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Health Care Costs for a Couple in Retirement in the U.S. Reach $300,000

Health Populi

To pay for health care expenses, the average nest-egg required for a couple retiring in the U.S. in 2021 will be $300,000 according to the 20th annual Fidelity Investments Retiree Health Care Cost Estimate. Health Populi’s Hot Points: The coronavirus pandemic had at least two major toxic side effects for patients in the U.S.:

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“The virus is the boss” — U.S. lives and livelihoods at the beginning of 2021

Health Populi

Goolsbee and Jason Furman, former Chair of Obama’s Council of Economic Advisers, tag-teamed the U.S. As Uwe Reinhardt, health economist guru , is whispering in my ear from his heavenly perch, “It’s the virus, stupid.” There are some important differences between men and women regarding health and wealth in 2021.

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Over the counter hearing aids – an absurdly long time in coming

Aging in Place Technology Watch

Consider the multi-year delay between the onset of hearing loss for individuals, especially men, and actually doing anything about it. If this were any other health innovation, it would have been matched to need years ago. category tags: hearables/hearing technology , hearing loss , baby boomers.

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Apple accidentally shines a light on its technology ageism

Aging in Place Technology Watch

And perhaps you have also turned on the Health app (somewhere) and entered your birthdate. I am sure they believe themselves to be age-agnostic, despite their oxymoronic growing focus on health (half of US health spending is for individuals age 55+ ). Translate: that would be men aged 65+. Still with me? Still with me?

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For older adults, consider that transitions are going to take longer

Aging in Place Technology Watch

With life expectancy for those aged 65+ now in the mid-to-late 80’s for women, mid-80’s for men, living to 90 and beyond is no longer unusual. The remainder will remain longer in their own homes, ‘aging in place’ and utilizing services like home care and home health care.

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Aging in Place – What goes around comes around again (and again)

Aging in Place Technology Watch

And the explosion of wearables to help us stay well – or at least be remotely monitored – see Health Populi and the 7WireVentures Market Map. And please note that the industries to help those ‘aging in place’ -- home care and home health care -- are overwhelmed with demand and worker shortages. These are just that, averages.

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To boost tech adoption, consider the benefit of a survey

Aging in Place Technology Watch

And yet, post Covid-19, so many government agencies, the White House , universities and for-profit companies want to boost that adoption to mitigate social isolation, boost access to telehealth, nutrition and even a basic, finding health information. At 65, both men and women can expect to live another 20 years on average.