Impact of Aging Populations Category
Impact of Aging Populations – Baby boomers represent a significant portion of the aging population. Older adults consume a significant portion of Medicare dollars. Medicare, Medicaid and Social security combined represent a significant portion of the U.S. national debt. What is the current and future impact of our aging population?
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We have the privilege of living in the United States, touting itself as one of the most educated countries in the world. Yet there are other countries like Afghanistan – that compares itself to the standards of the United States back in 1900. The average life expectancy today of a person born in Afghanistan is 46. Afghanistan is one of the least developed countries in the world, 70% of its population lives in poverty. Fifty seven percent of men and 80% of women in Afghanistan are illiterate, unable to read or write.
When my mother passed away and I started going through medical bills, monthly bills and the bank account I discovered something shocking. My mother never balanced the checkbook. This was a shock to me at the time because I was fanatical about balancing my checkbook to the penny each month. And not only that, I knew down to the penny what the money in my checking account was intended to pay each month.
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“God almighty, those poor people. Poor, poor, tragic people. And what a tragic ending to their outing, and I contributed to it, which is just almost more than I can figure out,” said George Russell Weller after his car stopped after veering out of control for nearly 1,000 feet leaving 10 people dead and more than 60 injured on July 16, 2003 in Santa Monica, California.1 He also reported that “something” smashed into his windshield and he had no idea what “it” was; “it” was the body of an innocent human bystander colliding with his car.
Low adult literacy results in poor care. The benefits of education in becoming self-reliant and educated about your health.
Unless you have spent considerable time with your parents and are aware of how they manage their finances and resources, it is possible you may end up contributing financially to their retirement and healthcare needs when parents age and become ill. This will significantly affect your retirement planning not to mention your time, family relationships and your career.
Interview with Dr. Steven Vaughn, Professor School of Journalism and Mass Communication, University of Wisconsin Madison
(podcast 11:48 playing time)
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No strings attached. How many times do we honestly offer support or assistance to another individual and expect nothing in return?