Silver Book Fact

Around 13% of all household expenditures in households headed by people age 65 and older were on healthcare expenses, compared to 7% in households headed by people age 55-64.

Federal Interagency Forum on Aging-Related Statistics. Older Americans 2008: Key Indicators of Well-Being. Washington, D.C.: U.S. Government Printing Office; 2008. http://agingstats.gov/agingstatsdotnet/Main_Site/Data/2008_Documents/OA_2008.pdf

Reference

Title
Older Americans 2008: Key Indicators of Well-Being
Publisher
U.S. Government Printing Office
Publication Date
2008
Authors
Federal Interagency Forum on Aging-Related Statistics
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Older persons with a spouse and a child, and older persons living with others were most likely to rely entirely on informal care (about 62% for both groups).  
  • The national median rate for adult day health care (support services in a community-based, protective setting during any part of a day, but less than 24-hour care) in 2010 was…  
  • Public-sector spending on health care increased 7.7% in 2005, compared with 7.8% in 2004.  
  • Arthritis and other musculoskeletal conditions were the most frequently reported chronic conditions causing limitation of activity. Heart and circulatory conditions were the second leading cause of activity limitation.  
  • The national average annual cost for a private one-bedroom unit in an assisted living facility is $32,294.40 ($88.48/day). This is a 6.7% increase over 2005 rates. Note–these rates exclude one-time…