CareTALK debuts on the Women's Health Tab on Yahoo Health; Boomers and younger generation aggravating housing downturn

Today’s post is a collection of different articles which you may not have read (but definitely should).

To begin, as further validation that CareTALK is expansive and universal, the first link listed on the Women’s Health Tab (as opposed to aging or caregiving tab) on the front of Yahoo! Health links directly to an article (one of many) provided by CareTALK titled Forever Young: Mind & Body.

If you were planning to use the proceeds from selling your home for retirement, you need to read this New York Times editorial, It was Fun While it Lasted. Not only are the analysts predicting the end of the housing boom, but unfortunately, the housing downturn will coincide with the first boomers eligible for social security. Many boomers are home owners, and analysts assume that many of them will want to sell their houses to receive extra cash driving the prices even lower (rules of supply and demand).

To further aggravate the housing downturn, not only will there be a huge supply of houses in the next few years, but according to the NY Times article by Steven Greenhouse, Many Entry-Level Workers Feel Pinch of Rough Market, there won’t be any demand either. Those between the ages 20 to 35 have delayed buying a home because they can’t afford it. College graduates are considered lucky if they can find an entry level position, not to mention one with health insurance and other benefits (such as a 401K or other retirement plan). However, Greenhouse also points out that the economy itself is not solely to blame--- it is also the “cavalier” attitude of the younger generation towards saving. If the younger generation is to help itself and survive the economic severe downturn we will face in the near future, their attitude definitely needs to change--- and they need to start saving and planning.