Star Tribune Mon, 07 Jan 2008 03:50:40 GMT
Home care for seniors has new urgency
A wave of retiring boomers will soon swamp home health care providers unless businesses and policymakers plan for it. It's called the senior tsunami. As more than 78 million baby boomers are approaching retirement age, U.S. age demographics are shifting significantly. Seniors 65 and older will soon constitute 20 percent of the population. By 2020, it's estimated that 12 million older Americans will need long-term care. With this aging of our population, home care takes on a new urgency. Elder care is fast becoming more of a growth industry than child care. The infrastructure, however, is not yet in place to handle this coming age wave of American retirees.
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