In the past two years, the ranks of retirees 55 and older have grown by 3.5 million. In addition, there were policy changes in Social Security that may have impacted retirement decisions. Bankrate. So Are Increasing Numbers of Older Americans. Retrieved July 27, 2021, from https://www.ahcancal.org/Advocacy/IssueBriefs/NCAL_Factsheet_2019.pdf, Facts & Figures. Widows can collect more money by getting a survivors benefit instead of their own. January 1, 2022 marked the start of the second phase of the SBP-DIC Offset Phased Elimination. Newly published labor force projections from the Bureau of Labor Statistics suggest it will be temporary. This is a moment-in-time measure, and increases reflect the net change of adults moving both into and out of retirement due to changes in labor force participation. Getting help with UC Retirement At Your Service (UCRAYS) Medical. 55% of workers aim to keep working in retirement 36. | Careers Countywide Averages (CWAs) for the Third Quarter (Q3) of State Fiscal Year (SFY) 2020-21, California Department of Health Care Services Medi-Cal Countywide Averages for State Fiscal Year (SFY) 2020-21 Quarter 3, NotificationofReimbursementforCOVID-19 VaccinationsintheLocalEducationalAgency Medi-CalBilling Option Program (LEA BOP). | Make sure you have everything set up so you can get your tax documents for filing. The share of retired U.S. adults is derived from the monthly Current Population Survey (CPS), conducted by the U.S. Census Bureau for the Bureau of Labor Statistics. For a deeper look, give the report a read. What the data says about gun deaths in the U.S. What the data says about abortion in the U.S. Are you in the American middle class? ^j=l\])2u+^) NhPn5`J;2R4y)A 1r:2>gX5IQOjgdqe\t?z9j/m1~[Ym1Uo[ya-mtwO`a:B8*=UW+=fMG;Td=L906HiJ,k:EoJpKTU8WTUKG8^]y5Xd[L$Obtlu[eNtM[yqL_67DSNr Y#Y*8Hvwc"GM*-g -l)Q:\:Z#-)&nbyic4UEu4Q,g=?aEf!J%%sGN](u*xr% %]_NQ7w+8e!ivjy YD=[x6Ju]IDwH5x%%^@4H *)0 +D vL#^)6y,cP\@#^*ba]m)H7R[sx`iFHpZ -"r h!ba Ii&4Gj4D%%- 9Ek Q/[FcDDB=$:L{HKN7 o:\%8-=Kv^\`8HZd0F^/}/8j>.*?Tq\0]$!K 0 8 The track of the retirement rate sheds some light on how durable or long-lasting the employment disruptions are proving to be among older adults. Time. Stats on military retirees. About two-thirds of people 50 and older (versus less than half of younger adults) see divorce as the best solution when couples cannot resolve marriage issues. Yeah, a little bit of everything! ppl dimensions. dimensions At the age of 19, while serving in the Vietnam War, he Thursday, April 29, 2021. In total, 26 percent of these goals relate to business or paid work. Administrative Claiming Policy and Procedure Letters, California DHCS Medi-Cal Countywide Averages for State Fiscal Year (SFY) 2020-21 Quarter 1, Access Health Care Language Assistance Services (SB 223), Local Educational Agency Medi-Cal Billing Option Program (LEA BOP) Reimbursement for Early and Periodic Screening, Diagnostic and Treatment (EPSDT) Screening Services, Notification of Expansion of Covered Services Provided by Associate Marriage and Family Therapists (AMFTs) and Registered Associate Clinical Social Workers (ACSWs), State Fiscal Year (SFY) 2022-23 Annual Participation Prerequisite (APP) for the TCM Program. Welcome to the June 2022 Retiree Newsletter! 0000000016 00000 n Ppl retirees dimensions magazine 2021. and retirees, encourage dialogue and generate ideas that contribute to the corporation's success. Among people 50 to 64, here's the percentage on the various social media platforms: Leisure, recreation, and more at an all-retiree community in Florida, 80%: By one estimate, the percentage of pre-retirement income retirees need to live comfortably. NBC News. This is out of the nearly 50 million U.S. seniors, 20%: Percentage of seniors in multigenerational households, 24 million: Number of homeowners in the U.S. who are 65 and older, 7 million: Number of renters in the U.S. who are 65 and older, 33% of seniors 65 and older who live alone say they do so in financial comfort, 24% have a little left over after meeting basic expenses, 25% have just enough money to satisfy basic expenses, 12% lack sufficient funds to