Part 6/13:
One of the most significant concerns about the aging boomer population is healthcare. Today’s medical advancements mean boomers live longer, healthier lives—far from the image of frail elders with canes. Yet this longevity comes with increased demand for healthcare services, including in-home assistance, nursing homes, and assisted living.
This surge in healthcare needs is expected to strain the U.S. system financially, as Social Security and Medicare—created during the New Deal era—face unprecedented pressure with millions of boomers qualifying for benefits. The influx of new beneficiaries will likely lead to higher taxes and insurance premiums, affecting the economy and future generations.