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Topic- Economics of aging
Cost of long-term care on the rise
When people need ongoing assistance with activities of daily living or additional care for a health condition, they can pay a home health aide or companion to come to their homes or visit an adult day center. An alternative is to move into a residential facility offering assisted living services or nursing care.
moreEconomics of aging
Diabetes threatens lives and economies
At the recent World Diabetes Congress, updated figures showed that the prevalence of diabetes is rising at a rapid rate. In a call to action, the diabetes federation’s president said that unhealthy lifestyles are fueling the diabetes epidemic. He called on governments to make sure that healthy life choices are available and affordable, and urged them to do their utmost to help prevent diabetes and other so-called lifestyle diseases.
moreEconomics of aging
Income sources of older Americans
Data from the Current Population Survey tracked the sources of income for people over age 65. In 2008, income sources included earnings, pensions, personal savings and public programs such as Social Security and Supplemental Security Income. The most common income sources were Social Security and pensions.
moreEconomics of aging
Older Americans have rising healthcare costs
About 89% of people ages 45-64 incurred medical expenses in 2006, according to data from the Medical Expenditure Panel Survey.
moreEconomics of aging
The economy impacts work plans and investments
A recent survey confirms people nearing retirement are planning to work longer, but also finds they still have financial resources.
moreEconomics of aging
Want to save money? Treat chronic disease
People who have high blood pressure, high cholesterol and/or are overweight also have higher healthcare costs. Healthcare costs were approximately $2,000 higher for people with these conditions, according to a study in last week’s issue of ICAA Research Review (9[34] 2009). An unrelated study looked at healthcare costs for older adults if these conditions were treated successfully.
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