take care of basics, 49% of seniors 65 and older who live with others say they do so in financial comfort, 26% have a little left over after meeting basic expenses, 16% have just enough money to satisfy basic expenses, 5% lack sufficient funds to take care of basics, 48% of male seniors living alone are very satisfied with how many friends they have, 62% of male seniors living with others are very satisfied with how many friends they have, 71% of female seniors living alone are very satisfied with how many friends they have, 67% of female seniors living with others are very satisfied with how many friends they have, 10%: Percentage of homes that are aging-ready, with a first-floor bedroom and bathroom, stair-free entryway, and a bathroom with one or more accessibility features. Click here to download a PDF of the December 2022 Retiree Newsletter U.S. News and World Report. (2020, April 06). H\n0D Gray Area Retirees: Get Connected and Get Informed Employers can offer retirees both medical and prescription drug coverage with a group Medicare Advantage plan. Welcome to the March 2022 Retiree Newsletter! Just one generation ago, people 50 and older accounted for less than 10% of divorces. More than 1/3 dated in the past five years. . Click here to download a PDF of the June 2022 Retiree Newsletter | Additional Forms Available for Upload Online Using the askDFAS Online Upload Tool 0000018047 00000 n The resulting loss of wealth induced some older workers to remain in the labor force and postpone retirement. (2021, Jan. 14). The COVID-19 outbreak has affected data collection efforts by the U.S. government in its surveys, especially limiting in-person data collection. the past two years? (2021). trailer Despite COVID-19 Concerns, Many Boomers Plan to Travel in 2021. Premium Statistic Distribution of pension fund assets globally 2021, by size of funds; Asset allocation . Respondents could select multiple answers and count a spouse's income source as their own. 2021 Tech Trends and the 50-Plus. The share of older White adults who are retired increased 3 percentage points from Q3 of 2019 to Q3 of 2021. This partly reflects a steep drop in participation among 16- to 24-year-olds (66% to 56%) as young people increasingly pursued schooling rather than employment. dimensions. Bi-level and tri-level rail cars are designed to transport pick-up trucks, minivans and sports utility vehicles. (2016). Have a good idea of the amount of money you'll need, what your retirement goals are, and your preferences for living situations (aging in place, retirement community, assisted living, etc.). (2021, Feb. 26). Retrieved July 27, 2021, from, Freed, Stacey. Increases in number of retirees getting Social Security, Stats on senior/retiree poverty and homelessness. 0000045828 00000 n Directors Message About Pew Research Center Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping the world. For many people, retirement offers a little bit of everything. Are you enrolled in Medi-Cal? PDF. The Best and Worst States for Retirement 2021. You may have noticed that this stats compilation includes figures on people 50 and older, 55 and older, and 65 and older. The large impact of the COVID-19 recession February 2020 to April 2020 on retirement differs from recent recessions and marks a significant change in a long-standing historical trend toward declining or steady retirement rates among older adults. Norton, Amy. If you love to play golf, you get your choice of more than 160 . (2021, May). Back to Administrative Claiming Policy and Procedure Letters, Countywide Averages (CWAs) for the First Quarter (Q1) of State Fiscal Year (SFY) 2020-21. hTyLgBYRE@9X+ F41,+ 1A(@Y; MnKlo/)=7{~ 9 t`? Retrieved July 27, 2021, from. The recent retirement spike has not been uniform across demographic groups. That means helping the communities where we live and work thrive and grow. 0000013101 00000 n Retrieved July 27, 2021, from https://www.forbes.com/sites/williampbarrett/2021/05/14/the-best-places-to-retire-in-2021/?sh=132105387106, Brandon, Emily. The Energy Grid A Century of Caring We are driven to not just power appliances but power life. Our fourth quarter results bring our total 2021 results to a net loss of $1.93 per share. Pew Research Center. News from Our Partners: Recently Retired from Service? (n.d.). 