Who will take care of an older population? - Yahoo! News
Who will take care of an older population? - Yahoo! News: "Americans are living longer and better than ever. The Census Bureau predicts the nation will have more than 1 million centenarians in 2050, up from 71,000 today.
That's the good news. Now the bad: The cost of health care and retirement benefits of an aging population threatens to bankrupt the nation unless dramatic changes are made.
The average American retires five years earlier than in 1950 and lives 12 years longer. This phenomenon - work less, collect more - has ripped a hole in the senior citizen safety net. The longer we live, the bigger the hole."