Study Predicts More Older Americans and Strains on Social Network
From our friends at the ElderLaw Answers Blog:
The MacArthur Foundation’s Research Network on an Aging Society has released a report predicting that by 2050 Americans may well live on average almost eight years longer than is predicted by the Census Bureau or the Social Security Administation. More likely, life expectancy for males will be three years longer than now predicted, reaching 83 years and for females will be 4.5 years longer than predicted, reaching 89 years, both approximately a decade longer than today’s life expectancy.
If these predictions come true, it will have a significant impact on Social Security and Medicare expenditures, which are already facing bankruptcy (Medicare especially) under lower longevity forecasts. Yet, the MacArthur Foundation Study, Aging in America in the Twenty-First Century: Demographic Forecasts from the MacArthur Foundation Research Netwok on an Aging Society, is not entirely pessimistic.
Check out the rest of the piece at: http://blog.elderlawanswers.com/?p=207