The U.S. population is aging faster than at any point in our history. Baby Boomers, (born between 1946-1964) are one of the largest generations ever born in the U.S and every day they are turning 65.
- There were 40 million Baby Boomers over the age of 65 in 2011.
- There will be 50 million over the age of 65 by 2019.
- The oldest old – those over the age of 85, numbered 3.5 million in 1994.
- That will double to 85 million by 2020.
The Baby Boomers are such a large demographic that their sheer numbers have single handedly changed every system they touched as they aged – from the educational system to the labor market. Now as they enter their senior years, Baby Boomers will once again change, and strain, the health, housing and cultural services required by an elderly population.
What will happen when million of older workers need protection in the workplace? Do we have enough caregivers for millions of aging men and women? Perhaps the most important question, are there adequate federal, state and local policies in place to curb elder abuse? These questions must be answered as we face decades of a population domineered by people over the age of 65.
A thought leadership piece exploring some of these issues was published by nextavenue. It’s a good overview and may provoke some thought on how each individual can take action to protect their senior loved ones.
The only generation to equal or surpass the Baby Boomers is the so-called “millennial” generation, born between 1981-1997. Millennials now number 75.4 million just surpassing the 74.9 million Baby Boomers.