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Topic- Economics of aging
Economic status of older people in the US
Every two years, the US Social Security Administration explores the economic status of older adults using data from the Current Population Survey produced by the US Census Bureau. The most recent analysis of 12,162,000 couples and 17,478,000 single people (widow[er], divorced or separated, legally married but not living with a spouse, or never married) has just been released.
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Leaving an inheritance? People spend half and save half
For the National Longitudinal Survey of Youth 1979, 7,514 people in the United States were interviewed 23 times after 1979 when they were in their 20s, 30 or 40s.
moreEconomics of aging
$200 Billion cost of Alzheimer's and other dementias
Dementia and Alzheimer’s disease not only affect people, they have a major impact on pocketbooks in the United States. Background to the annual update of statistics from the Alzheimer’s Association explains that people with Alzheimer’s disease and other dementias tend to have other chronic conditions, and their mental condition makes care more difficult—and expensive.
moreEconomics of aging
How would you plan finances if you live to 100?
When 1,000 wealthier Americans with investable assets of $250,000 or more were asked how they would plan finances if they knew in advance they would live to 100, 75% said they would approach their money management differently to financially accommodate a longer life.
moreEconomics of aging
Where does the money go? Housing and health care
It comes as no surprise that spending patterns change after people retire from full-time work. As the author of a new report records, before retirement, workers in the US pay Social Security taxes, incur work-related expenses, and set aside money for retirement. After retirement, most people have different financial obligations, and, as a result, retirees may be able to maintain their level of preretirement well-being with very different income levels.
moreEconomics of aging
Stats: Industry revenue up for health care and residential care
The first release from the US 2010 Service Annual Survey tracked the revenues of services after the December-2007-to-June-2009 recession. This survey tracks broad categories of businesses and does not report on them in relation to the age of the clients they serve.
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