Older adults are projected to outnumber children under age 18 for the first time in U.S. history by 2034, according to Census Bureau projections. 9/10 people want to be cared for at home if terminally ill.  (Source: US census Bureau)

By 2030, All Baby Boomers Will Be Age 65 or Older 

 

An estimated 117 million Americans needed assistance of some kind in 2020, yet the number of unpaid caregivers only reached approximately 45 million

(Source: Forbes)  

 

About 40 million people in the U.S. are full or part-time caregivers for a member of their family. Two-thirds of these caregivers are women and half of these women are working outside the home to provide for their families.

Unfortunately, these caregivers often have to reduce their working hours or quit their jobs to provide the care that a family member requires. As a result, they often lose seniority or a reduction in their retirement or social security benefits because of their decision to leave the workforce.

AARP has reported that these family caregivers spend an average of $7000 per year on out-of-pocket expenses to care for their family members. . For patients with dementia, the costs exceed $10,000 per year. (Source: Forbes)

 

The US could see a shortage of up to 120,000 physicians by 2030. (This is such a sad projection. What will happen when the shortage comes? Who will take care of us...our parents...our kids? )

(Source: US census Bureau)