The New American Dream: Work Longer, Live Sicker, Die Sooner

With stagnant wages, rising cost of living (see shelter inflation), and a lack of savings, Americans are retiring later than ever before (if at all). But in a double-whammy for seniors, whose health is declining, their lifespans are shrinking offering them little if any time to enjoy the end of the American Dream walking hand in hand into the sunset on a faraway beach...

As Bloomberg reports, data released last week suggest Americans’ health is declining and millions of middle-age workers face the prospect of shorter, and less active, retirements than their parents enjoyed.

The New American Dream: Work Longer, Live Sicker, Die Sooner 20171104_retire1_0

The New American Dream: Work Longer, Live Sicker, Die Sooner 20171104_retire1_0

Here are the stats:

The U.S. age-adjusted mortality rate - a measure of the number of deaths per year - rose 1.2 percent from 2014 to 2015, according to the Society of Actuaries.

That’s the first year-over-year increase since 2005, and only the second rise greater than 1 percent since 1980.

At the same time that Americans’ life expectancy is stalling, public policy and career tracks mean millions of U.S. workers are waiting longer to call it quits.

Almost one in three Americans age 65 to 69 is still working, along with almost one in five in their early 70s.

And finally, Americans in their late 50s already have more serious health problems than people at the same ages did 10 to 15 years ago, according to the journal Health Affairs.

http://www.zerohedge.com/news/2017-11-04/new-american-dream-work-longer-live-sicker-die-sooner

'Thank' the statist.

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The New American Dream: Work Longer, Live Sicker, Die Sooner

The New American Dream: Work Longer, Live Sicker, Die Sooner

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