The retirement of baby boomers and the rising share of elderly population
are creating health and economic crises in the U.S. The U.S. Census Bureau projects
that by 2030 there will be about 71 million Americans aged 65 and older and by 2040,
one of every five Americans will be over 65 [1]. These demographics transitions have
far-reaching implications for meeting healthcare needs and ensuring economic security
for the elderly. As the Baby Boom generation ages, a large number of frail elderly will
need health and personal care and progressively use more long-term care services
which will have major implications for healthcare costs and public policies.
Keywords: Aging demographics, Baby boom generation, Demographics,
Disability, Gender gap, Health care costs, Sociological change.
