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The Hidden Costs of Eldercare

  • CIC Boston - Lighthouse West, 20th floor 50 Milk Street Boston, MA 02109 (map)

The Hidden Costs of Eldercare: A call for innovation to help older adults who are outliving their money, which is likely to be most of us

Longer lifespans are a modern miracle; and an economic dilemma. In a few short years, the first baby boomer turns 80 years old, and by 2030 all boomers will be over 65.  Many rely on dwindling retirement savings that barely cover the costs of their daily care.  Even fewer of us will be able to pay the estimated $50k-$100k+ in annual expenses for help around the house and basic activities like showering, taking medicine, preparing meals, and getting to doctor’s appointments.  When kids step in to help, they often leave the workforce mid-career to become unpaid family caregivers, kicking off a cascading financial impact to their own wealth horizons.  With only 7% of Americans covered by long-term care insurance, how can we afford to grow old?   

Join us for a provocative conversation on the emerging crisis in eldercare financing; We’ll explore wide-open opportunities for fintech entrepreneurs, advisors, policymakers and enterprises to creatively solve a universal need to fund the real costs of aging. 

RSVP here!

Earlier Event: September 11
Changemaker Chats
Later Event: September 12
Venture Café Weekly Café Night