July 2021: Stat Bank

Journal of Financial Planning: July 2021


20…Percent of the U.S. population will be 65 or older by 2030. (AARP)

38.2…Is the national median age in the U.S. (AARP)

55…Percent of adults aged 55–80 don’t know if their healthcare plan offers telehealth visits. (AARP)

10,000…Baby boomers turn 65 every day in the United States. (AARP)

45…Percent of adults aged 50–64 had little or no confidence in being able to afford their health insurance costs once they retired. (AARP)

24…Percent of adults aged 50–64 said they had little or no confidence in being able to figure out what was covered before they received a healthcare service. (AARP)

16.6…Percent of adults 65 or older are underbanked or unbanked. (AARP)

12…Million adults 65 or older live alone. (Forbes)

19.4…Percent of baby boomer women had no children, meaning no kids or grandkids to help support them. (Forbes)

50…Percent chance of a 10-year-old kid today living to be 104 years old. (Barron’s)

32…Percent of 401(k) participants don’t know how many years their retirement savings might last.  (Charles Schwab)

56…Percent of retirement income expected to come from sources other than a 401(k). (Charles Schwab)

80...Percent of older adults have at least one chronic condition. (U.S. Department of Health & Human Services)

General Financial Planning Principles