
In this Issue:
Lawmakers in several states recently passed legislation to outlaw a practice that critics say preys on America’s elderly: an insurance transaction in which investors persuade seniors to purchase high-dollar life insurance policies and then transfer a significant portion of the death benefits to strangers.
Known as stranger-oriented life insurances, or STOLI, the practice has become prevalent nationwide, particularly as Baby Boomers inch toward retirement and insurance options are aggressively marketed to an aging US populace.
The greatest risk to financial security during retirement may be what the debt consumers don’t see today.
A recent survey of consumers found that 46 percent declined to classify at least one common financial obligation - outstanding balances on credit cards or home-equity lines of credit, overdue utility bills or “payday loans” from friends or family members - as debt.
Studies on how older people use and interact with e-mail in their daily lives were conducted recently by the Universidad Pompeu Fabra in Barcelona, Spain. The results will be used to design new e-mail systems that are more intuitive and accessible.
Electronic mail, or e-mail, is the internet application used the most, even by older people who haven’t grown up with information and computer technology and have had to put in greater effort to learn to use it than younger people. However, social scientists and technology experts still know very little about how older people or the elderly interact with e-mail systems in their daily lives.
NewsbytesA just-released study from one of the nation’s brain training leaders, LearningRx, shows that brain training can improve brain function and raise IQ, even for people well into their 70s. “This study proves what we’ve known for decades,” says Dr. Ken Gibson, Founder and President of nationally franchised LearningRx. “The right type of brain training can help anyone get smarter. This shows that adults and seniors don’t have to settle for their current mental capacity. At any age, they can use brain training to boost their IQ to get an advantage in a competitive job market, or to slow and reduce some of the mental effects of aging.” Learn more at www.LearningRx.com.
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