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Aging is a Women’s Issue
Women are Front Line of Silver Tsunami
The average 80 year old woman has enough savings and home equity to pay for ~3 years months of in-home care. She can pay for less than 2 years in a nursing home.
Her wealthy friend, in the top 25%, can pay for ~8 years of in-home care and ~5 years in a nursing home.
Widowhood and disability — not aging per se — drive economic hardship:
– Of all elderly people living in poverty, 70% are women.
– Of all elderly people who are disabled are living beyond their means [“overextended”], 2/3 are women.
Read this report from the United States Treasury.[/vc_column_text][us_single_image image=”1514″ size=”full” link=”url:https%3A%2F%2Fwww.treasury.gov%2Fresource-center%2Feconomic-policy%2FDocuments%2FThe%2520Economic%2520Security%2520of%2520American%2520Households-The%2520Economic%2520Security%2520of%2520Older%2520Women.pdf||target:%20_blank|” onclick=”custom_link”][vc_column_text]
Technology spending in senior living
In 2016, ~12% of the capital budget was spent on technology. For the coming year, 2017, CFOs ranked their top technology investments as:
- Upgrades and ongoing investment in communications infrastructure
- Electronic health records
- Point of care documentation
- Internet and social media access
- Patient-activated emergency call & response
- Care coordination tools
- “Brain training” & stimulation
Benchmark your capital budget with the Ziegler CFO Survey on 2016 and 2017e spending.[/vc_column_text][us_single_image image=”1516″ size=”full”][/vc_column][/vc_row]