How Baby Boomers Will Impact Health Care
... & Oyster Digging License · Free Passes to State Parks & Historic Sites · Golden Age Pass to National Parks and · Historic Sites ($10.00 Lifetime Permit) At 65 For: · Annual Flu Shots · Full Social Security Benefits Railroad Retirement Benefits *Supplemental Security Benefits (SSI) Medicare Coverage · Medicaid · Pharmaceutical Assistance Program (PAAD) · Lifeline Credit Program · Community Care Program for Elderly & Disabled · New Jersey Care Program · Home Care Expansion Program · Veteran's Pension · $250 Reduction on Property Taxes for Homeowners · Burlington County Dental Program Senior-Dent · Hearing Aid Assistance (HAAD) Reduced Fishing License At 70 For: · No Pay-Backs to Social Security for Earned Income · Free Fishing License · Elderly Services/Case Management Proportion of society that are seniors In 2000, 35.0 million people 65 years of age and over were counted in the United States. This proportion of society represents a 12.0-percent increase since 1990, when 31.2 million older people were counted. Although the number of people 65 years and over increased between 1990 and 2000, their proportion of the total population dropped from 12.6 percent in 1990 to 12.4 percent in 2000. However as we approach the period of the baby boomers studies have shown a great increased spike/shift in the proportion of the elderly population. Shifts in population age structure generally result in new service demands and economic requirements. With an increasingly older age structure comes change in the relative number of people who can provide support to those who need it. Distribution of seniors in the United States Total population, percent elderly, and percent oldest old: 1975 United States Total Population Percent of Population 65+ Percent of Population 80+ 80 + as a percent of 65 + 220,165, 10.5 2.1 20.4 Total population, percent elderly, and percent oldest old: 2000 United States Total Population Percent of Population 65+ Percent of Population 80+ 80 + as a percent of 65 + 275,553 12.6 3.3 26.5 Population by Age: 2000 All Ages 0-24 25-54 55-64 65-69 70-74 75-79 80-^ 275,553, 97,064, 119,662, 24,001, 9,436, 8,753, 7,422, 9,225, Economic contribution The rapid growth of elderly populations may put pressure on the nation’s financial resources. This concern is based, at least partially, on the assumption that the elderly do not contribute to the economy. However, many older people do work, and examining the labor force participation and characteristics of older workers gives a clearer picture of their contribution. The following information on older workers also is useful in planning economic development and the financing of retirement. Some characteristics of older workers appear to be quite consistent throughout the nation. In the United States the elderly account for a small proportion of the overall labor force. Their share of the total labor force ranges from less than 1 percent to 7 percent. A second commonality is that labor force participation declines as people near retirement age. A third is that participation rates are higher for older men than for older women. Time trend in labor force differs by gender. The trend across the nation has been for labor force participation rates for older men ...