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Topic- Economics of aging
Stats: 90% of adults 65+ take prescription meds
A new report from the US Centers for Disease Control and Prevention (CDC)'s National Center for Health Statistics highlights that about 1 in 5 older adults do not have insurance coverage for prescription drugs. And even for those with a prescription drug plan, paying for medications can be expensive. As a result, some older Americans are skipping doses or delaying refills to save money. This is something active-aging organizations may want to check on among their residents and members.
moreEconomics of aging
Multigenerational workforce wants stronger US retirement system
Just one in five US workers (20%) is "very" confident they will be able to fully retire with a comfortable lifestyle, according to "The Multigenerational Workforce: Life, Work, and Retirement," a recently released report from nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica Institute®. The report is based on findings from a 2023 survey that included more than 5,700 US workers in for-profit companies, and it can provide organizations with insights regarding their staff, as well as residents and members. It features comparisons of responses by Generation Z, Millennials, Generation X, Boomers.
moreEconomics 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.
moreEconomics of aging
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.
moreEconomics of aging
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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