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    Young Americans Can’t Keep Funding Boomers and Beyond

    You know the expression “OK, Boomer”? Better said as “Boomer OK.” That’s because the social safety net in the United States is increasingly favoring the old over the young. And this affects our political views and the security of future generations.Younger Americans have valid reason for disgruntlement: Big shifts in income and wealth are dramatically favoring their elders. Under almost every president since 1980, 80 percent of the real growth in domestic spending has gone to Social Security and health care, with Medicare the most expensive health program, according to calculations based on federal data. As a share of GDP, all other domestic outlays combined have declined.Our current tax system also largely does not help Americans, most of whom are younger, pay for their higher education. That wasn’t as big a deal in the 1960s or 1970s, when the average college graduate most likely had little or no student debt. Today, the average taken out each year is about seven times that in 1971, in part because state governments have stripped colleges and universities of funding. This is happening at a time when owning a house is increasingly out of reach. The median price has risen from about 3.5 times median annual income in 1984 to 5.8 times in 2022.So it shouldn’t come as a surprise that today, younger generations are more likely to fall into lower-income classes than their parents or grandparents. Nearly a half century ago, it was the reverse. And in 1989, the median net worth of Americans aged 35 to 44 was nearly 75 percent of those aged 65 to 74. By 2022, that ratio had fallen to one-third.The why is simple. Unlike most other spending, Congress effectively designed Medicare in 1965 and Social Security in the 1970s in such a way that outlays would increase forever faster than our national income. That’s partly because Medicare costs keep rising along with medical prices and new treatments and because Social Security benefits are designed to increase for each new generation along with inflation and wages. And we’re living longer, which means more years of benefits.Today, tax revenues are so committed to mandatory spending, largely for older Americans, and to interest on the national debt (which has quadrupled as a share of G.D.P. since 1980) that few revenues are left for everything else. So, unless we borrow to pay for it, there’s little for education, infrastructure, environment, affordable housing, reducing poverty, or the military.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Maria Branyas Morera, World’s Oldest Person, Dies at 117

    Ms. Morera, who cultivated a following on social media as “Super Catalan Grandma,” died peacefully in her sleep, her family said.Maria Branyas Morera, an American-born Spanish woman believed to be the oldest person in the world, has died, according to her family. She was 117.Ms. Morera died on Aug. 19 in Olot, Spain, according to an employee at her nursing home, Residencia Santa Maria del Tura. Her family wrote in a post on her X account that she had died peacefully, in her sleep.“A few days ago she told us: ‘One day I will leave here. I will not try coffee again, nor eat yogurt,’” her family wrote in Spanish in the post. “‘I will also leave my memories, my reflections and I will cease to exist in this body. One day I don’t know, but it’s very close, this long journey will be over.’”Born in March 1907 in San Francisco, Ms. Morera grew up in several American cities, including New Orleans, where her father, a journalist, started a Spanish-language magazine that went bankrupt, according to several news stories written about her life. Facing dire straits, the family returned to Spain when Ms. Morera was a child.There, she lived through the brutal Franco regime, when the country was wracked by civil war, and she survived both World Wars. She had clear memories of the D-Day invasion at Normandy, she told the Spanish newspaper La Vanguardia.“I haven’t done anything special to get to this age,” she said in an interview with the Spanish newspaper El País earlier this year.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    5 Books to Make Caregiving a Little More Manageable

    Health care professionals and other experts shared recommendations for anyone providing and receiving care.Tina Sadarangani, a geriatric nurse practitioner in New York City, has spent years working with older adults and their families. She counsels patients on the medications they should take, the eating habits they should change and the specialists they should see.But it wasn’t until her own father became seriously ill — requiring a slew of medications, deliveries, physical therapy and more — that she understood the experience from what she calls “the other side of the table.”Dr. Sadarangani, who has a doctorate in nursing, comes from a family of medical providers. But most of the people who care for loved ones don’t have this expertise.“If it was this complicated for our family,” Dr. Sadarangani said, “how were people with no medical backgrounds doing this every day in America?”Resources like books aren’t a panacea, she said. But they can help validate experiences, offer advice and make us feel less alone. Here are five titles, recommended by health care providers and other experts, to help those who help others.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    America’s Gerontocracy Problem Goes Beyond the President

