Tag: aging population
Every year for 24 years straight, the number of people receiving federal disability benefits increased, nearly tripling to around 9 million. In 2015, that trend suddenly reversed. The reversal is due both to more people exiting the program as the population ages and to fewer new people joining the rolls. The drivers behind this latter…
My colleagues just published a review of recent research on the impact of three risks that households face at older ages. These late-life risks include: 1) high out-of-pocket medical costs; 2) cognitive decline; and 3) widowhood. The takeaway from the research is that, so far, these risks have affected only a few households severely. In…
