The 78 million baby boomers in the United States will continue to shape society despite their old age. In what ways? Well, they are less likely to depend on their families and friends once the time comes that they will need assistance in carrying out their daily living activities like eating, bathing, toileting and the likes.
Around 70% of people who are 65 and above will require long term care. By the year 2020, nearly 12 million people will need long term care, and this number will surely grow with the aging baby boomer population.
Here are five ways baby boomers are changing long term care:
- Baby boomers are living longer
- Wishes to remain independent
- Not purchasing insurance
- Increase in government options
- Diverse long term care options