• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Roots of Wealth

Roots of Wealth

Roots of Wealth Blog with Dan and Maureen Crimmins

  • Home
  • About
  • Events
  • Firm Website
  • Free Guide
  • Videos
  • (201) 785-7660
  • Email

Welcome to Roots of Wealth. A financial blog focusing on life, planning, and interesting information worthy of sharing with you.
Roots of Wealth is proudly managed by Crimmins Wealth Management Located in Ramsey, NJ.
Visit Our Website

Good News on the U.S. Cancer Front

February 19, 2020 by Dan Crimmins Leave a Comment

We have written several posts concerning the need to prepare for a much longer life than most of us are aware.  Looking to the age that our parents were when they died, or our current ages does not help predict the longevity that we will likely have.

More evidence of this fact was recently delivered concerning death rates from several forms of cancer in the United States.  The latest report from the American Cancer Society highlighted the good news.

sunsets photoCancer death rates continued to drop for many different cancers.  This trend has been occurring for the last quarter century, but the largest drop in cancer death rate ever recorded occurred from 2016 to 2017.  This year saw a reduction of 2.2%.  2017 is the last year of analyzed data, but the trends look to be continuing.

The main reason for the decline according to the scientists was a reduction in lung cancer as smoking continues to decline.  However, there was also a decline in melanoma.  This particular skin cancer decrease makes this “fair skinned” person happy to hear.

However, the overall decrease of many cancers continues to be abated by earlier deduction and better treatment.  More research continues including using the patient’s own immune system in the fight, known as immunotherapies.

For men and women, the statistic used to measure the better results is how many cancer deaths were there per every 100,000 people.  For men, the lung cancer decline has been staggering.  In 2000, 77 men died from lung per 100k people and by 2017, the number had declined to 45.  For women, the decline from that time period was 41 deaths declining to 31 per 100k people.

Have A Wealth Management Question? Click Here To Ask Dan

The declines of breast cancer deaths in women and prostate deaths in men also declined.

Unfortunately, cancer still remains the second-leading cause of U.S. deaths.  Heart disease continues to hold the number one spot.

One area that will continue to see improvement for cancer and heart disease is on the pharmaceutical front.  Large international pharmaceutical companies continue to spend tens of billions on research and development seeking to develop new life savings drugs and therapies.

The size of this industry is impressive.  World-wide, the global cancer drug markets is estimated to be $123 billion and continues to be one of the fastest growing.  Even small bio-technologies companies are attempting to find the next break-thru drugs.

Large companies like Roche Holding AG and Bristol-Myers Squibb Co. (BMS) were highlighted in the report.  F. Hoffmann-La Roche AG is a Swiss multinational healthcare company that operates worldwide under two divisions: Pharmaceuticals and Diagnostics.  BMS had approximately $57 billion in revenue in 2018, and is the second-largest pharmaceutical company worldwide.

Bristol-Myers Squibb Co. is an American global biopharmaceutical company based in New York.  The company has approximately 23,000 global employees and had approximately $23 billion in revenues in 2018.

The cancer report highlighted each of these companies.  Roche for their Zelborah drug that target the molecular roots of tumors in the fight against melanoma, and therapies like Yervoy from BMS which enlist a patient’s own immune system in the fight.

With the continued honing of computer power and AI (artificial intelligence), we are should expect not to only live longer lives, but to live longer as healthy seniors.

Make sure that you do not outlive your money with this continuing positive longevity trend.

Hope you have a great week!

If you know of anyone that you think would appreciate this email, please don’t hesitate to forward it on.

Dan Crimmins
Dan Crimmins

Share this:

  • LinkedIn
  • Twitter
  • Buffer
  • Email
  • Print
The foregoing content reflects the opinions of Crimmins Wealth Management and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.

About Dan Crimmins

Dan Crimmins, co-founder of Crimmins Wealth Management, is a financial coach and fee only financial planner. Have a financial question? ASK DAN

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Join Our Newsletter
Top Financial Advisor Blogs And Bloggers – Rankings From Nerd’s Eye View | Kitces.com

Topics

Footer

1000D Lake Street
Ramsey, NJ 07446

Phone: (201) 785- 7660
Email: dan@crimminswm.com
or maureen@crimminswm.com

  • Home
  • About
  • Events
  • Firm Website
  • Free Guide
  • Videos
  • (201) 785-7660
  • Email

Important Consumer Disclosure from Crimmins Wealth Management

Copyright © 2022 Roots of Wealth | Site Design by 3200 Creative

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.