Boomer Bust 2011, Unprepared & Unaware: "This year, America’s baby boomers – 78 million people in all – begin turning 65 and this growing demographic wave threatens to cripple our financial and health care systems and significantly burden future generations.
To better understand the implications of this looming crisis, Volunteers of America commissioned a nationwide survey with Lake Research and American Viewpoint into how the elderly and their caregivers are faring during the economic downturn. The survey found that the majority of Americans significantly underestimate the amount of savings they will need to finance their future long-term care needs, and that caregivers are sacrificing their own financial futures to help care for older loved ones."
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