The rapid advancement of technology is having huge effects across industries, and the healthcare industry is not exempt. According to the 17th annual Global CEO Survey conducted by PricewaterhouseCoopers, more than four-fifths of global healthcare CEOs believe the aging population and technology in healthcare will transform the sector.
As the aging population continues to explode across the United States, more families are facing tough decisions regarding long term care. One question that has a large bearing on the issue arises time and time again: just how much, if anything, do we owe our parents?
What Do Boomers Owe Their Parents?
A recent article focuses on this question of what Boomers owe their parents.
New data says that long term care residents who qualify for Medicaid but not Medicare accrue the most expenses for their state’s program.
The US Government Accountability Office released a report detailing the expenditures of Medicaid beneficiaries based in their form of payment.
As more and more Boomers delay retirement for a lack of savings, some are taking a risky plunge and putting all their savings into a new venture: starting their own business.
Leaving Jobs Behind
A recent story in USA Today covered the journey of these Boomers, who decided retiring just didn’t sound too appealing and opted for more of a challenge, instead.
As Americans continue to deal with a lagging economy, the presence of debt seems to only be increasing. The majority of people who contribute to retirement plans have accumulated more debt than retirement savings in recent years, according to a new report.
A study conducted by Hello Wallet evaluated the financial standings of older adults between the ages of 50 and 65.
As the presence of long term care continues to increase across the country, more people are looking into the details of long term care and the direction the industry is moving. Though nursing homes were once the dominating care setting, recent data revealed that is no longer the case. The majority of long term care claims paid to policyholders are for home care, according to this new data.
Long term care providers faced the highest level of underfunding last year, according to a new report.
Long Term Care Provider Report
The nation’s largest long-term care provider association American Health Care Association/National Center for Assisted Living released a report which details the long term care costs incurred across the country and those that were reimbursed by Medicaid.
“Confidence is key”, we so often hear, whether it’s in terms of a relationship, job, or just day-to-day life. But can too much confidence ever be a bad thing? According to a new study, the answer is yes. Being overconfident in your financial ability might be more detrimental than helpful when it comes to planning for retirement.
An interesting article appeared in the Wall Street Journal earlier this month that discussed the current state of Medicaid across the nation.
The struggling economy and job market has left some Boomers without a job but still in need of income. With lengthening life expectancies and high health care costs, retirement at 55 just isn’t an option for most people. Many Baby Boomers are turning to startups as a new way to make money and keep themselves occupied.