Unlike most rich countries or advanced economies the US does not define healthcare, including long term care, as a universal social risk – despite the fact we all get sick, no one knows their health status tomorrow, approximately 85% of Medicare beneficiaries have at least one chronic condition and life expectancy at birth is approximately 79 years. Medicare does not provide long term care, Social Security replaces just 43% of the average workers’ wages and only approximately 40% of retirees receive income from some form of employer or personal retirement plan.
With me to discuss Prof. Ghilarducci’s book is her colleague Ms. Jessica Forden an economics Ph.D. candidate at the New School’s Schwartz Center for Economic Policy Analysis.
Information on Prof. Teresa Ghilarducci’s book is at: https://press.uchicago.edu/ucp/books/book/chicago/W/bo212888995.html.
The New School’s Schwartz Center for Economic Policy (SCEPA) research publications are at: https://www.economicpolicyresearch.org/research.
Jessica Forden’s LinkedIn page is at: https://www.linkedin.com/in/jessica-forden-88b265131/.
