“Americans Over 70 Hold More Than 30% of the Country’s Wealth,” by Alex Tanzi, Yahoo!Finance

“Most don’t work anymore, but Americans age 70 and older have seen their share of collective wealth surge during the pandemic. As a group, these older baby boomers have accumulated more than $14 trillion in additional net worth since the end 2019, based on Federal Reserve data. Their share of the country’s wealth has jumped to a record 30% last quarter, even though they account for 11% of the population.”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Our new report argues aging Americans hold more than enough wealth to fund LTC if it were unleashed and mobilized. This is more evidence that’s true. Read “Long-Term Care: The Solution” for how to rethink and fix LTC.