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80 is the New 60

By Richard Russell

 

At the age of 91 you don't have to think of the benefit of years of income ahead of you. You might live another year or so or even break your family record by living another 10 years. If you live longer than expected you have the safety of your children to keep you off the streets.

 

The average age of the entire US population is moving steadily higher. When I was younger, a person of 60 was considered quite old. Today, 80 is the new 60. It's going to take a much larger young population to sustain the economy. The coming field is geriatric medicine, as the waiting rooms for doctors grow ever more crowded.


The pressure is now on for higher minimum wages, with many states now pushing towards $15 an hour. Thus the middle class is doing better and the poverty class is being left further behind.

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