“By 2060, a quarter of U.S. residents will be over age 65,” by Mike Schneider, Associated Press
“By 2060, almost a quarter of all U.S. residents will be over age 65, and life expectancy will reach an all-time high of 85 years, according to new reports the U.S. Census Bureau released Thursday.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
When life expectancy was 65, the government started Social Security and look what happened. The program is bankrupt just as the elderly population explodes. Now that life expectancy will be 85, the age at which health and LTC expenses skyrocket, Medicare and Medicaid are next.