With one in five people expected to be at least age 65 by 2030 and one in eight aged 75 by 2040, the federal budget is likely to feel the squeeze. In FY 2013, the social security administration reported that social security and Medicare accounted for 41-percent of federal outlay. As the population ages, this percentage will swell. Add in the number of seniors that could be in desperate need of assistance with affordable housing and care and it could well be a disaster of titanic proportions if not planned for now.
June 30, 2017