Posted on: Sunday, December 12, 2004
Cost of golden years
Advertiser Staff
How much 47 percent of Hawai'i seniors 65 and older receive in annual income.
$84,000
Average annual cost for skilled nursing home care in Hawai'i.
49% Growth in Medicaid costs between fiscal 2000 and 2004, including coverage for the aged.
2018
When Social Security will start paying out more than it's getting in taxes and it has to draw on trust fund reserves.
2042
When the Social Security trust fund will be emptied and taxes collected will only be enough to pay 73 percent of benefits.
Source: U.S. 2000 Census; state Department of Human Services; state Department of Business, Economic Development and Tourism; U.S. Department of Health & Human Services
$15,000 or less
