The aging of America has had many impacts, especially on businesses. Local entrepreneurs have had to adapt their products and services to retain and expand their market share as their clients age. “It’s weird — I think the whole market is changing,” said Johnny Nolan, who owns two popular eateries in Colorado Springs, SouthSide Johnny’s […]
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There are no steps leading into the house that Saddletree Homes is featuring at Flying Horse for the Colorado Springs Housing and Building Association’s Parade of Homes from Aug. 3 to 19. “That’s by design,” said Saddletree president and CEO Lee Bolin. “That’s how we pour the foundation. It has to be planned that way.” […]
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Innovations in Aging Collaborative, which started as a loosely based grassroots group, is now forming as its own non-profit organization. The collaborative is on the search for an executive director, who will provide leadership and management to successfully guide the Innovations in Aging Collaborative as a start-up nonprofit, said David Lord, who has been acting […]
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The U.S. Small Business Administration and AARP are partnering to help entrepreneurs older than age 50 start their own small business. The alliance between the two organizations will provide counseling and training to the aspiring entrepreneurs. The SBA training, mentors and counselors will be available online and the SBA and AARP expect to train 100,000 […]
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Laurel Ledford cares for her 75-year-old father in her home. At times, it has been overwhelming trying to find a doctor and services, she says. A search for information can take hours a day, she adds. This week, the Pikes Peak Area Council of Governments Area Agency on Aging launched a Network of Care Seniors […]
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The most difficult aspect of wealth management at retirement age relates to talking to the next generation about the money. “It’s the second hardest conversation you’ll have with your kids,” said Jerry Webman, Ph.D., chief economist with OppenheimerFunds Inc. The conversation will ultimately touch on who in the family to trust, who not to trust, […]
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One’s physical and mental health are inseparable. That, according to Mike Kenny, a clinical psychologist and director of the Aging Center located in the University of Colorado Colorado Springs campus’ Lane Center for Academic Health Sciences. Kenny said the two become more intertwined as we age, but often support systems exist only for the physical […]
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Business analysts believe the retirement rate of Baby Boomers will leave a glut in the businesses-for-sale market. The fourth-quarter Market Pulse survey from the International Business Brokers Association and M&A Source found that Baby Boomer retirement was the top reason respondents decided to sell. It was the first quarter in history that Boomer retirement topped […]
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Community volunteers and city leaders are working to change perceptions about the aging population — by taking part in an international initiative to create cities that take all age groups into account when planning public spaces, workforce development and creating new businesses. The Age-Friendly Communities initiative, started by the World Health Organization, aims to encourage […]
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Editor’s note: This story is part of an occasional series about the business of aging. Baby boomers will change the look of Colorado Springs’ workforce during the next five years, and that will present a host of challenges for human resource professionals. Either the workforce will look grayer as boomers opt to stay in their […]
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“How are things over at the city of the dead?” a reporter recently asked Will DeBoer, who manages Colorado Springs’ city cemetery enterprise. “Quiet and peaceful,” replied DeBoer, giving a good-natured response to a quip that he’s heard hundreds of times. In fact, things are not entirely peaceful at the cemeteries. Like any business, the […]
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Cuts to Social Security and Medicare could increase poverty among older people in Colorado. According to the Kaiser Family Foundation, 15 percent of people over the age of 65 have incomes below the supplemental poverty level and 7 percent living in below the official Federal poverty threshold. Supplemental poverty levels take into account expenses like […]
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