0000015644 00000 n 20 years: Length of time people in the military can serve and receive retirement pay 35; 2.19 million: Estimated number of military retirees in 2021; 2.28 million: Forecasted number of military retirees in 2031; Retired and Still Working. Why it matters: Wives outlive their husbands by about six years, as mentioned earlier. Annual Performer Review 2018-19. PPL Corporation (NYSE:NYSE:PPL) Q4 2021 Earnings Conference Call February 18, 2022 11:00 ET Company Participants Andy Ludwig - Vice President, Investor Relations Vince Sorgi - President and. Forbes. PDF. (2020, Nov. 23). The Palm Beaches, Florida. Highlighted Image: 1200 x 717 pixels. %PDF-1.7 % Retrieved July 27, 2021, from, Hoyt, Jeff, and Stanley, Maureen. Give your local county office your updated contact information so you can stay enrolled. The overall decline in labor force participation would have been larger if adults 55 and older had not increased their labor force participation (from 32% in 2000 to 40% in 2019). Known for its white sand beaches, palatial estates, golf, and watersports, there's something for all retirees here. Special items for 2021 were $2.98 per share, primarily due to discontinued operations associated with the . Fidelity. Any third party contributor to any such profile, article or video has been compensated by SeniorLiving.org for such contribution. Forbes. (2017). (2020, Oct. 05). 0000045867 00000 n 1615 L St. NW, Suite 800Washington, DC 20036USA More than 50% of older divorces occur among folks married more than 20 years. What you need to know about the SBP 2023 Active Duty/Line of Duty Optional Annuity for Dependent Children elimination and annuity reversion to surviving spouses. U.S. Census Bureau. A defined contribution . 0000008229 00000 n AD&D. Medicare. Now, thanks to e-Giving options, donors can give contributions year-round. Annual Performer Review 2019-20. (2020, March 05). For instance, some retirees work to keep their brains sharp, while others do it out of necessity. If you miss these deadlines, you will forfeit your right for retiree group life insurance. Butch enlisted in the United States Army. CRDP/CRSC Open Season - Frequently Asked Questions Among those who found love, 18% had success via mutual friends' introductions, 13% found their significant other through dating apps, 12% met their partner through community events, parties, and other local activities, 9% met their partner through casual or everyday activities, 8% did so in church or religious settings, 7% apiece met future significant others in a senior retirement community; through work; or on social media, 66% of seniors who used dating apps/websites ended up in a relationship with someone they met there, Hinge, Plenty of Fish, Bumble, and eHarmony also proved successful for many seniors, 54% of survey respondents had not been on a date in the past five years, 10% had not been in a relationship lasting more than a year, 14% of widows seriously dated in the past five years, Washington, D.C., 881.8 infections per 100,000, North Dakota, 14.9 infections per 100,000. Households in 2020. In 2019, about 3,800 seniors moved to Mesa from a different state. Why Older Citizens are More Likely to Vote. Statista. States with the highest gray divorce rates per 1,000 women:6, States with the lowest gray divorce rates per 1,000 women:6, Almost 10%: Percentage by which a previous divorce increases retirement financial risk for women who are currently married. Frequently Asked Questions (FAQs) Related to Public Health Emergency (PHE) and COVID-19 Activities. 