The Aging Tidal Wave:: How the baby boomers will SWAMP long term care and the 3 steps you can take to protect your agency

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Posted on 2020-05-12, by books_lover.

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The Aging Tidal Wave:: How the baby boomers will SWAMP long term care and the 3 steps you can take to protect your agency ABOUT THIS BOOK The Baby Boom Generation looms over the long-term care industry like a tidal wave. Every year, for the next twenty years,3 million of the 75 million baby boomers born between 1946 and 1964 will hit retirement age (Barr, 2014). By 2029, when the last roundof "boomers" retires, the number of Americans 65 or older will climb to more than 71 million (Colby & Ortman, 2014). In other words, we are looking at a tidal wave of more than 30 million additional retirees in the next fifteen years. Currently, long-termcare service providers serve approximately 8 million people (Harris-Kojetin, Sengupta, Park-Lee, &Valverde, 2013). However, by 2050, the number of people using nursing facilities, alternative residential care places, or home care services, however, is projected to exceed 27 million (Evashwick, Frates & Fahey, 2008). The long-term care industry is simply not preparing to serve this sudden spike in the elderly population. So far, the growth in the number of se
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