Demographics:
  • The percentage of Americans aged 65 and older will have increased from 8% in 1950 to 13% in 2009, and by 2020 is expected to reach 20% – or 88.5 million people. Read more…

  • About 40 million Americans are providing some form of care for an aging parent; 20 million are raising children and caring for parents simultaneously. Read more &  more…

Retirement & Financial Planning:
  • 40-50% of Baby Boomers are financially unprepared for retirement. Read more…

  • Approximately one third of all American workers have no retirement savings, and close to 60% have never calculated how much they will need for retirement. Read more & more

  • One in four Boomers expects to work until age 80; one in four working Boomers says they’ll never retire. Read more & more…

Poverty & Homelessness: 
  • Nearly 70% of American Seniors are categorized as either economically insecure or financially vulnerable. Read more…

  • Nearly one-third of homeless adults in the U.S. today are over 50, compared to 11% in the 1990s, according to national studies.  The sheltered homeless population aged 51-61 has grown from 18.9% of total sheltered persons in 2007 to 22.3% in 2010.   Read more…

  • The number of elderly homeless people in New York City shelters has increased 55% in the last 10 years. Read more

  • According to newly released census data, 15.9% of Seniors are living in poverty. Read more…

Housing:
  • 90% of Seniors express wanting to stay in their homes throughout their retirement years. Read more…

  • 80% of Seniors and 75% of Boomers are homeowners – most of homes that are ill-equipped for their needs as they age. Read more…

  • Across socio-economic lines, these homes represent much of aging Americans’ financial nest eggs – constituting over $3 trillion in home equity. Read more…

Health and Long-Term Care:
  • The average American Senior Citizen can expect to have over $300,000 of medical expenses not covered by Medicare. Read more

  • Currently, 10 million Americans need long-term care; that number is expected to increase to 15 million by 2020. Only 8% of Americans have long-term care insurance.  Read more…

  • The average cost of private nursing homes is $83,585 per year. Read more…

  • Only about a third of Americans have Medical Advance Directives, though over 60% report having specific wishes about their medical care should they be unable to make those decisions. Read more

Family Caregiving:
  • 70 million Americans provide unpaid caregiving support to a family member or friend – 40 million for a parent.

  • 25% of adult children provide personal care and/or financial support to a parent – a percentage that has tripled in the past 15 years. Read more

  • The total estimated aggregate lost wages, pensions, and Social Security benefits of these caregivers is nearly $3 trillion, or approximately $304,000 in lifetime losses per caregiver. Read more

  • A century ago, nearly 70 percent of elderly American widows lived with a child; today just 20 percent do.  Read more…