Today is your day Boomer! Baby Boomers in Canada and the United States hold about 50% of the wealth in our two nations, so naturally business wants to know more about what we spend our money on. A recent article on the Yahoofinance website outlines our 10 biggest spending habits...and what do you think is number one? Dining out and fitness memberships are #2 and 3 respectively, but the top focus is our "house"! Yahoo says "even if baby boomers have a fully paid-off house, they still have to take care of property taxes, repairs, maintenance, etc. Across the US and Canada, property taxes are on the rise as cities scramble to fund parks, recreation,and other municipal services." Number 4 is no surprise, especially in the winter: vacations. Five is coffee...we do like our Tim's! Number 6 is gifts for family and friends. Seven is electronics: contrary to popular belief, boomers are much more tech-savvy than the stereotypes give us credit. In fact, more seniors are embracing technology as a way to make new connections, stay in touch with family, and be much more mobile than their parents were in the past. Smartphones, tablets, and smart home components like Alexa-equipped speakers are growing in popularity. Eight is supplements to help enhance our energy; nine is new clothes, and ten...a big favourite, is pets and all their accessories! Boomers, we know "money makes the world go 'round" and while boomers are not the only generation spending money, our spending habits do influence products and services across a wide variety of industries. Cheers!

Comments

Post a Comment

Popular posts from this blog

Image
Today is your day Boomer! And today is another day for wining......and I don't mean complaining. I mean drinking some pressed grapes and enjoying the health benefits. That's right, drinking alcohol is good for you. First, let's state the obvious....only in moderate amounts: two glasses per day for men and one for women. Research shows the following positive health effects: (1) reduces risk of Alzheimer's and Parkinson disease (2) is an anti-flammatory(white wine is better for this) (3) decreases risk of high blood pressure and high cholesterol(red wine is a better choice) (4) good for mental health, may increase age longevity, may promote healthy gut bacteria. All of this sounds good and much of it boils down to the antioxidants which are higher in red wine. It seems reds--like Merlot, Cab Sav, and Shiraz--have been studied more.....which means more research is needed on whites. Boomers, maybe we could volunteer for a new study! Cheers!
Read more
Image
Today is your day Boomer! Some advice from a Boomer who is now two months removed from hip replacement surgery. Treat your recovery like a job. Every morning, I take a 30 minute hot tub to warm up my joints and muscles. You could use a shower, bathtub or warming pad. Then I do my physio exercises for 30-40 minutes.....and, I play uptempo, motivating music to keep me going. Then I drink water, then I do 30 minutes on our stationary bike with a favourite tv show or movie in front of me. Then I take about a two hour break to relax, read, eat and do other things....then, I walk for 40 minutes, sometimes with our dogs. I used to take walking sticks or a cane, now I take nothing but a good mindful attitude of enjoying the day and walking with good rhythm and technique. Then, I am done. For awhile, I would rest or nap...but now, that is not needed! My physiotherapist says I am about three weeks ahead of schedule and I can get back into the gym for whole-body, gradual workouts. That begins ...
Read more
Image
Today is your day Boomer! Here is an x-ray of my new hip! It's been 3 weeks today since my operation and, thankfully, all systems are a BIG go! Here is my good news update: **week number one was tough, but all is good since **I am driving again and taking hot tubs **my five-inch incision is healing nicely and the staples are gone **I am off the major painkillers and am just taking Tylenol **all my bodily systems are working **I am going back to work this week **I am walking outside 25-30 minutes per day **I have started physiotherapy and my specialist says I am ahead of schedule **I have no acute, stabbing pain, just a little pain around the edges **I am doing normal things like attending high school basketball games and going for coffee with my golf buddies **I am very dilligent in doing my physio exercises twice per day and then using ice **I have abondoned my four-wheel walker, my crutches and almost my cane **I am walking most of the time now without any assistance **I can ...
Read more