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Wednesday, September 22, 2010

"When I'm 64" - How Aging U.S. Baby Boomers Have Begun to Carry That Weight

According to a recently released report by the Rand Institute, When I'm 64, the past decade has seen a market increase in the number of people past age 65 who remain in the workforce. The report analyzes some reasons for this trend and considers the implications on Social Security and other social programs. One significant outgrowth of the continued attachment to the workforce may be delayed cognitive decline -- a trend noticed in research from thirteen countries.

However, the report also discusses a significant increase in disability among Americans aged 50 to 64. According to the report, 42 percent of Americans in this age range report having difficulty with at least one of nine common physical functions, such as walking a quarter mile, climbing ten steps without resting, or a combination of bending, stooping, and kneeling. By contrast, there appears to be a decline among Americans aged 65 and over.

We think this information will be interesting and helpful to all CSAs.

Click here to download a copy of this report.

Blog posting provided by Frank Vidin, CFP(R), CSA
Faculty, Society of Certified Senior Advisors