There are currently about 35 million people age 65 or older living in the United States. Last year, the leading edge of the population tsunami that is the Baby Boomer generation turned 65. By 2030, the nation’s population of 65 or older will more than double (PDF), reaching 72.1 million people according to the federal Administration on Aging.
The increasing number of elderly Americans means an increasing demand for services, which will strain public resources at all levels. The demand will be great, but it is nothing preparation can’t take care of, and the time to prepare is now. Unfortunately, the economic recovery underway in the U.S. is slow and halting. The consequent lack of tax money means governments will likely be unable to handle the wave of elderly citizens that will soon engulf many communities. Continue reading