The financial consequences of an aging population could make access to high-quality care more difficult in the future. The old-age dependency ratio, which is just one portion of population trends tracked by the census, remained stable from the 1980s until 2010. In America, there are currently 25 retired people for every 100 working-age people. The number of retirees is expected to rise steadily until 2025 when it reaches 33 older adults for every 100 working-age people.
Women in America are having children at a slower rate, too. Birth rates started declining in the 1970s, reducing the numbers of working-age people. Last year, the total number of babies born hit a 30-year low. The median age of Americans is now 38 and it’s on the rise. The birth rate in the US has dropped since the 2008 recession. Going forward, the country will need to rely even more on the immigrant population to care for the aging population. In most states, the population of white people who aren’t Hispanic is dwindling.
The crackdown on immigration could mean more bad news for the healthcare industry. Tasked with caring for an aging population, hospitals, home care companies, assisted living facilities, and nursing care facilities have an increasing need for skilled and dedicated workers. With fewer Americans entering the workforce and fewer immigrants allowed into the country, the 10,000 Americans that reach age 65 every day may not have the support they require as their needs change.
The first wave of the Baby Boomer generation turned 65 in 2011. As the population ages, the financial implications for younger people are great. Social Security and other retirement programs could be at risk.
High-quality care is important for seniors
Finding quality home care and assistance with normal daily activities can help seniors stay in their own homes longer. In every survey and poll taken on the issue, the vast majority of the aging American population indicates that they prefer to stay in their own home for as long as possible.
When living at home isn’t an option, a high-quality assisted living center in a residential setting is an excellent choice. Seniors should expect to spend their golden years in a joyful and enriching setting.
Certain services may be covered by insurance or Medicare. Having an experienced case manager on your side will help you determine which services you need and how much you can afford. Experts in the senior care field know how to make the most of the resources you have available.
As a growing number of Americans reach retirement age, the problem of who will care for them and who will pay for that care becomes more of a reality. Start the process of learning about your senior care options by researching your local enhanced assisted living options.
To learn more about how Assured Assisted Living is setting a new standard in assisted living in Castle Rock, Colorado, please contact us.