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5 th Annual Thomas Geriatric Health Symposium “Barriers to Community Participation” Idaho State University, October 19, 2012 Gerontologist, Certified Personal Trainer, Speaker, Author, Boomer Blogger on Healthy Living, Healthy Aging & Elder Care Keynote Speaker: Lorie Eber, JD

The Baby Boomers are Turning 65: How They Will Change Everything

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This is a keynote presentation I made at Idaho State University on October 19, 2012 at the 5th Annual Thomas Geriatric Health Symposium in Pocatello, Idaho. It was also streamed to the Meridian campus. I discuss demographics, how boomers will change the aging culture and the impact on Medicare and Social Security.

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  • 1. 5th AnnualThomas Geriatric Health Symposium Barriers to Community ParticipationIdaho State University, October 19, 2012Keynote Speaker: Lorie Eber,JDGerontologist, Certified Personal Trainer, Speaker,Author, Boomer Blogger on Healthy Living, Healthy Aging& Elder Care

2. THE BABY BOOMERSARE TURNING 65How They Will Change Everything 3. What Age is Old?GenerationAge NowAge Considered OldGreatest Generation88-9881Baby Boomers 48-6677Gen X32-4871Gen Y11-3162 4. How Do You Feel About Aging? 5. % of Population That is Aging 6. 100 Year-Old Bride: Video http://www.youtube.com/watch?v=qIyTVH_ldHY 7. WHAT IS YOUR AGING 1Q? 8. Whats Your Aging IQ?1. Families dont usually bother witholder relatives. True or False 9. Most Live in the Community 3.1% living in skilled nursing 2.5% live in assisted living 10. Whats Your Aging IQ?2. Most older people are depressed. True or False 11. Most Older People Are Happy Many studies show that older peopleare happier than younger people.Videohttp://www.youtube.com/watch?v=RI-l0tK8Ok0 12. Whats Your Aging IQ?3. People 65 and older take moremedications than younger people.True or False 13. Polypharmacy 13% of population is 65+, butaccounts for 33% of prescription drugusage Average 75 year-old takes 5prescription meds 90% of Medicare recipients takeprescription meds 14. AGEISM 15. Society is Ageist What is ageism?prejudice or discrimination against aparticular age-group, especially theelderlyAre you guilty?15 16. Examples of Ageism Media Portrayals Employment Discrimination Negative Attitudes Making elderly invisible 17. React 18. React 19. This is how older people see themselves 20. Famous Faces 23 21. Famous Faces 24 22. 2010 Census BureauSpecialPopulationsChanges from 2000-2010DEMOGRAPHICS 23. Fast Facts on 65+ More people 65+ than in any previouscensus 65+ is increasing at faster rate andbecoming a higher percentage of totalpopulation Men are catching up with women 24. 65+ is Growing Faster Than Total PopulationPopulation Increase from 2000-2010 % Change from 2000-Group 2010 65+35 to 40.3 million +15.1%Total 281.4 to 308.7 million +9.7%Population 25. 65+ is Larger % of TotalPopulationYearNumber% of Total Population200035 million 12.4%2010 40.3 million13.0% 26. 65+ Population 27. % Change in 65+ Age Groups 28. Men are Catching Up2000 to 2010 Percentage of men 65+ grew by20.5% Percentage of women 65+ grew by11.3% 29. 2008 Census BureauProjections 30. 72 millionbaby boomers (1946-1964)Woodstock 31. Impact of Aging Boomers One in five US residents will be age65 or older in 2030 32. Changing Pyramid 33. Increasing Diversityof the Aging Population US is becoming more racially and ethnicallydiverse The current MINORITY population(everyone other than non-Hispanic whites)will become the MAJORITY by 2042 34. Diversity of Aging Population(65+) (shown as %of US population) 30 25 20 15 105 20100 2050 35. CULTURAL IMPACT 36. How Are Boomers Changing Aging? Video of Lissa Rinna advertisingDepends http://www.youtube.com/watch?v=KfqwmTQO6LY 37. Driving Kids Cars Honda Element Toyota Matrix Pontiac Vibe Dodge Neon 38. A New Message 39. A New Slogan 40. A New Look 41. What Boomers Wont Do Move to The Villages and golf theirlives away Go to the Senior Center for lunch orbingo Watch TV all day 42. What Boomers Might Do Live in multi-generational households Move to city centers and urbanvillages Make health and wellness a priority Delay retirement Travel and volunteer 43. SOCIAL IMPACT 44. Inter-Generational Tension Medicare Social Security Keeping younger people out of theworkplace 45. How We Need to Learn to Say No to the Elderlyhttp://www.thedailybeast.com/newsweek/2012/06/24/david-frum-on-how-we-need-to-learn-to-say-no-to-the-elderly.html 46. Say No to the Elderly6/24/10 The Daily Beast by David Frum Theyre the worst driversand weretoo scared to tell them so. If we dontpush back, theyll steal our benefitsand bankrupt the county. 47. http://nationaljournal.com/features/restoration-calls/my-father-the-parasite-20121004?page=1 48. Leeches10/6/12 National Journal by JimTankersley Baby boomers took the economicequivalent of a king salmon from theirparents and, before they passed iton, gobbled up everything but thebones. 49. Brief History of Medicare Established in 1965 Medical coverage for 65+ 1972: expanded to cover disabled 2003: prescription drug coverage 2010: new health care law bringsuncertainty 50. Brief History of SocialSecurity Established in 1935 becausedepression had wiped out savings Age 65 chosen because it was normalretirement age Funded by a tax on wages; 10 years 96% of all workers are covered Expansions: disability, cost-of-livingincreases 51. Changes to Social Security 1977: benefit computationchange, reduced benefits paid 1983: gradual increase in eligibilityage from 65 to 67 years old 52. Why Shortfall in SocialSecurity? Not because life expectancy for thoseaged 65 has increased significantly One Factor: Baby boomers are atentitlement age Biggest Factor: proportion of thosepaying in versus beneficiaries claimingpayments 53. Proportion of Workers Payinginto SS versus Beneficiaries YearWorkers Paying In: Beneficiaries 1940 159:1 1945 42:1 19558:1 19605:1 1975-2009 3:1 2010 2.9:1 54. Still a Safety Net Social Security provided at least halfthe income for 65% of the agedbeneficiaries in 2010 55. Percentage of Federal Budget Social Security & Medicare = 36% 56. Projections of EntitlementSpending 57. Projected Deficits 58. Social Security: DirePredictions By 2023 incoming resources and trustfund resources will be insufficient topay full benefits By 2036 trust fund may be exhausted 59. Somethings Gotta Give How can we solve this problem? 60. Proposed Solutions Raising eligibility age Cutting benefits Raising payroll taxes privatizing Social Security Imposing a means test 61. The Baby Boomers Will Change Everything!