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Don’t Make Me Say I Told You So 195

term care, assisted living, or residence in a nursing home. In the
next 20 years, the number of people in this country age 65 and

should be 1
older will more than double, and these people will make up
5
approximately 20% of the U.S. population. These numbers will
put a tremendous burden on both private insurance companies
and government agencies that provide health coverage.

An Aging Population

80 Please replace this chart with chart #124 - An Aging
70 78 49.2 million people
Population. It's in our shared Dropbox folder.
60 in the U.S. are over the age of 65
Millions 50 49.2
40
30 78 million people
20 in the U.S. will be over the age of
10 65 in 2035
0
Source: U.S. Census Bureau, 2017

Most people don’t think that they will ever need long-term
care. Not many people can imagine themselves ending up in a

nursing home. The facts are, however, that many Americans will
end up needing long-term care or will live a portion of their lives

in a nursing home.

Chapter 5: Things That Can Wreck Your Retirement