¢ The average American aged 65 or older makes 8 visits per year to a doctor, a hospital and/or an emergency room, i.e., once every 1 ½ months (source: Center for Disease Control).
¢ 1% of the US population accounts for 21.8% of all health care expenditures. 5% of the population accounts for 49.5% of all health care expenditures. 15% of the population accounts for no health care expenditures (source: National Institute for Health Care Management).
¢ 50% of the US population accounts for just 2.9% of all health care expenditures (source: National Institute for Health Care Management).
¢ Americans born in 1946 or later will have to work at least until age 66 (to as much as age 67 for individuals born in 1960 or later) to achieve full retirement benefits from Social Security. Once that retiree hits his/her unique full retirement age, postponing receipt of the retirement benefits will increase the payout by +8% per year (source: Social Security Administration).
¢ 62% of American adults believe the greatest risk to the success of their retirement years is living too long (source: MetLife Mature Market Institute).
¢ 70% of retirees surveyed in 2007 (i.e., 5 years ago) were "very" or "somewhat" confident that they would have a "comfortable" retirement. Only 52% of retirees feel that way in 2012 (source: Employee Benefit Research Institute Retirement Survey).
¢ The life expectancy at birth of an average American was 62.9 years in 1940, 5 years after Social Security was created in 1935. Life expectancy is 78.7 years today (source: Center for Disease Control).
¢ 25% of American families headed by a retired person do not pay off their outstanding credit card balance each month. 46% of families headed by an individual that works as an employee of a firm (i.e., not a business-owner) do not pay off their outstanding credit card balance each month (source: Federal Reserve).
¢ 51% of over 1,500 American households surveyed in May 2012 believe they are "behind" in their accumulation of retirement savings (source: Consumer Federal of America).
¢ 2 out of every 5 American males that live to age 65 will survive at least another 20 years to age 85 (source: Social Security).
¢ The average single-family home nationwide peaked in value on 6/30/07 but has dropped by 17% from that maximum value as of 6/30/12 (source: Office of Federal Housing Enterprise Oversight).
¢ An estimated 7,600 Americans will turn 65 years old each day this year (2012). An estimated 11,400 Americans will turn 65 years old each day by the year 2029 (source: Government Accountability Office).
¢ A present value (PV) amount of $196,000 is required to fund a $1,000 per month payment for 20 years with a 3% annual increase for maintenance of purchasing power assuming a +5% annual rate of return is maintained into the future. The PV amount is $269,000 if the required payment period is 30 years. The calculations ignore the impact of taxes and are for illustrative purposes only and are not intended to reflect any specific investment alternative (source: BTN Research).
¢ If the fifth bullet is recalculated using a +6% assumed rate of return (+1% increase), only $179,000 is required to fund the 20-year payout and $237,000 is required for a 30-year payout (source: BTN Research).
¢ Social Security benefits were not subject to any federal income taxation until 1984. Depending upon your adjusted gross income, as much as 85% of your social security benefits could be federally taxable today. The first social security benefit checks were paid in 1937 (source: Social Security).
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