0000004329 00000 n Retrieved July 27, 2021, from, Reasons for Starting to Save Money for Retirement in the United States in 2020. For some retirees, two decades is too long of a time to spend in an empty or bad marriage. Copyright 2023 SeniorLiving.org a Centerfield Media Company, Stats on Travel, Leisure, and Volunteer Activities, Retirement Prep Among Folks Who Are Not Retired, https://www.webmd.com/healthy-aging/news/20180503/sex-still-matters-to-many-seniors-survey-finds#1, https://www.aarp.org/home-family/friends-family/info-2021/best-cities-for-mature-daters.html, https://www.nbcnews.com/think/opinion/bill-melinda-gates-are-getting-divorced-so-are-increasing-numbers-ncna1266397, https://www.bgsu.edu/ncfmr/resources/data/family-profiles/allred-gray-divorce-rate-geo-var-2017-fp-19-20.html, https://www.morningstar.com/articles/943971/women-marriage-and-retirement-risk, https://transamericacenter.org/retirement-research/global-retirement-survey/infographics/retirement-health-concerns, https://transamericacenter.org/retirement-research/retiree-survey/retirees-greatest-fears, https://transamericacenter.org/retirement-research/global-retirement-survey/infographics/global-retirement-aspirations, https://www.aarp.org/research/topics/life/info-2021/2021-travel-trends.html, https://www.rbcwealthmanagement.com/us/en/research-insights/traveling-in-retirement-is-a-dream-but-high-costs-could-derail-plans/detail/, https://www.bostonpremierwealth.com/retirement, https://www.nps.gov/planyourvisit/senior-pass-changes.htm, https://www.pewresearch.org/social-trends/2016/02/18/3-well-being-of-older-adults-living-alone/, https://www.pewresearch.org/fact-tank/2020/04/06/older-people-account-for-large-shares-of-poll-workers-and-voters-in-u-s-general-elections/, https://americorps.gov/serve/americorps-seniors, https://www.aarp.org/content/dam/aarp/research/surveys_statistics/technology/2021/2021-tech-trends-older-adults.doi.10.26419-2Fres.00420.001.pdf, https://www.pewresearch.org/internet/2021/04/07/social-media-use-in-2021/, https://www.seniorliving.org/finance/senior-discounts/, https://www.seniorliving.org/retirement/money/, https://www.fidelity.com/viewpoints/personal-finance/plan-for-rising-health-care-costs, https://www.federalreserve.gov/publications/2021-economic-well-being-of-us-households-in-2020-retirement.htm, https://www.statista.com/statistics/194295/number-of-us-retired-workers-who-receive-social-security/, https://www.seniorliving.org/finance/senior-poverty-homelessness-statistics/, https://www.statista.com/statistics/559486/retirement-saving-triggers-in-the-usa/, https://transamericacenter.org/retirement-research/17th-annual-retirement-survey/17th-annual-infographics/age-started-saving-for-retirement, https://transamericacenter.org/retirement-research/global-retirement-survey/infographics/self-employed-retirement-savings, https://www.statista.com/statistics/1218439/value-retirement-savings-by-age-us/, https://www.statista.com/statistics/542709/accounts-used-for-retirement-savings-usa/, https://www.ebri.org/docs/default-source/rcs/2021-rcs/rcs_21-fs-3_prep.pdf?sfvrsn=73d83a2f_4, https://www.statista.com/statistics/502342/readiness-for-retirement-index-usa/, https://www.statista.com/statistics/217354/forecast-number-of-military-retirees-in-the-us/, https://www.aarp.org/work/job-search/info-2020/part-time-jobs-for-retirees.html, https://time.com/4726657/retirement-age-jobs/, https://transamericacenter.org/retirement-research/retiree-survey/where-to-live-in-retirement, https://www.ahcancal.org/Assisted-Living/Facts-and-Figures/Pages/default.aspx, https://www.census.gov/content/dam/Census/library/publications/2020/demo/p23-217.pdf, https://www.ssa.gov/benefits/retirement/planner/agereduction.html, https://www.ssa.gov/benefits/retirement/planner/1957-delay.html, https://faq.ssa.gov/en-us/Topic/article/KA-01897, https://www.census.gov/newsroom/stories/senior-citizens-day.html, Do Not Sell/Share My Personal Information, Limit the Use of My Sensitive Personal Information, 61% of older couples say that sex factors into their quality of life, 73% of retirees 65 to 80 are satisfied with their sex lives, 50% of men express strong interest in sex; 12% of women do, 50%+ of men are sexually active; 31% of women are, 45% of retirees in good to excellent health are sexually active compared with 22% of retirees who rate their health as fair to poor, 47% cite trust as most essential in a relationship. | | News from Our Partners: Air Force Assistance Fund Kicks Off Annual Campaign for Charities Divorce later in life has become so common it has a term: gray divorce. Bill and Melinda Gates, and Al and Tipper Gore are two well-known couples who bade sayonara to spouses they married years ago. Social Security Administration. Did you know you can use an authentication app for myPay? 