    Whether or not Joe Biden persists in his run for president, America’s gerontocratic crisis will keep on worsening. But high-profile symptoms like Mr. Biden’s difficulties provide an opportunity to confront the issue — a social form of sclerosis that will persist unless and until more power is transferred from the wrinkled to the rest.Gerontocracy transcends government as a full-scale social phenomenon, in which older people accumulate power of different kinds, and then retain it.This form of power is both old and new. The term “gerontocracy” was popularized a century ago by the Scottish anthropologist J.G. Frazer to refer to a very early form of government, in which power reposed in councils of elders. Since premodern societies valued the past over the future, and the ancestral over the innovative, it was only natural to allocate authority to those with cumulative experience and nearer the realm of the honored dead.When the Constitution imposed an age minimum of 30 (and no maximum) on the Senate, that restriction alone excluded roughly three-quarters of the white population from serving. This set up the distant possibility of our present, in which Mr. Biden could become one of the youngest senators ever when he took his seat at age 30, while Dianne Feinstein (age 90), Robert Byrd (92) and Strom Thurmond (100) all either died in office or just months after retirement.The Supreme Court is also an outpost of elder rule. The Constitution gives federal judges life tenure, so it is entirely up to them when they finally depart, alive or dead. And it is not surprising when they die in the midst of opining on the law: Ruth Bader Ginsburg at 87, William Rehnquist at 80 and Antonin Scalia at 79. At least five federal judges have passed 100 years of age while on the bench.The Supreme Court was quasi-gerontocratic from the start, like the Senate, only more so. The popular and professional ideology of the judicial role emphasizes even more the association of age with wisdom. And the Supreme Court’s oracular purposes, priestly trappings and mystical rituals make it resemble, more than any other American political institution, gerontocratic clubs like the Roman Catholic Church’s College of Cardinals.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    George Clooney: Me encanta Joe Biden. Pero necesitamos un nuevo candidato

    Toda mi vida he sido demócrata; no me disculpo por eso. Estoy orgulloso de lo que mi partido representa y defiende. Como parte de mi participación en el proceso democrático, y en apoyo al candidato que he elegido, he dirigido algunas de las mayores recaudaciones de fondos de la historia de mi partido. Barack Obama en 2012. Hillary Clinton en 2016. Joe Biden en 2020. El mes pasado colaboré en la organización la mayor recaudación de fondos en apoyo de un candidato demócrata de la historia, para la reelección del presidente Biden. Digo todo esto solo para expresar lo mucho que creo en este proceso y lo importante que creo que es este momento.Me encanta Joe Biden. Como senador. Como vicepresidente y como presidente. Lo considero un amigo y creo en él. Creo en su carácter. Creo en su moral. En los últimos cuatro años, ha ganado muchas de las batallas a las que se ha enfrentado.Pero la única batalla que no puede ganar es la lucha contra el tiempo. Ninguno de nosotros puede. Es devastador decirlo, pero el Joe Biden con el que estuve hace tres semanas en la recaudación de fondos no era el Joe “big F-ing deal” Biden de 2010. Ni siquiera era el Joe Biden de 2020. Era el mismo hombre que vimos en el debate.¿Estaba cansado? Sí. ¿Resfriado? Tal vez. Pero los líderes de nuestro partido tienen que dejar de decirnos que 51 millones de personas no vieron lo que acabamos de ver. Estamos tan aterrorizados ante la perspectiva de un segundo mandato de Trump que hemos decidido ignorar todas las señales de advertencia. La entrevista de George Stephanopoulos solo reforzó lo que vimos la semana anterior. Como demócratas, contenemos colectivamente la respiración o bajamos el volumen cada vez que vemos al presidente, a quien respetamos, bajar del Air Force One o acercarse a un micrófono para responder a una pregunta no programada.¿Es justo señalar estas cosas? Tiene que serlo. Se trata de la edad. Nada más. Pero tampoco es algo que pueda revertirse. No vamos a ganar en noviembre con este presidente. Además, no ganaremos la Cámara de Representantes y perderemos el Senado. Esta no solo es mi opinión; es la opinión de todos los senadores y congresistas y gobernadores con quienes he hablado en privado. Todos y cada uno, independientemente de lo que digan en público.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    George Clooney: I Love Joe Biden. But We Need a New Nominee.

    I’m a lifelong Democrat; I make no apologies for that. I’m proud of what my party represents and what it stands for. As part of my participation in the democratic process and in support of my chosen candidate, I have led some of the biggest fund-raisers in my party’s history. Barack Obama in 2012. Hillary Clinton in 2016. Joe Biden in 2020. Last month I co-hosted the single largest fund-raiser supporting any Democratic candidate ever, for President Biden’s re-election. I say all of this only to express how much I believe in this process and how profound I think this moment is.I love Joe Biden. As a senator. As a vice president and as president. I consider him a friend, and I believe in him. Believe in his character. Believe in his morals. In the last four years, he’s won many of the battles he’s faced.But the one battle he cannot win is the fight against time. None of us can. It’s devastating to say it, but the Joe Biden I was with three weeks ago at the fund-raiser was not the Joe “big F-ing deal” Biden of 2010. He wasn’t even the Joe Biden of 2020. He was the same man we all witnessed at the debate.Was he tired? Yes. A cold? Maybe. But our party leaders need to stop telling us that 51 million people didn’t see what we just saw. We’re all so terrified by the prospect of a second Trump term that we’ve opted to ignore every warning sign. The George Stephanopoulos interview only reinforced what we saw the week before. As Democrats, we collectively hold our breath or turn down the volume whenever we see the president, who we respect, walk off Air Force One or walk back to a mic to answer an unscripted question.Is it fair to point these things out? It has to be. This is about age. Nothing more. But also nothing that can be reversed. We are not going to win in November with this president. On top of that, we won’t win the House, and we’re going to lose the Senate. This isn’t only my opinion; this is the opinion of every senator and congress member and governor that I’ve spoken with in private. Every single one, irrespective of what he or she is saying publicly.We love to talk about how the Republican Party has ceded all power, and all of the traits that made it so formidable with Ronald Reagan and George H.W. Bush, to a single person who seeks to hold on to the presidency, and yet most of our members of Congress are opting to wait and see if the dam breaks. But the dam has broken. We can put our heads in the sand and pray for a miracle in November, or we can speak the truth.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Alzheimer’s Takes a Financial Toll Long Before Diagnosis, Study Finds

