Longer lifespans are a modern miracle; and an economic dilemma. In a few short years, the first baby boomer turns 80 years old, and by 2030 all boomers will be over 65. Many rely on dwindling retirement savings that barely cover the costs of their daily care. Even fewer of us will be able to pay the estimated $50k-$100k+ in annual expenses for help around the house and basic activities like showering, taking medicine, preparing meals, and getting to doctor’s appointments. When kids step in to help, they often leave the workforce mid-career to become unpaid family caregivers, kicking off a cascading financial impact to their own wealth horizons. With only 7% of Americans covered by long-term care insurance, how can we afford to grow old?
Join us for a provocative conversation on the emerging crisis in eldercare financing; We’ll explore wide-open opportunities for fintech entrepreneurs, advisors, policymakers and enterprises to creatively solve a universal need to fund the real costs of aging.