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In Japan, Shitsui Hakoishi is a true star: at 108 years old, she has become the "oldest hairdresser in the world" (and it's certified by the Guinness Book). She plans to retire in two years and sees this record as a true crowning achievement, which she celebrated accompanied by her two children aged 81 and 85. For the occasion, a ceremony was organised in her honour in the Japanese city of Nakagawa. “I'm very happy. My heart is filled with joy,” she confided. It all began when she was 14 years old, as Shitsui Hakoishi , passionate about hairdressing, began her training. Coming from a family of farmers, the young woman left her countryside home to work as an apprentice in a salon in Tokyo, where she obtained her diploma 4 years later, reports the media Demotivateu r. After the ruins of war, we rebuild Encouraged by her husband, Shitsui Hakoishi opened her own hair salon in the 1930s. A few years later, World War II broke out, her hus...

A non-governmental organisation, Age Nigeria Foundation, has called for equitable healthcare access for older persons across Lagos State. The foundation’s President, Oluwayemisi Oluwole, made the call during a courtesy visit to the Chairman of the Ibeju-Lekki Local Government Area, Abdullahi Olowa, details which were contained in a statement made available to The PUNCH on Wednesday. Oluwole stressed that the visit was aimed at creating awareness about the challenges that aged persons in Lagos State face in accessing universal health coverage. She noted that the Nigerian health system do not have adequate provision for the growing number of aged persons who are at risk of non-communicable diseases. She stated, “Ibeju-Lekki has one of the highest numbers of older persons living in rural communities and hard-to-reach areas in Lagos State. However, Nigeria’s health and care systems remain largely unprepared for population ageing and associated non-communicable ...

The Brief The 106-year-old Cretora Biggerstaff mentions that she travels by air twice annually, yet finds the process of flying to Florida with her daughter quite challenging. Cretora claims she possesses the valid Texas ID featuring a star symbol, yet the airport staff continuously requested her to verify her age. Cretora's acquaintance assisted her in composing emails to the U.S. Department of Transportation as well as CEOs at United and Delta with the aim of updating their systems. HOUSTON - A 106-year-old woman from the Houston area, who travels by air twice annually, is voicing her complaints about Homeland Security as well as two prominent airlines. A 106-year-old woman expresses frustration with Homeland Security and airlines. “If I could make the airline staff understand that I’m not just some clueless elderly woman, as they seem to believe, and that I actually know exactly where I’m headed,” explained Cretora B...

In 2026, Social Security recipients will experience a 2.2% boost in their benefits according to recent projections from the Cost-of-Living Adjustment (COLA). This modification supports numerous Americans such as retirees, people with disabilities, and dependents of deceased employees in keeping up with increased expenses. The COLA takes into account the difference between the average Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) during the first three months of this year compared to the corresponding time frame last year. Should there be an increase, Social Security benefits will be raised accordingly by that same percentage. For someone retired and currently getting $1,500 monthly, this 2.2% hike equates to roughly $1,533. Meanwhile, a person with disabilities who receives $1,000 would observe their payments climbing to around $1,022 each month. In 2026, the Cost of Living Adjustment (COLA) increase will be applied automatically to every individual ...

For an average retired worker, Social Security income is not merely a luxury; it forms a crucial financial base that would be extremely challenging for them to manage without. In 2023, the Center on Budget and Policy Priorities projected that Social Security lifted 22 million individuals out of federal poverty, with 16.3 million being seniors aged 65 and older. Additionally, a distinct survey conducted by nationally recognized polling firm Gallup in April 2024 focusing on retirees revealed that 88% of participants depended on their payouts, at least partially, for covering living costs. Start Your Mornings Smarter! Wake up with Breakfast news In your inbox each trading day. Register Now for Free » In certain cases, the financial stability of retirees relies heavily on optimizing their benefits from Social Security. However, to get the highest amount possible, these individuals must first grasp the intricacies of how their specific...

Retirement stands as one of the major financial objectives that many Americans aim to achieve, with savings often starting early in their professional lives. Nevertheless, the increasing expenses associated with daily living have been intensified by inflation, which makes it challenging for employees to save regularly and for elderly individuals to manage on their limited earnings. Even though pensioners receive a consistent income via Social Security, numerous people discover that these funds struggle to match up with escalating costs of regular life necessities. Don't overlook this: Sign up for the free daily newsletter from 5.180.24.3. Even though the future stability and financial health of Social Security are uncertain, the age at which individuals start receiving benefits can greatly affect their monthly payments as well as their overall lifestyle during retirement. JPMorgan outlines the essential part played by Social Security benefits during retirement an...

Some older Americans who can't afford to stay in their homes often resort to living in vans due to the cost-effectiveness and independence this lifestyle offers. Rising housing expenses coupled with unchanging retirement incomes have led some elderly Americans to reside in their vehicles. Two individuals from America, who are in their seventies, shared the reasons behind their choice to embrace the van life lifestyle. An increasing number of elderly Americans are becoming priced out from their homes—and some do turning to their vehicles as their new abodes. Two individuals from America over 70 years old who live in their vehicles mentioned to Business Insider that despite their affection for the nomadic lifestyle, renting more conventional homes would not have allowed them to manage their finances effectively. Both mentioned van life Has enabled them to put aside additional funds and strive for a more secure tomorrow. Both mentioned that they ...

