This quarter, we turn our attention to care, an issue that affects all Americans. By 2020, one in three Americans will have elder care responsibilities.1 This demographic shift will have significant economic, social and emotional impact, and it will disproportionately affect women, who provide the bulk of care, both as paid and unpaid caregivers.2
Our feature interview with Dr. Anne-Marie Slaughter, President & CEO of New America, explores the importance of providing both men and women with the ability to work as either breadwinners or caregivers. In the article, Dr. Slaughter explains the benefits that come from embracing the flexibility that our digital age affords, teaching boys and young men about their role as caregivers and adopting a more inclusive understanding of feminism.
When planning for retirement, we’re often advised to reduce portfolio risk by shifting exposure from volatile equity investments to more stable bond investments. In “Beyond Bonds: A Case for Equities in Retirement,” Caroline Thomas of BBH’s Investment Research Group questions the validity of this long-standing view given today’s low rate environment and highlights the benefits of equity investing for retirement-age investors.
In this issue’s “By The Numbers” infographic, we explore the challenges facing the sandwich generation – adults who are caring for a parent age 65 or older while also raising a young child or financially supporting a grown child – and examine the future of care.
For families of dementia patients, their loved one’s disease is a marathon, rather than a sprint. BBH Wealth Planner Anne Warren shares her personal story of coping with her mother’s dementia diagnosis and calls attention to the costs of long-term care and the importance of engaging in estate planning early.
While detailing her journey as a widow in “From Grief to Joy: Rebuilding an Abundant Life,” Ella Wall Prichard discusses the struggles she faced while taking control of her husband’s business, the impact of his passing on her family and the wisdom she discovered along the way.
Finally, as part of our “Five Questions with…” series, Dr. Mehri D. Moore, founder of THIRA Health, discusses her work helping women and girls with anxiety and depression. She also explains how she’s been able to successfully balance the demands of caring for her family with caring for her patients.
1 Slaughter, Anne-Marie. Unfinished Business: Women Men Work Family. Random House, 2015. 240. Print.
2 National Alliance for Caregiving and AARP. "Caregiving in the U.S.," April 2014. Web.