The demand for caregivers will continue to grow as the American population continues to age. Baby boomers have been entering their senior years at a time when medical advances have extended lifespans. The expanding population of older adults who are coping with chronic disabling conditions has increased demand for certified nursing assistants in assisted-living facilities […]
Many older adults depend on Social Security retirement benefits as their primary source of income. About 1 in 7 Americans over the age of 65 receive 90% of their income from Social Security. Maximizing Social Security retirements benefits can help retirees live a more comfortable lifestyle. Here are three strategies that older adults can follow […]
Long-term care can be critical to the health and emotional well-being of older adults. The adult children of aging parents are often called upon to provide that care, but they do so at a cost to their own quality of life. Family caregivers who work long hours without compensation may be sacrificing careers, incurring expenses, […]
The last White House Conference on Aging was held in 2015. It commemorated the 80th anniversary of Social Security and the 50th anniversary of Medicare, Medicaid, and the Older Americans Act. Those landmark laws have improved the lives of countless older Americans. At the time the Conference was held, the Older Americans Act (OAA) was […]
Baby boomers — people born between 1946 and 1964 — were once America’s largest generation. Boomers held that demographic status until 2019, when Millennials became the largest living generation. By 2029, all baby boomers will have reached the traditional retirement age of 65. Many boomers have already retired. Many other have reached retirement age but […]
Older adults have been a frequent target of fraudulent investment schemes. The FBI reports a 74% increase in losses suffered by older fraud victims since 2020. In 2021, more than 92,000 older victims were swindled by financial scams. They lost at least $1.7 billion. Since many seniors never report their losses, the financial impact of […]
Most older Americans receive Social Security and participate in Medicare. Those programs help people meet their financial needs while assuring that they receive affordable healthcare. Yet those programs, combined with private retirement plans, are not always sufficient. The Census Bureau reports that, prior to the pandemic, one in six seniors relied on a needs-based assistance […]
Updated May 2025 To avoid late enrollment penalties, seniors who are eligible for Medicare usually sign up at their earliest opportunity. Seniors rarely have a reason not to enroll. Retirees earned Medicare’s hospitalization benefits by paying FICA taxes during their working lives. They are not required to pay a monthly premium to receive those benefits. […]
Rising inflation is squeezing the budgets of seniors with a fixed income. While seniors search for strategies to cope with inflation, there is little they can do about healthcare costs. Prescription drugs are a necessity many seniors can’t live without. Unfortunately, the price of many prescription drugs is rising faster than inflation. A recent analysis […]