My best friend for over 55 years has just turned 65, a milestone I had already reached. On the same day that he turned 65 I also read the following statistic.
But, before you see the stat, I want to thank all of you whom I don’t know but are still “working” for being my “friends” as I am not sure you will be my friend much longer after reading this writing.
I read on an internet news story that every day for approximately the next 20 years 10,000 baby boomers will become eligible for Social Security and Medicare. That would be 70,000 a week, around 3.5 million potential new retirees a year with an average benefit of around $14000 per year. I tried to do the math but there were too many zeros and and anything with more than 6 zeros is too scary to contemplate.
I also found a site that states that each of those retirees will cost an average of $400,000 per retiree during their remaining life span for medicare .
Somethings gotta give. Selfishly, I’m quietly hoping it’s the people who are still working, at least until I’m gone.