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Will You Live Beyond 65?

Posted by Linda

Jul 27, 2010 10:58:49 AM

A recent report by suggests you probably will. While we're still reading thru parts of the newly released report, Older Americans 2010: Key Indicators of Well-Being, the NY Times summarizes a few interesting metrics:

By 2030, when all surviving baby boomers will be over 65, the report projects there will be 72 million seniors, about 20 percent of the population.

Are you nearing 85?

The 85-and-over United States population, the fastest-growing cohort in the country, is projected to rise from 5.8 million today to 19 million in 2050.

We're especially interested in costs of living this long.

Living longer does not come cheaply. After adjustment for inflation, annual health care costs for the average senior increased from $9,224 in 1992 to $15,081 in 2006, the report says.

We hope to share some personal thoughts on the report soon, but in the meantime we'd love to hear any comments you may have.

Topics: Long Term Care Insurance, Cost of LTC