The problem, in a nutshell, is that there will be far more demand than supply of healthcare in the future. This means that healthcare costs will increase, and we'll need to adapt.
In the United States, about 10,000 people turn 65 each day, and one in five Americans will be 65 or older by 2030. Globally, the number of people age 60 and over is projected to leap from about 900 million in 2015 to 2 billion by 2050, according to the World Health Organization.
Between 2000 and 2050, the 80-and-older cohort will almost quadruple, and those 65 and over will outnumber children under the age of 14. It should be noted that many experts see these demographic predictions as too modest. In the wake of the decoding of the human genome, even longer lives and larger aging populations may be just ahead.
Increasing longevity has contributed to unprecedented global economic growth and wonderful opportunities for personal fulfillment. This gift of more years, due to advances in science, sanitation and safety, may be the most momentous accomplishment in human history. But, as remark able as this progress has been, there is more change to come.
The way we care for seniors today cannot scale to meet the looming age wave, and before long we'lll face a fullblown national crisis. We have an obligation to our parents indeed to the next generation of seniors to ensure they get the best possible care and that they receive it in a place they want to call home.
What is aging in place? Aging in place is a term used to describe a senior living in the residence of their choice as they age, while being able to have any services (or other support) they might need over time as their needs change, for as long as they are able. Aging in Place as "the ability to live in one's own home and community safely, independently, and comfortably, regardless of age, income, or ability level.
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