Informative Research Essay Aging and Staying at Home

The aging baby boomers are quickly approaching retirement age and the issue of long term care after retirement becomes a problem that everyone has to face. With the baby boomer there is an increase in their wealth because their working longer. In the 1930’s there were a lot of illnesses and diseases that were not cured as of yet as they are now and the average life expectancy was only 58 for men and 62 for women. Heart disease was one of the major diseases that were a killer of people in the 1930’s and during this time penicillin had just emerged to heal the sick, but of course this would not help in the battle of heart disease. The advances in health care today are stronger than ever before and with more screening services and with†¦show more content†¦If a person has to choose a nursing home for their care it may cause a lot of strain emotionally and financially with elderly individuals and their families. With nursing homes there is already a short staff and they rely mainly on government funds such as Medicare and sometimes people have to use their retirement pensions that their residents have worked hard for. There are 16,100 nursing homes in the United States with 1.7 million beds to share that are filled with aging seniors at an 86 percent capacity. And averages out to at least 105 beds per nursing home and at nursing homes you always have to have a roommate of at least one other person. Since the residents are sharing a living space the area is usually very confined. This causes an issue because all of the belongings that the resident has obtained throughout their life will not be able to fit in their living space. This also causes a problem because there is neither privacy nor security for your valuables and some of the residents do not have the freedom to decorate their living space the way that they wish. And with the elderly this is the very last resort for them because first and for most they would have be very sickly before they would want to live there. The other alternative would be living at home with their children. And being a parent develops the question of letting your children run their own homes after years of telling them what toShow MoreRelatedDamodaran Book on Investment Valuation, 2nd Edition398423 Words   |  1594 Pagesfrom portfolio management to corporate finance. A philosophical basis for valuation It was Oscar Wilde who described a cynic as one who â€Å"knows the price of everything, but the value of nothing†. He could very well have been describing some equity research analysts and many investors, a surprising number of whom subscribe to the bigger fool theory of investing, which argues that the value of an asset is irrelevant as long as there is a bigger fool willing to buy the asset from them. While this