    New research shows that people who develop dementia often begin falling behind on bills years earlier.Long before people develop dementia, they often begin falling behind on mortgage payments, credit card bills and other financial obligations, new research shows.A team of economists and medical experts at the Federal Reserve Bank of New York and Georgetown University combined Medicare records with data from Equifax, the credit bureau, to study how people’s borrowing behavior changed in the years before and after a diagnosis of Alzheimer’s or a similar disorder.What they found was striking: Credit scores among people who later develop dementia begin falling sharply long before their disease is formally identified. A year before diagnosis, these people were 17.2 percent more likely to be delinquent on their mortgage payments than before the onset of the disease, and 34.3 percent more likely to be delinquent on their credit card bills. The issues start even earlier: The study finds evidence of people falling behind on their debts five years before diagnosis.“The results are striking in both their clarity and their consistency,” said Carole Roan Gresenz, a Georgetown University economist who was one of the study’s authors. Credit scores and delinquencies, she said, “consistently worsen over time as diagnosis approaches, and so it literally mirrors the changes in cognitive decline that we’re observing.”The research adds to a growing body of work documenting what many Alzheimer’s patients and their families already know: Decision-making, including on financial matters, can begin to deteriorate long before a diagnosis is made or even suspected. People who are starting to experience cognitive decline may miss payments, make impulsive purchases or put money into risky investments they would not have considered before the disease.“There’s not just getting forgetful, but our risk tolerance changes,” said Lauren Hersch Nicholas, a professor at the University of Colorado School of Medicine who has studied dementia’s impact on people’s finances. “It might seem suddenly like a good move to move a diversified financial portfolio into some stock that someone recommended.”Tell us about your family’s challenges with money management and Alzheimer’s. More

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    Legalized Weed is Landing More Seniors in the E.R.

    In Canada, cannabis poisonings rose sharply among people 65 and older after the country legalized the drug, a new study found.The NewsAs more places legalize marijuana, policymakers and health officials have worried about the health risks that the drug may pose to adolescents. But a new study suggests that an additional demographic is at risk: seniors.The study, published Monday in JAMA Internal Medicine, found that after Canada legalized marijuana, the number of emergency room visits for cannabis poisoning rose sharply among people ages 65 and older. Poisonings doubled after Canada legalized sale of the cannabis flower, and then tripled just 15 months later, when Canada legalized the sale of edibles.“It’s often a baked good, a chocolate or a gummy,” said Dr. Nathan Stall, a geriatrician at Mount Sinai Hospital and researcher at Women’s College Hospital in Toronto, and lead author on the study. Dr. Stall noted that researchers and emergency room doctors were finding that seniors used drugs intentionally but also sometimes by accident, when edibles were mistaken for regular food or snacks.Symptoms of cannabis poisoning can include dizziness, confusion, nausea, loss of coordination and balance, drowsiness and hallucinations.The findings were consistent with other research published in the United States, Dr. Stall said, and showed that more attention needed to be paid to drug use by seniors, and to the health effects.“It’s somewhat in the shadows, and there is some ageism and bias in thinking that older adults aren’t using drugs,” Dr. Stall said.Edible marijuana samples at a cannabis testing laboratory in Santa Ana, Calif.Chris Carlson/Associated PressThe StudyThe study looked at 2,322 emergency room visits for cannabis poisoning among people 65 and older in Ontario. The visits spanned 2015 through 2022, allowing researchers to see what happened before and after October 2018, when Canada legalized the sale of dried cannabis, and January 2020, when the sale of edibles was legalized.In 2015, there were 55 emergency room visits caused by cannabis poisoning. That figure rose steadily to 462 by 2021, and then fell off slightly to 404 in 2022.Dr. Stall said he was motivated to undertake the study after being called into the emergency room to consult on an octogenarian who was experiencing severe confusion. The patient was barely conscious and showed strokelike symptoms. Multiple tests revealed no clear cause, until Dr. Stall ordered a toxicology test and found cannabis in the patient’s urine.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More