As the baby boomer generation, born between 1946 and 1964, enters the period of life when, statistically, most people need some form of care, experts say that more millennials — as well as Gen X and Gen Z The baby boomers are a huge generation. By 2030, the US will for the first time have more residents over 65 than children.Medicare doesn’t cover most long-term care, and seniors only become eligible for care through Medicaid when they have almost no assets left.Paying for professional care out of pocket can be ruinously expensive — the median annual cost of a full-time home health aide was nearly $60,000 in 2021, while a semi-private room in a nursing home ran $94,000 per year or more. Those costs are out of reach for most boomers, more than 40 percent of whom have no retirement savings.

image_printPrint this page.


0 0 votes
Rate This Post
Notify of
Inline Feedbacks
View all comments

Youth Voices is an open publishing and social networking platform for youth. The site is organized by teachers with support from the National Writing Project. Opinions expressed by writers are their own.  See more About Youth VoicesTerms of ServicePrivacy Policy.All work on Youth Voices is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License


Email Call or Text 917-612-3006

Missions on Youth Voices
Would love your thoughts, please comment.x

Log in with your credentials


Forgot your details?

Create Account