Chance that an American today is over 65: 1 in 8
Percentage of all federal domestic spending that goes to the elderly: 46%
Average annual health care costs for older
Americans who earn more than $30,000 a year: $11,000
Average annual health care costs for older
Americans earning less than $10,000 a year: $17,000
Chance that a senior citizen will become physically
or cognitively impaired in their lifetime: 2 in 3
Chance that a senior citizen will enter a nursing home: 1 in 3
Average cost to stay in a US nursing home for one year: $76,680
Average number of days which individuals that require long term care, receive it: 904
Percentage of older population with long term care needs
who live at or near the poverty level: 40%
Percentage of total long term care hours that are provided by unpaid caregivers: 84%
Percentage of Americans over 60 who live with a younger relative: 6.3%
Percentage increase by 2040 in the number of
elderly requiring long term care that have no children: 50%
Number of centenarians (persons aged 100+)
alive today for every one centenarian alive in 1990: 2
Projected number of centenarians in 2050 for every one centenarian alive in 1990: 31
My question is: Who is going to pay for this care?
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