How To Survive Old Age (Your Own or Someone You Love)

Statistics on Aging

These days there are lots of statistics out there in books, in the news, and on the web about aging, growing old, living longer, taking care of aging parents and everything in-between.

  We highlight some of the important stats here. Take them seriously or think of them as a harsh reminder of reality, don't get depressed, take action!  Get your head around the idea that if you are 64 today you will probably live well into your 80's and what you need is a plan!

The average caregiver is a 46 year old married female who works outside of the home and earns an annual income of $35,000.  According to several studies from the Bureau of Labor Statistics, 70% of these women are 45 to 56 years old and work full time outside the home.

Of that number, 20% have had to reduce the number of hours they work, utilize flexible work situations, have lost income, and or have had to quit work entirely to stay home and be caregivers to an elder parent or in-law.

  • Women make up 72% of those unpaid family members who serve as caregivers; and, 64% of these women also work full or part time. 
  • Daughters make up the largest proportion of these caretakers.
  • A growing number of caregivers are women over age 65 who face their own "graying" problems. 
  • In the American culture, according to the vast majority of research, it is still regarded as a daughter's responsibility to care for an elderly parent. 
  • Twenty percent of a woman's life span will involve a parent over the age of 65.
    Read more on FamilyEducation: http://life.familyeducation.com/caretaking/aging-parents/54556.html
  • 40% of people receiving long-term care are working-age adults between the ages of 18-64.
    - National Clearing House for LTCI Information, 2008. 
  • 74% of consumers ages 55 to 65 polled for a recent survey said they are concerned about needing some kind of long term care.
    - Prudential Financial Inc. Newark, N.J. 2010 Long Term Care Cost Study. 
  • About 70% of Americans over the age of 65 years will need long-term care services during their lifetime.  By 2020, this number is expected to exceed 12 million.
    - Prudential Research Report: Long Term Care Cost Study, 2010. 
  • About 74% of consumers between the ages 55-65 are already looking into some type of long term care.
    -Prudential Research Report: Long Term Care Cost Study, 2010.
  • Aging Baby Boomers will significantly impact the potential demand for long-term care services over the next two decades – according to research by Prudential Financial, over the next 20 years the number of Americans age 65 and older will more than double to 71 million, comprising roughly 20% of the U.S. population. 
  • Nationally, home health care costs have grown by 13% since 2008 and the annual cost for a private room in a nursing home exceeds $90,000 in 2010. -Prudential Research Report: Long Term Care Cost Study, 2010. 
  • About 70% of people over age 64 will require some type of long term care services during their lifetime. More than 40% will need care in a nursing home. - National Clearinghouse for Long Term Care Information, 2008. 
  • Women will need care longer (3.7 years on average) than men (2.2 years on average), mainly because women typically live longer. - National Clearinghouse for Long Term Care Information, 2008. 
  • While about 1/3 of people 65 years old may not ever need long term care services, 20% will need long term care for longer than 5 years. - National Clearinghouse for Long Term Care Information, 2008. 
  • Ninety-four percent of people over 65 live independently and enjoy many of the same activities as do younger people.
    Read more:
    http://transgenerational.org/aging/myths-of-
    aging.htm#MythofSenility#ixzz1uHnJqwFZ
  • Most older people do not live alone. Over half of those age 65 and older live with a spouse or with other relatives, while less than one in five live alone. Most of these, however, are women because women generally live longer than men.

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