Filed Under:Health Insurance, Ltci

Why should LTC needs forecasters hate these 5 states?

Mysterious numbers

The size of the
The size of the "oldest old" population is smaller than demographers were predicting it would be.

Even the components of long-term care (LTC) planning that ought to be easy to predict can be surprisingly difficult to pin down.

Everyone who has ever taken an introductory economics class knows that trying to predict where interest rates will go is a game for people who are comfortable with being wrong most of the time.

Demographers consistently predicted that the United States would end up with more oldest old people than it actually had.

In 1996, for example, Census Bureau demographers used 1994 survey data to estimate that the United States was likely to have 5.969 million residents ages 85 and older in 2010, and that people in that age group would make up 2 percent of the population.

5. Alabama

 Alabama pier

 

4. New Mexico

 New Mexico flag

 

3. Florida

Florida palm trees

 

2. Louisiana

 Mardi Gras 

Total Population: 4,533,372.

1. Wyoming

 Wyoming

 

United States

 U.S. map

Total Population: 308,745,538.

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Nichole Morford

Nichole Morford
Managing Editor

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