- In a decade, the number of older adults will outnumber kids for the first time in U.S. history.
- With that, we’ll see a surge in long-term healthcare needs, but costs will overwhelm most people..
- That’s why experts say people need to plan now before it’s too late and end up in financial ruin.
Have you had “the talk” with the older adults in your life?
No, not the one about the birds and the bees. The one about long-term health care plans.
If you haven’t gone there, you really need to or you’ll risk financial ruin and a poor end-of-life experience for a loved one, experts warn.
In a decade, older adults are projected to outnumber children for the first time in U.S. history, according to the Census Bureau. There will be 77 million people ages 65 and older in 2034, compared with 76.5 million under 18, it said. By