The Graying of our Population
A country is considered to be graying when the average age of its citizens rises to the point at which the majority of the population is considered to be "older". The largest generation of Americans were born between 1946 and 1964. The people that were born during the 18 year period are referred to as Baby Boomers. As of 2012, Baby Boomers made up nearly 25% of the total U.S. population of approximately 315,000,000 (CNN, 2014). The U.S. faces a huge challenge as the number of Baby Boomers reaching retirement age will double by 2030. According to the Eldercare Workforce Alliance [EWA] (2014), the first Baby Boomers turned 65 years old in 2011 and by 2029, all Baby Boomers will be at least 65. The group, totaling nearly 70 million people, will have an enormous impact on the U.S. health care system. The aging population will create many new obstacles for the healthcare industry because as people age they are more likely to develop illness and disease. According to the EWA, nearly 65% of all people 65 and over and 60% of people between 50 and 64 have at least one chronic illness. The healthcare workforce is not nearly large enough to treat the number of patients that will require medical attention. Health professionals will be in high demand because it is estimated that over 3,000,000 additional medical workers will be needed to meet the needs of the aging population. Diseases that are associated with aging are very expensive to treat
Emerging Old (pg. 4, 11): The age population of Americans that are 65 years and older. They are commonly known as the Baby Boomers, and born between the years following the Second World War and 1964. They made somewhere between 76 and 77 million people in the United States.
John F. Kennedy once said, “Change is the law of life. And those who look only to the past or present are certain to miss the future.” America has always had its challenges when facing economic issues; however, the government has the tendency to avoid the reality of what approaches in the future. There have been several attempts of reform for these types of economic problems. Nevertheless, most have not been successful, and time is running out. One of those issues is the graying of America. What is the graying of America? It is the demographic trend consisting of all the baby boomers that are aging and getting closer to retirement. Even though it does not seem like an area of concern, there are many
In Conclusion, the age of population is one of the challenges the United States faces. In this paper it was discussed how the demographics may have an impact on the health care market, how changes will affect health care such as increase in health care cost and increase in prescription drug cost. The ageing process will not stop therefore the population will continue to increase in the next
The rapid growth in the number of seniors in America and around the world is creating a global demographic revolution without precedent. During this century, advances in hygiene and water supply and control of infectious diseases have reduced the risk of premature death much. As a result, the proportion of population over 60 years in the world is growing faster than in any previous era. In 1950 there were approximately 200 million people aged over 60 worldwide. By 2000 there will be over 550 million, and by 2025, the number of people over 60 is expected to reach 1,200 million.
Baby boomers are adults born in 1946-1964, and the largest demographic in America with around 76 million. They are the children born to parents who served in WWII. After WWII the increase in wages spurred the belief that they could afford many children. When in reality they could at the time, but not for long. Now, many boomers will be lower class because of mortgage debt and health care costs. Boomers are reaching their retirement age soon meaning they will depend heavily on the government
The baby boomers are growing older and developing issue’s because of their age, their is more of a demand for health care workers. Their is a high demand for trained professionals in every area of health care because of the baby
It is widely believed that the aging of the U.S. population is a major driver of the annual growth in the demand for health care and in national health spending
In the future, there could be a shortage of Geriatricians and professionals for the elderly.
As the baby boomer generation begins to reach retirement age, there has been much speculation as to what affect they will have on the health care industry. The baby boomer generation is the group of people born between 1946 and 1964. At one point, there were more than 76 million of them, of which 4 million died before 2000. With all this in mind, I will discuss what specific effects they will have now they are getting to that “elderly” stage.
Born between 1946 and 1964, HBCU alumni ages 51 – 170 are classified as Baby Boomers (Fogg, 2008). During this time period, there was a boost in the U.S. birthrate, and according to History.com, this baby boom is arguably due to Americans desiring to get back to normalcy after 16 years of war and depression. Because people are living longer and the birth rate is declining in America, Baby Boomers are the fastest growing demographic (Jacobson, 2015). According to Jamie Carracher, a digital health strategist, approximately 80 million Baby Boomers became senior citizens as they turned 65 in 2011. This generation now accounts for 76.3 million people and close to 24 percent of the U.S. population. According to Fogg (2008) in the article “When Generations
From 1946 to 1964 approximately 4 million people were born each year in the United States. This was the greatest surge in births of any period prior or since. In 2006 the first of these so called baby boomers turned 60 and began settling into early retirement. In 2011 the first of them turned 65, the traditional retirement age. This year another 4 million will join the ranks of the retired. Many feel the passage of the PPACA came just in the nick of time to save the ailing Medicare system that this growing senior population relies on. Medicare's financial challenges would be far greater without the health care reform
In America, people are changing their views on aging and the elderly. Some of the reasons that the attitudes are changing could be due to more elderly people are remaining in the work place longer, as opposed to retiring early. Riffkin (2014). And there is the fact that we baby boomers are living longer. Even though the U.S. only ranks 53rd with a life expectancy of 79. That’s an increase of one year since 2010. (“The World: Life Expectancy” 2016)
Experience working in the field of health care lends insight to the growing needs of the older adult population, and the barriers which impede our capacity to meet them. As the Baby Boomer age is approaching older adulthood, the rise for financial,
On the other hand, there are people that oppose the idea that the aging population is putting a burden on the health care system. Morris explained that it is not because that there is more individual in the older population cohort that is causing the rise in health care, but due to the fact that the health care system is actually doing more for the elderly compare previously. Medical standard and pattern of care has changed in the past years in the hope to make health care better for the older population, therefore more funding’s are used on the health care system. Not to mention, medical usage not only have increase in the older population but also for all other age groups as well (Morris L. Barer, 1995). As stated previously with the increase of chronic diseases, it will cause an escalation of health care costs. However, studies have shown that there is a higher utilization of health care for those with chronic conditions and it has nothing to do with age (Canadian Institute for Health Information (CIHI), 2011). In other
One challenge threatening the health care field is the shortage of workers. The shortage of Registered Nurses is well known, but the background applies to all sectors in health care. Nursing shortages have been on the rise throughout the country, in which has continued to become a problem due to an aging baby-boomer population causing increased turnover throughout the United States (Cox,Willisk,Caistasse2014). According to History.com, in 2010, baby boomers are considered to be individuals that were born nine months after World War II ended, during the years of 1946 through 1964. The baby boomers range from the age of 70 to their mid-50s. With such a large portion of the United States aging all at one time that means that there is also a great number of people going into retirement. Not only are the baby boomers leaving their health care jobs, but they are also in need of health care. There has been a recent surge of baby boomers turning 65 at a rate of almost 10,000 persons a day, which totals 79 million people or 26 percent of the total population (Cox, Willisk,Caistasse,2014). It has become very