Like most programs, Social Security comes with numerous regulations. Many of these guidelines could seem straightforward — for instance, the minimum eligibility age to enroll is 62, and postponing your application leads to higher financial payouts up until a certain limit. Regardless of whether you plan to apply for benefits soon or have started receiving them, consider reviewing several crucial points regarding Social Security. 1. Understanding how marital benefits function It’s commonly said that if you wish to receive Social Security during retirement, you must have worked and contributed to the system for many years. This holds mostly true; however, an alternative route exists for those lacking their own employment record—spousal benefits. Start Your Mornings Smarter! Wake up with Breakfast news In your inbox each trading day. Register Now for Free » You might qualify for spousal benefits according to your present or ex-s...

Reaching the age of 62 is quite significant. This stage often signifies completing numerous years of work life for many individuals. Additionally, this juncture brings about qualification for Social Security benefits, which serves as a key financial resource for countless retired persons. Applying for Social Security benefits is a significant choice, one that can be hard to reverse. If you’re thinking about filing for benefits in 2025, here are some key points you should keep in mind. Where should you put your $1,000 investment at this moment? Our analysis group has just disclosed their thoughts on what they consider to be the top choices. 10 best stocks to buy right now. Check out the 10 stocks here » 1. You cannot apply for benefits unless you have reached your full 62nd birthday for the entirety of the month. You can file for Social Security benefits up to four months prior to your intended claiming date; however, most ind...

Certain Americans save excessively for retirement, which leads them to make sacrifices throughout their working lives. Financial advisors suggested finding a balance between saving money and savoring life to prevent regrets during retirement. This is part of an continuing series exploring the regrets of older Americans. Joshua Winston, aged 70, performed quite well. preparing for retirement He successfully operated two veterinary clinics, managed smart investments , and lived frugally . However, just one week following his retirement in May, he was diagnosed with cancer . Now, Winston mentioned, he has misgivings. working such long hours throughout his career, frequently skipping outings and evenings reserved for couples. Winston is one of a few dozen respondents to an informal Business Insider survey who said they worked too hard During their careers or concentrating excessively on accumulating savings for retirement, sacrificing family time ...

Over eighty years, Social Security has provided a monthly benefit to those who have retired. Although these payments aren’t enriching anyone, they generally prove essential for many retirees. For the past 23 consecutive years, Gallup has carried out a survey aimed at assessing the degree to which retired workers depend on their received retirement incomes. Social Security These surveys indicate that between 80% and 90% of retirees rely on their regular monthly payment to help with their living costs. Start Your Mornings Smarter! Wake up with Breakfast news In your inbox each trading day. Register for Free » An independent study conducted by the Center on Budget and Policy Priorities revealed that the poverty rate among individuals aged 65 and older would be almost quadruple what it currently is if not for Social Security. As of 2022, this rate stands at 10.2% due to Social Security benefits; however, without these benefits, it cou...

According to recent findings from the Transamerica Center for Retirement Studies, many Americans end up retiring sooner than they anticipated, and this early retirement is frequently not voluntary. In the U.S., the typical age for retiring stands at 62, where approximately sixty percent of retirees report having left their jobs sooner than intended. Around half cited health concerns—like bodily restrictions or impairments—as the primary factor behind this premature exit. Other causes included involuntary unemployment or significant shifts within their employing organization leading individuals to cease work unexpectedly prior to reaching their desired retirement age. "Financially precarious" The research highlights the vulnerability of retirement in the U.S., as older Americans frequently find themselves retiring when they aren’t economically prepared to do so. Additionally, since many individuals are living longer than previous generations—the average participant...

Planning for retirement involves accurately estimating your life expectancy, but numerous Americans lack proficiency in understanding longevity. According to a report released by the TIAA Institute last year, merely 35% of American adults were able to accurately respond to a query about the anticipated lifespan of a 65-year-old male and female. The institute states that, according to data from the Social Security Administration estimating enhanced lifespans for various demographic segments, the expected age is 84 years for males and 87 years for females. Miscalculating the likelihood of a lengthy lifespan may result in inadequate savings and an early claim to Social Security benefits compared to what you might do with a more accurate evaluation. Conversely, overestimating how long you might live could cause you to be overly cautious with your expenditures. Financial planning software necessitates inputting an estimated lifespan. As Chris Briscoe, the director of financial p...

For many U.S. seniors who live on an annual income under $30,000, maximizing each dollar is crucial. Here comes Costco, like a superhero of saving money. Beyond being merely a store for buying large quantities, this big-box retailer stands out as a treasure trove of discounts and bargains, particularly beneficial for older customers. Get ready with your large shopping cart, and let’s explore how Costco can turn into your budget's greatest ally. Unlock exclusive benefits Your Costco membership provides you with access not just to purchase bulk items but also opens up a realm of special perks created to help cut costs and enhance ease. Score major savings on large quantity essentials Costco stands as the epitome of wholesale purchasing, offering significant savings on everyday necessities. Picture cutting down on grocery runs since you have an abundance of supplies like a year’s worth of toilet paper or plenty of laundry detergent to cover you until the next pres...

Putting off Social Security for retirement can lead to significantly larger monthly benefit payments. However, numerous individuals choose not to delay claiming their benefits, often due to financial necessity or personal preference. Specialists argue that certain popular justifications individuals provide for opting for early claims frequently do not withstand careful examination. When it comes to claiming Social Security When it comes to retirement benefits, experts concur that it's typically advisable to postpone them. Yet many people still claim early — whether at the youngest eligible age of 62 or prior to reaching their complete retirement age. These initial assertions lead to decreased Social Security payments throughout one's lifetime. In order to receive all the benefits you're entitled to, you must wait until you reach your full retirement age, which falls between 66 and 67 years old, based on when you were born. In order to ...