The wall — Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate: "The enemy is demographics. When the Boomers were swarming the universities there were seven workers for every wrinklie over 65. In another decade or so there’ll be just two workers contributing to the support of each geriatric hippie.
Worse, we’re living longer. In 1970 women could expect to achieve 76 years, and now it’s 83. Those extra seven years are the most expensive of your life. Over 90% of the health care consumed by a person is administered during the period. And with long life comes an epidemic of dementia, often requiring intensive care. I know. My father died in his eighties, had Alzheimer’s for five years, and required $8,000 a month in 24/7 assistance."
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Worse, we’re living longer. In 1970 women could expect to achieve 76 years, and now it’s 83. Those extra seven years are the most expensive of your life. Over 90% of the health care consumed by a person is administered during the period. And with long life comes an epidemic of dementia, often requiring intensive care. I know. My father died in his eighties, had Alzheimer’s for five years, and required $8,000 a month in 24/7 assistance."
'via Blog this'
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