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At age 52, Bridget Fisher became a first-time grandmother. She worked in human resources at a scientific research company, a job she’d held for 20 years. She had raised two children, divorced her first husband, remarried, and survived a cancer scare.

Her fast-paced job required her to travel around the country, setting up meetings and conferences. The company did not offer retirement benefits. Bridget had seen many employees put in 10, 15, or 20 years of service only to get laid off when they were considered too old. Because of laws against age discrimination, the company executives were careful to prevent any records from suggesting age as the reason for the layoffs.

Seeking to avoid the crisis she would face if she were laid off, Bridget went into action. She took advantage of the company’s policy to put its employees through college if they continued to work two years past graduation. Completing evening classes in nursing at the local technical school, she became a registered nurse after four years. She worked two more years, then quit her job in HR, and accepted a part-time nursing job at a family clinic. Her new job offered retirement benefits. Bridget no longer had to travel to work and she was able to spend more time with her family and to cultivate new hobbies.

Today, Bridget Fisher, 62, is a wife, mother of two, grandmother of three, part-time nurse, master gardener, and quilt club member. She enjoys golfing and camping with her husband and taking her terriers to the local dog park. She does not expect to retire from the workforce for five or ten more years, and though the government officially considers her a senior citizen, she doesn’t feel old. In fact, while bouncing her grandchild on her knee, Bridget tells her daughter, 38, “I never felt younger.”

Age is not merely a number; it represents a wealth of life experiences that shape whom we become. With medical advancements that prolong human life, old age has taken on a new meaning in societies with the means to provide high-quality medical care. However, many aspects of the aging experience depend on social class, race, gender, and other social factors.

A yellow street sign in a residential neighborhood reading “Watch for Senior Citizens” is shown.
What does this sign mean? Why would there be a need for it on a street? What assumptions about senior citizens might this message be based on? (Photo courtesy of Ethan Prater/flickr)

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Introduction to sociology. OpenStax CNX. Jun 12, 2012 Download for free at https://legacy.cnx.org/content/col11407/1.7
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