The aging population of Baby Boomers have been forced to confront a myriad of both medical and financial issues in planning for the last decades of their life. Perhaps one of the most striking planning obstacles is the issue of aging alone. These individuals are referred to by various names: “elder orphan,” “senior orphan” or “solo ager.” Regardless of the moniker, these terms all describe someone without a spouse or life partner (widow or widower) or children (none living) on whom they can depend. The question is: How will health, financial and other life decisions be made for these solos when they’re unable to make them for themselves?
Silver Tsunami
Economists and demographers coined the term “silver tsunami” to describe the drastic shi...
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