Planning for Life

Who Should Build a Wall? Mexican Life Expectancy to Equal that in the US by 2030

Posted by Anthony Bushu on May 17, 2017

By Harry S. Margolis

Healthy americans.jpgAccording to an article in The Lancet, average life expectancy at birth may reach 90 in South Korea by 2030, but not in the United States where life expectancy actually declined from 2014 to 2015, the first time that has occurred in more than two decades. While the decline, according to the National Center for Health Statistics was small, from 76.5 to 76.3 years for men and from 81.3 to 81.2 for women, it's one of many bad signs about health in the United States.

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Topics: growth of elderly population

To Live Really Long, Be Female and Japanese

Posted by Harry S. Margolis on June 28, 2016

By Harry S. Margolis

According to the website of the Gerontology Research Group, of the 50 oldest people living today, 48 are women and almost half -- 24 -- are Japanese. The United States comes in second with eight so-called supercentenarians -- people 110 or older -- of whom one was also born in Japan. The oldest American is currently Goldie Michelson, a Massachusetts resident born in Russia who will turn 114 on August 8th. She currently ranks 11th in the world. Number 12 is also American, Adele Dunlap of New Jersey who will be 114 on December 12th.

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Topics: growth of elderly population

See the US Population Age Before Your Eyes

Posted by Harry S. Margolis on May 10, 2016

By Harry S. Margolis

Check out the dynamic graph below that represents the US age distribution from 1933 to 2100. It starts as a narrow pyramid with a relatively even age distribution narrowing as it gets to older ages. Then it takes on an arrowhead shape as the dearth of births during the Depression begins to work its way up through the ages.

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Topics: growth of elderly population

Your Likely Need and Cost of Long-Term Care

Posted by Harry S. Margolis on December 22, 2015

By Harry S. Margolis

What are the chances that you will need long-term care, and what will it cost? These are huge questions in terms of retirement planning. Many older Americans can afford to live on their retirement income and savings as long as they don't have long-term care needs, but risk bankruptcy in the event they do need such care.

A recent Urban Institute study (with the wonky title "Microsimulation Analysis of Financing Options for Long-Term Services and Support") suggests some answers.

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Topics: long-term care planning, growth of elderly population, elder law

Three Decades of Elder Law: My, How It's Changed!

Posted by Harry S. Margolis on December 8, 2015

By Harry S. Margolis

attorneys_emily.jpg

 

Emily Starr, one of the pioneers of elder law in Massachusetts, and I have been asked to appear on a panel at the annual meeting of the Massachusetts chapter of the National Academy of Elder Law Attorneys (NAELA) this Thursday evening to discuss the history and prognosticate about the future of elder law in Massachusetts. Here are the major changes that I see:

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Topics: long-term care planning, growth of elderly population, MassHealth, elder law

6 Stories Tell the Unpredictability and Challenges of Aging

Posted by Harry S. Margolis on August 4, 2015

By Harry S. Margolis

John Leland, reporter for The New York Times has been following six elderly New Yorkers this year as they face the challenges of aging. In some ways, New York is an ideal place to get old since services are easy to come by -- for instance, groceries and restaurants deliver. But in others, we learn, New York creates its own difficulties. Let's meet the six older New Yorkers.

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Topics: long-term care planning, growth of elderly population, assisted living

Census Bureau Issues Revealing Report on Older Americans

Posted by Harry S. Margolis on April 14, 2015

By Harry S. Margolis

The U.S. Census Bureau has issued a report on the 65+ in the United States: 2014 that paints an interesting picture of the changing demographics of the nation as a whole and of older Americans in particular. Here are some of the highlights:

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Topics: growth of elderly population, long-term care planning

Massachusetts Population to Grow Slowly, But Age Fast

Posted by Harry S. Margolis on December 17, 2013

By Harry S. Margolis

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Topics: growth of elderly population

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