“39% of adults in their 70s view Social Security as ‘a lifeline’,” by Lois A. Bowers, McKnight’s Senior Living   Quote: “Thirty-nine percent of respondents to a new survey who were aged 70 to 79 said they plan to rely on Social Security in retirement ‘a lot, as a lifeline to keep me afloat,’ suggesting both challenges and opportunities ahead for senior living operators. An additional one-third (33%) in that age group who participated in TD Ameritrade’s ‘Road to Retirement Survey’ said they plan to rely on Social Security ‘some,’ and 27% said ‘a little, as a cushion when I need it.’
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“How to Survive as a Caregiver: Six Essential Tips,” by Dorothy Kelley, Today’s Caregiver   Quote: “Have you ever found yourself thrust into a job that you would never have applied for, and for which you didn’t have the background or training? For which you felt you were unsuited in so many ways?  And for which you are not allowed to quit or retire?  That scenario might be the stuff of most people’s nightmares, but for millions of Americans, it is the reality of life as a caregiver.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Anyone who
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What The 2020s Have In Store For Aging Boomers,” by Judith Graham, Kaiser Health News   Quote: “Within 10 years, all of the nation’s 74 million baby boomers will be 65 or older. The most senior among them will be on the cusp of 85. Even sooner, by 2025, the number of seniors (65 million) is expected to surpass that of children age 13 and under (58 million) for the first time, according to Census Bureau projections. … What lies ahead in the 2020s, as society copes with this unprecedented demographic shift? I asked a dozen experts to identify important trends.
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“NAIC Prepares to Collect State-by-State LTCI Rate Data,” by Allison Bell, ThinkAdvisor   Quote: “State insurance regulators are getting ready to collect data that could shape a dispute over how some states handle requests for long-term care insurance (LTCI) rate increase requests. The National Association of Insurance Commissioners (NAIC) says it plans to pay a contractor $110,000 to collect detailed, state-by-state LTCI rate information. The contractor will begin developing the LTCI rate ‘data call,’ or questionnaire, in February, according to a data call project impact statement posted on the NAIC’s website. A link to the LTCI rate data call fiscal impact
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“There are at least 4 different ways of aging, scientists say,” by Erika Edwards, NBC News   Quote: “Anyone who has attended a class reunion has seen firsthand that people age in different ways. Some former classmates appear to have aged a century within just a few decades, while others look just as they did fresh from 11th grade English class. Now, a study published Monday in Nature Medicine takes a deeper look at what’s going on at a molecular level, offering a possible explanation for why we age differently, and raising the tantalizing possibility that we could one day have an impact
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“40% of Older Americans Rely Solely on Social Security for Retirement Income,” by National Institute on Retirement Security, Advisor Magazine   Quote: “Only a small percentage of older Americans, seven percent, receive income from Social Security, a defined benefit pension, and a defined contribution account. Retirement income from these three sources is widely considered to be the ideal situation to ensure retirement security, particularly for the middle class. Retirees with these three sources of income are far less likely to face poverty and economic hardship. A new report also finds that a large portion (40 percent) of older Americans rely only
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