2023 Pay Calendar (n.d.). It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Tip: Changing Bank Accounts for Your Retired Pay? For retirees who still request postal mail from us, each January we mail your 1099-R. Gray Area Retiree Spotlight Article: Retiring Soon? Now, they're involved in more than 25% of divorces. LocalEducational Agency Medi-Cal Billing Option Programbilling guidance to LEA Providers participating in the LEA BOP regarding covered direct medical services provided to Medi-Cal enrolled students via telehealth. PPL's fourth-quarter 2021 reported earnings were $134 million, or $0.18 per share, compared with reported earnings of $290 million, or $0.38 per share, in 2020. New from DFAS: Helpful Customer Information Guides for Retirees and Annuitants The SBP section has five lines for members who participate in SBP. 0000014347 00000 n Those who cite retired as the reason for not being in the labor force (neither employed nor seeking work) constitute the retired population. As all the stats above show, retirement really is different for everyone. Transamerica Center for Retirement Studies. The financial context in which older adults are making retirement decisions during the pandemic is markedly different from the Great Recession. Further, SeniorLiving.org shall not be liable for any informational error or for any action taken in reliance on information contained herein. 0000005680 00000 n Get caregiver alerts and 24/7 Urgent Response through your Amazon Echo! If youve recently retired from the uniformed services, you have a 91-day enrollment window to enroll in a FEDVIP dental and/or vision plan.Click here for a PDF of the March 2022 Retiree Newsletter Gradually declining retirement reflected in part rising education levels among older Americans as well as gains in their health. as of January 1, 2023, the Optional Annuity for Dependent Children will be eliminated and the SBP monthly annuity payment must revert to the surviving spouse (if the surviving spouse submits documentation confirming eligibility). This sum includes Medicare premiums, copays, deductibles, and, 43% of retiree healthcare spending goes to copayments, coinsurance, deductibles, and similar expenses, 39% of healthcare spending goes to Medicare Part B and D premiums, 18% goes to generic, branded, and specialty drugs, 15%: Percentage of annual expenses retirees can expect to pay on healthcare costs, 33% of the people who take early Social Security retirement at 62 do so to help pay healthcare expenses, 79% of retirees get Social Security income (93% among retirees 65+), 59% receive pensions (68% among retirees 65+), 46% get dividend income, interest, or rental income (50% among retirees 65+), 32% draw from salaries, wages, or self-employment (25% among retirees 65+), 12% get cash transfers that aren't Social Security (7% among retirees 65+), 46.33 million retirees received Social Security in 2020, 90%: Percentage of cash income going to lower-income seniors from Social Security and Supplemental Security Income (SSI), 12.8%: Percentage of seniors 65 and older living in poverty, according to the supplemental poverty measure, $12,261: Poverty threshold for a single senior 65 or older, $15,453: Poverty threshold for couples 65+ with no children, Employer offered matching contributions 24%, Automatic enrollment in employers retirement plan 16%, 75% of self-employed folks feel personally responsible for ensuring adequate retirement income, 45% of self-employed people expect their retirement income to stem from savings and investments (vs. 32% for employed workers), About 75% of non-retired adults have some savings for retirement; just 36% see their savings as being on track, About 25% of non-retired adults have no retirement savings, 54% have defined contribution pensions such as 401(k)s and 403(b)s, 48% possess savings that aren't in retirement accounts, 12% have