Can our Economy and Health Care System Survive Aging Baby Boomers?
There have been improvements in the Social Security system that includes the introduction of Medicare that has had important effects on the economic well-being of senior citizens in the United States. Today, the percentage of senior citizens with incomes below the poverty line is about 10%. These gains have not been shared by all senior citizens. Poverty rates are higher among certain groups of senior citizens that include:
•Black Americans
•Hispanic Americans
•People who never finished high school
•People living alone
•People 85 and older
•People living in central cites
•People living in rural areas
Level of education among US senior citizens in the future is one of the most dramatic changes. By the year 2030, 83% of seniors will have completed high school. Senior citizens with a bachelor degree or more will have increased to 24%. These changes are significant… Read More…
