Aging

The Federal Government Will Spend Half Its Budget On Older Adults In Ten Years

In 10 years, the federal government will spend half its budget (not counting interest on the debt) on those aged 65 and older. The inexorable aging of the Baby Boom generation means that a growing share of federal spending will be used to support older adults—mostly for health care and retirement benefits. As CBO importantly notes, it is misleading to [...]

By |2019-02-01T09:25:16+00:00February 1st, 2019|Aging|0 Comments

Don’t Blame Older Adults For Big Increases In Medicaid Spending

Is the growing need for long-term supports and services (LTSS) by older adults driving big increases in Medicaid spending? Not according to a new study by Don Redfoot and my Urban Institute colleague Melissa Favreault. Indeed, they found that while Medicaid enrollment and expenditures for older adults grew in recent decades, it had far less effect on the program than [...]

By |2018-08-22T19:15:44+00:00August 23rd, 2018|Aging, Medicaid|0 Comments

A New Snapshot of Older Adults In The US

It is easy—and dangerous—to create stereotypes of older adults. Just when you think you have a picture in your head of what a senior is, you realize how very different they are. To borrow a phrase: You’ve seen one older adult and, you’ve seen one older adult. The 50 million Americans over 65 are more economically and racially diverse than [...]

By |2018-05-03T20:14:20+00:00May 4th, 2018|Aging|0 Comments

Many Americans Go Broke In Retirement, But Many Others Gain Wealth In Old Age

While many Americans spend their through assets in old age, a surprising number have more savings two decades after retiring than they do when they leave their jobs.  The phenomenon is yet another chapter in the story of old age in the US-- which might be titled A Tale Of Two Retirements. A new study by Sudipto Benerjee of the [...]

By |2018-04-18T15:35:38+00:00April 18th, 2018|Aging|4 Comments

What Do We Call Aging Baby Boomers?

Are you ready for a new debate over what to call old people? This happens every few years:  We’ve tried senior citizens, seniors, the elderly, elders, retirees, and even gerontos. Lately, “older adults” seemed to be catching on. That’s the phrase I mostly use though it is not entirely satisfying either. Older than who? Then there are the euphemisms for [...]

By |2018-02-14T12:43:53+00:00January 3rd, 2018|Aging|0 Comments

What the GOP Tax Cut Will Mean For Older Adults

Congress is nearing passage of a $1.5 trillion tax cut that would mostly benefit businesses and high-income households. For older adults, the effects are complicated. Some will receive large tax cuts. Some will be no better off and a few will be worse off. But beyond the immediate tax changes in the bill, the measure sets the stage for what [...]

By |2018-02-14T12:43:53+00:00December 15th, 2017|Aging|0 Comments

Why Big Storms Like Irma and Harvey Are Needlessly Killing Frail Elders

You probably saw the headline: Six die in a Florida nursing home in the wake of Hurricane Irma. They won’t be the last frail elders to die needlessly. Many frail seniors who were living on the edge are going to die in southeast Texas and Florida in the coming weeks.  We will probably never know how many because most will [...]

By |2018-02-14T12:43:53+00:00September 13th, 2017|Aging, Blog|0 Comments

Older Adults May Be Making Much More Money Than We Thought

Older adults in the US may be making nearly one-third more, on average, than commonly thought, according to an important new study by two US Census Bureau researchers. Their report, published last month, finds that the median household income for those 65 and older was about $44,400 in 2012, significantly higher than the $33,800 previously reported by Census. The implications [...]

By |2017-08-30T11:21:10+00:00August 30th, 2017|Aging|0 Comments

How The Lives Of Seniors In The US Match Up Against The Rest Of The World

Older adults in the US are better off, on average, than those in other countries, according to a new index developed by researchers at Columbia University and the University of Southern California. However, while US seniors do relatively well by quality of life measures such as social connections at work and across generations, they fall in the middle of the [...]

By |2017-08-16T13:49:00+00:00August 16th, 2017|Aging|0 Comments