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Topic- Economics of aging
Healthcare costs top list of older adults' concerns
The latest National Poll on Healthy Aging reveals that health-related costs top older adults' list of concerns. Costs of different types of care, and of prescription drugs and insurance, rated as topics of highest concern among people over 50. From medical and dental care to medications, insurance and nursing homes, health-related costs weighed heavily on the minds of older Americans of all backgrounds, a new poll suggests.
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Canada facing caregiving crisis: Report
A new report on caregiving in Canada provides an in-depth analysis of survey results collected in a national caregiving survey completed by more than 3,000 caregivers and care providers from across Canada. The findings are likely relevant in the US and elsewhere, as are the policy implications.
moreEconomics of aging
Surprising truth about intergenerational wealth transfer
"Boomers are rolling in financial assets. But they are probably going to spend all their savings before they can pass anything down to their children," writes Ann C. Logue for Business Insider. In a fascinating and timely article, with links to relevant studies and related resources, Logue documents why the "great wealth transfer" from Boomers -- who currently hold about half of US wealth, although they make up only 17% of the population -- to their families is unlikely to take place, and if it does, why the main beneficiaries will be those who don't actually need the money.
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Stats: 42% of retirees fear loss of Social Security
A recent research report describes the retirement insecurities of retirees and age 50+ workers. It can provide valuable insights into current and future active-aging customers.
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Stats: 30% of pre-retirees face worse health, economic status
The expected health and economic well-being of Americans nearing retirement age in the lower half of the economic distribution today is no better than that of their counterparts more than two decades ago, a recent study shows. The findings have implications for the senior living market and employers.
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Tech Talk: 2023 Fintech for Aging and Longevity map launches
Fintech4Longevity recently posted an interactive map that provides a detailed overview of start-ups in the field of longevity and finance. The company curated the ecosystem map with a specific focus on highlighting start-ups that intersect longevity and finance, while also supporting technological advancements in the realm of finance and fintech. It's worth a look for the depth of information and insights into how potential customers might expand and extend their income and equity, as well as resources for potential collaborations around financial education.
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