HUEC 1000 Chapter : HUEC 8 31 12
Document Summary
Why are more elderly working: increasing demand for labor. Not as many younger people to fill the jobs: changes in social security benefits/rules. Full benefit age change from 65 to 67 in stages beginning in 2000: mandatory retirement ended. Age discrimination act of 1986: defined contribution (dc) plans began to replace defined benefit (db) plans. People control their retirement plans and this is an incentive to work longer: publicity on social security and widely reported bankruptcies of corporations with db plans. How solvent is it: rapid growth of health care costs. Reduction in health coverage for retirees: water supply less than . 08% of all the earth/s water is available to humans. Over the nect 20 years, our use is estimated to increase by 40% *inefficiency of the way we use water: adult oriented society. 27% of seniors live in a norc, naturally occurring retirement community: family, marriage and divorce. Ratio of marriage to divorce is 2 to 1.
