Policy Implications for an Aging Population



On May 10, 2011, Volunteers of America convened its third-annual roundtable of experts at the National Press Club in Washington, D.C. to discuss the urgent issues facing older Americans today. This year’s discussion — Women and Aging 2011: Policy Implications for an Aging Population — focused specifically on the significance of aging women in the home, workplace and broader community, with an in-depth discussion on the public policy and other solutions needed to head off an impending crisis of the nation’s elderly. View an overview of the event or watch the entire hour long event now.
“The good news is that women are living longer,” said panelist Debra Ness, president of the National Partnership for Women & Families. “The bad news is that they also living poorer and sicker. They earn less, save less and are still the primary caregivers [for older family members].”

Volunteers of America National President Mike King shared with the audience and fellow panelists his experiences caring for his mother as she grew older, something he considered an honor rather than a burden. He added that it is critical to talk to aging family members about their needs and preferences before it’s too late.

“You can’t start the discussion on family care choices early enough,” King said.

Panelist Arianna Huffington, co-founder and editor-in-chief of The Huffington Post, drew a contrast between her native Greek heritage and American culture.

“There is something in [American] culture that does not respect and revere age,” she said. “We need to redefine what it is to take care of older family members so that task is not perceived as drudgery.”

Lorraine Cortés-Vázquez, executive vice president of multicultural markets and engagement for AARP, said she was personally surprised at how unprepared she is for the task of now caring for her own mother. “The biggest barriers are lack of knowledge and preparation,” she said.

Ms. Cortés-Vázquez said that challenges in caregiving for the elderly center on four areas: health issues; legal issues, including the need to make decisions about care well in advance; the need to prepare for aging at home rather than seeking institutional care; and the “myth” that Medicare will provide completely for one’s long-term care. She stressed that we must explore alternatives to Medicare such as long-term care insurance.

The May 10 roundtable, moderated by Medical journalist and best-selling author Dr. Bob Arnot, served as a launch for Volunteers of America’s new white paper — Boomer Bust 2011: Still Unprepared and Unaware — featuring new research that paints a disturbing picture of the financial realities faced by seniors and their caregivers. According to the white paper, women over age 60 make up a rapidly growing percentage of the people retired or facing retirement and comprise 80 percent of the caregivers for chronically ill or aging relatives.

With a projected 71.5 million people to be 65 or older by 2030, long-term costs continuing to rise and many Americans unprepared for and unaware of the those costs, the time is now to focus on changes necessary to ensure everyone receives the care they need as they grow older.

Ness also emphasized the need to prepare for aging while also stressing that existing public policy “has a long way to go” to help caregivers reach their own old age with adequate preparation.

“Take care of your own health, and learn about financial planning,” she said. “Understand how you want to be cared for and communicate that to your future caregivers.”