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Baby Boomers Join Their Parents as Seniors posted Aug 30, 2009

There are more than 39 million Americans aged 60 and older as of the 2000 Census report. Right behind them are 79 million baby-boomers born in the years ranging from 1946 until 1964. It will not be long before the youngest of that brood will also be senior citizens. That time period is now less than 20 years.

There will be a deficit of payers for the care we will all need. That type of scenario is what we are looking at when the 39 million seniors of today and the 79 million baby-boomers merge into 138 million seniors of tomorrow. Of course we will lose several million seniors along the way due to natural causes, so we can plan for maybe 120 million people. In these next few decades, the Alzheimer's Association expects that the number of diagnosed cases will expand from 4 million to 16 million people. That 16 million people could cost society around $480 billion per year at $30,000 each for medical and supervisory care at a business site that can watch them.

We have private insurers staying away in droves to provide the medical and supervisory care for the Alzheimer's patients. We have the Federal government to rely upon to take care of us when we turn 65, so there is no need to require them to expand to over 65 citizens. There is no need to burden those caring insurance companies with people who will need long term care that will ultimately end with the patient passing away.

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Posted: Damsel inDistress Date:9/1/2009
Comment: There is no question but what you are absolutely right. The problem lies in the fact that people under the age of, say, 60 do not believe they are ever going to become 70-80-90 years olds. It's pathetic, and I do not know how to help them see the light. Perhaps it's just human nature to deny Father Time until he hits them smack in the face.