Much of what I’ve been writing about lately are the dire prospects for elder care when the oldest baby boomers begin reaching their late 80s within a decade. The challenges we will face are exacerbated by the physical design of our communities based on single-family homes scattered around the suburbs. This leads to the isolation…
Life expectancy and its swings over time receive significant attention from both academics and the public. Much less attention, however, is paid to the variation in lifespan around its average – the variance of longevity. However, it is precisely this unpredictability of age of death that makes lifetime income provided by Social Security and annuities…