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Lloyd Boucher, EA, RICP®

Phone: 714.928.5109 

 

Email:lloyd@onefifth.financial

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Illness and Injury, Dangers to Current and Retirement Income

50% of all residential real estate foreclosures are due to medical debt

Too Often medical Debt = Bankruptcy + Foreclosure -- January 2012 -- Lawyers.com

 

2 out of 4 households filed for personal bankruptcy due to medical problems

Health Affairs - Medical Bankruptcy: Myth versus Fact-- Feb 2016

 

The unemployment rate is double for people with a medical disability

Bureau of Labor Statistics. Persons with Disability: Labor Force Characteristics Summary, June 21, 2016

 

1 out of 2 adults will have at least one chronic illness.

25% of those people will have one or more of their normal daily activities limited.

2008 Census Bureau

 

75% of all adults have a responsibility to provide financial assistance to an elderly parent who is in need

http://www.pewsocialtrends.org/2013/01/30/the-sandwich-generation/

 

41% of Americans struggle to pay medical bills and have outstanding medical debt.

National Center for Health Statistics, Financial Burden of Medical Care, January-June 2011

 

1 out-of 2 men & 1 out of 3 women will develop cancer in their lifetime.

American Heart Association, American Stroke Association; Heart disease and stroke statistics-2015

 

60% of people with cancer are 65 and older.

http://www.cancer.net/navigating-cancer-care/older-adults/aging-and-cancer

 

Strokes are a leading cause of disability; in the US, someone has a stroke every 4 seconds.

American Cancer Society, Lifetime Risk of Developing or Dying from Cancer, 2014

 

The average length of disability is 82-months (6-years and 10-months).

50% of disabled Americans are in their working years, 18-64.

65% of working Americans report they could not cover normal living expenses even for a year if their employment income was lost.

http://www.disabilitycanhappen.org/chances_disability/disability_stats.asp

Phone:

 714.928.5109

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Email:

lloyd@onefifth.financial