Musings

Mood: Thinking

The effect of the baby boomer aging is going to have a big effect
on the U.S.  economy.


I read a site called  www.safeseniorsystems.com which says that the number of seniors in the U.S is now  30 million and will be 60 million  by 2025.

This  means that there will be a million additional seniors every year.
 
Now seniors make up 10% of the population;  in 2025 they will then make up  around 19%.

Who will care of them?

This will have significant impact on the care of these people.

Why not look at the site and tell me what you think.

How will you look after your parents?

If you are a older person how would you like to live when you get older?


On a related topic, there is talk that General Motors may go bankrupt because of the cost of retirement benefits,  especially health care.
I saw the figure of $4 billion per year in healthcare benefits paid to 1 million retirees.  This is a lot of money.

The cost of health care for each vehicle built is about $1500; the direct labor cost per car

is under $500.  This is a significant problem if you want to keep building vehicles in the U.S.

But that is the size of the cost of the healthcare industry in the US;  $1400 billion in 2004.  Over $4000 per person per year.
Can this about continue to rise or will we have to come up with
better ways to stay well?