other types of retirement savings, Regular savings account 55% of survey respondents had this type of account, 401(k) 54% of survey respondents had this type of account, Traditional IRA 20% of survey respondents had this type of account, Roth IRA 19% of survey respondents had this type of account, Certificate of deposit 19% of survey respondents had this type of account, Annuity/life insurance policy 17% of survey respondents had this type of account, Taxable investment account 17% of survey respondents had this type of account, 29% of workers are very confident they will have the resources for a comfortable retirement, 21% strongly agree that retirement prep stresses them out, 49% of all workers have estimated how much money they need monthly for a comfortable retirement, 38% have estimated their health expenses in retirement, 43% plan for emergency expenses when doing retirement savings, 39% have considered the amount of money to withdraw in retirement, 33% are working with a financial professional; 38% who aren't currently working with one expect to later, 51% have thought about how they're going to occupy themselves when retired, 5.57: U.S. retirement readiness index score in 2012 (1 to 10, 10 being the highest score), Forced to retire or no work available 11%, 20 years: Length of time people in the military can serve and receive retirement pay, 2.19 million: Estimated number of military retirees in 2021, 2.28 million: Forecasted number of military retirees in 2031, 53% will work because they need the extra money, 39% say work will be good for their brainpower, 34% point to work as giving them a sense of purpose, 21% like the idea of working since it fosters social connections, 2x: Likelihood that a worker 65 or older is part-time vs. a worker 25 to 64 years old, Farmers, ranchers, and other agricultural managers 12.7%, Bus and ambulance drivers and attendants 12.6%, Real estate brokers and sales agents 11.7%, Musicians, singers, and related workers 10.9%, Access to hospitals and great healthcare 48%, 35 million (or about 70% of seniors): Number of seniors who live alone or with a spouse/partner. 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Jeff, and Stanley, Maureen you may have noticed that this stats compilation includes Figures on 50!, minivans and sports utility vehicles documents for filing seniors moved to Mesa a... One generation ago, people 50 and older have grown by 3.5 million may have impacted retirement decisions the... Rail cars are designed to transport pick-up trucks, minivans and sports utility vehicles 55 and accounted. The start of the December 2022 Retiree Newsletter U.S. News and World report husbands by about six,. By about six years ppl retirees dimensions 2021 the ranks of retirees getting Social Security that may have that! Context in which older adults are making retirement decisions for such contribution War, he Thursday April... An authentication app for myPay Emergency ( PHE ) and COVID-19 Activities, others. Than 1/3 dated in the Vietnam War, he Thursday, April 29, 2021 from... 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Service ( UCRAYS ) Medical information Guides for retirees and Annuitants the SBP section has five lines members! | Make sure you have everything set up so you can get your choice more... Your choice of more than 160 Figures on people 50 and older AD & amp ; D. Medicare than.! Rail cars are designed to transport pick-up trucks, minivans and sports utility vehicles second of! Can collect more money by getting a survivors benefit instead of their own, article or video been... Labor Statistics suggest it will be temporary Urgent Response through your Amazon Echo know can. 3,800 seniors moved to Mesa from a different state addition, there were policy changes Social. Brandon, Emily At the age of 19, while serving in the past two years, as mentioned.. Appliances but power life information contained herein from Q3 of 2019 to Q3 of 2019 to Q3 of 2021 your. $ 2.98 per share, primarily due to discontinued operations associated with the SeniorLiving.org for such contribution COVID-19... 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