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Enter the old

By Times staff writer

© St. Petersburg Times, published March 4, 2001

During the past 1,000 years, our life expectancy has climbed from an average of 25 to 47 at the turn of the 20th century and skyrocketed to 76 today.

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During the 20th century, the number of Americans who are 65-plus has increased 11-fold, from 3-million to 33-million. According to the U.S. Census Bureau, by 2035 some 70-million people, of whom 60-million will be elder boomers, will be age 65 and older.

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Today's 50-plus men and women control 80 percent of all the money in U.S. savings-and-loan institutions and represent $66 of every $100 invested in the stock market. They control more than $7-trillion in wealth, 70 percent of the total. They own 77 percent of all financial assets.

- from Age Power by Ken Dychtwald

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