate.

  • CHICAGO, Feb 19- Nancy Kessler spent much of her career as a museum curator, but she also has had a lifelong love of working with older people. During one stint working with Alzheimer's patients, she noticed a gap in one type of caregiving: "There is a lot of wellness and physical therapy but not much intellectual stimulation." Kessler, who lives in Mount Kisco, New York,...

  • NEW YORK, Feb 5- Anielle Troyan, a call center worker in New York, shops at discount retailers such as Family Dollar for items like soap and detergent as well as groceries like Kraft macaroni and cheese and small-sized condiments. Customers like Troyan are one reason why Kraft Foods Group Inc reversed course after considering stopping the sale of single-serve...

  • WASHINGTON, Jan 26- The U.S. budget deficit will decline slightly to $468 billion this fiscal year, the lowest level since President Barack Obama took office, congressional forecasters said on Monday in a report heralding the end of a brief period of dramatically shrinking red ink. Republicans now in control of Congress seek to eliminate deficits within 10...

  • NEW YORK, Dec 9- Fund managers are stampeding into shares of U.S. long-haul trucking company Swift Transportation Co as oil prices touch five-year lows, but some analysts say a shortage of drivers may slam the brakes on the rally. Portfolio managers from Goldman Sachs, Fidelity, and Federated Investors were among the 65 funds that added Swift shares to their...

  • STOCKHOLM, Dec 2- Like most of Europe, Sweden is struggling with an ageing population. But in fact Sweden's canny social policies are the reason so many of its baby boomers are choosing to keep going to the office. The country's pensions reform and generous parental leave have resulted in Europe's highest employment rate- with a strong showing among women and the...

  • DoubleLine's Gundlach: Short homebuilder ETFs now Friday, 8 Aug 2014 | 5:47 PM ET
    DoubleLine Capital CEO Jeffrey Gundlach speaks at the Bloomberg Markets 50 Summit in New York.

    Home ownership rates in will likely fall to levels last seen in the 1980s as millennials wait longer to form households, DoubleLine's Gundlach said.

  • Scammers, not grandkids, milk grandpa for cash Friday, 18 Jul 2014 | 10:07 AM ET

    Scammers posing as distressed grandkids are scamming grandparents into sending them money wires and credit cards. FT reports.

  • Fear of economic blow as births drop around world Wednesday, 7 May 2014 | 4:26 PM ET

    Six years after the financial crisis, birth rates haven't bounced back. For the economy, that's bad news.

  • AARP launches travel site for growing 50-plus set Tuesday, 18 Mar 2014 | 2:19 PM ET

    AARP has entered the crowded online travel field, hoping to cater to retirees.

  • The booming housing market for boomer retirees Friday, 10 Jan 2014 | 12:35 PM ET

    Millions of boomers will turn 65 from now through 2030. With increased demand for 55-plus communities, there's now a new surge in the housing market.

  • The generation that saved the world?   Thursday, 12 Dec 2013 | 7:33 PM ET
    The generation that saved the world?

    P.J. O'Rourke, political reporter and "The Baby Boom" author, explains why he does not think the baby boom generation is not responsible for any of the problems in the world right now.

  • China's next baby boom?   Friday, 15 Nov 2013 | 2:15 PM ET
    China's next baby boom?

    Newly leaked documents reveal China is about to relax its 1-child policy. Gordon Chang, author and Forbes.com columnist, and Ann Lee, New York University adjunct professor of economics and finance, discuss if a Chinese baby boom is in the making and what that means to their economy.

  • When empty nest fills up again, things get hectic Thursday, 26 Sep 2013 | 6:00 AM ET
    Anne Leone watches TV with her 8-month-old grandson Carson.

    The weak economy has caused more young adults to move back in with their parents, and some of those kids are bringing their own children with them.

  • 10 ways to get your retirement plan back on track Friday, 30 Aug 2013 | 1:39 PM ET

    If your golden years seem threatened because of financial setbacks, don't panic. Here are 10 tips from retirement experts on your next steps.