ECONOMIC CHALLENGES

   Articles

How Old Is Too Old to Work?  Questions about the place of the elderly in American society have become especially pertinent in our current political moment. – NewYorker.com

The Hidden Retirement Crisis: Older Americans’ Debt  The median total consumer debt of households headed by someone 65 or older in 2016 ($31,300) was 2 ½ times what it was in 2001 and nearly 4 ½ times the level in 1989. Some 60% of 65+ households carried debt in 2016, up markedly from about 42% in 1992.NextAvenue.com

In historic first, G20 weighs ageing as global risk Ballooning healthcare costs, labour shortages and financial services for the elderly: for the first time, the world’s top policymakers are tackling economic issues relating to ageing and shrinking birthrates. G20 finance ministers and central bank chiefs meeting in Japan — where a rapidly ageing population is a major domestic problem — have been warned to address the issue before it is too late.- france24.com

Middle-Income Seniors Won’t Have Money for Seniors Housing by 2029, Says NIC Report In just 10 years, 54 percent of middle-income seniors will be unable to pay the yearly costs of $60,000 for assisted living rent and other costs, even if they committed 100 percent of their annual financial resources, according to a report released this morning by the National Investment Center for Seniors Housing & Care (NIC).- SeniorsHousingBusiness.com