Statistics on an Aging America
The average life span in America is increasing and bringing with it increased costs in areas such as health care. Baby Boomers are reaching retirement age at a rapid rate and will continue to for the next few decades. Costs will continue to rise for programs such as Social Security and Medicare. Statistics are very important when planning for these increased costs because they can tell us how much we are expected to spend in the future based on the growth of the aging population. We can then extrapolate from this information and come up with the best policies and reforms in order to keep up with the costs. For more information visit this article by Carol Marak with GovTech.com.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.