HEALTHFORTUNE
CareScout CEO: the hidden economic cost of an aging baby Boomer generation
America is facing an invisible economic tax due to the lack of infrastructure supporting an aging population. The financial strain widens wealth disparities, forcing those with fewer resources to shoulder major caregiving burdens by sacrificing income and savings. Specialized care is extremely costly, with median costs for assisted living exceeding $74,000 annually.
Mentioned
Related Signal
Adjacent reporting
- Elder care costs threaten wealth transfer
- Healthcare costs associated with aging out of reach for many Americans
- The Cost of Growing Old in America
- As baby boomers turn 80, caregiving is the unexpected job more Americans face
- Care for seniors is sucking wealth out of families — especially in Ohio
- Costs put healthcare out of reach for many aging Americans