The main reasons behind this job growth are increasing medical care availability to the general public, the growing
age of baby boomers, and the rise of medical documentation requirements.
There is some speculation that in the coming months and years insurance rates could start to be increased and changed to account for the increased
age of baby boomers.
We need more young workers to fund the old
age of the Baby Boomers.
The series also explores how
the aging of the baby boomer generation will affect politics and well - being.
«The longer term outlook is especially positive for multifamily construction, reflecting
the aging of the baby boomers and an associated shift in demand from single - family to multifamily housing.
The share is projected to slip further, to 23 % by 2050, even as the percentage of people 65 and older is expected to jump from 13 % today to roughly 20 % by 2050 due to
the aging of baby boomers and beyond.
Two papers published online in Annals of Emergency Medicine highlight a problem that promises to grow rapidly with
the aging of the Baby Boom generation.
The aging of the baby boomer population has seen a lot of dating more and more.
Its business model is simple, and demographic trends — namely
the aging of the Baby Boomers — suggest healthy growth for the foreseeable future.
We discuss several «secular» factors in this article, such as
the aging of the baby boomer generation, or the swift evolution of technology.
Also aiding health care's outperformance has been innovation in biotechnology, greater access to health insurance and
aging of the baby boomers.
The aging of the baby boomer generation, increased life expectancy, and deteriorating dependency ratios are putting upward pressure on the government's implicit liabilities and debt.
I link this trend to
the aging of the Baby Boomers: they'll get more conservative with age — that, and casual dress looks just awful when you're 65 with a sagging ass.
The most important factor appears to have been
the aging of the baby boom generation and the resulting increase in the number of worker retirements.
Other demographic changes will intensify the need for flexibility among lawyers, like
the ageing of the baby boomer population with corresponding caregiving responsibilities.
It is expected that
the aging of the baby boomer generation in the US will increase the demand for this type of instrument and for it to be optimized for the annuitant.
The rising
ages of the baby boomer generation isn't a good thing or a bad thing, it's just what happens.
One of the main reasons for this growth is
the aging of baby boomers, who likely will need more prescriptions as they get older.
Several reasons are cited for this, but
the aging of the baby boomer generation is expected to put greater demands on the healthcare profession.
The increase is due to
the aging of the baby boomer generation and isn't expected to last.
The aging of the baby boom generation could fuel a 75 percent increase in the number of Americans aged 65 and older requiring
The BLS attributes the increase in part to
the aging of the baby boomer generation, as well as more people wanting to keep their real teeth instead of opting for dentures.
This is due to the increased
aging of the Baby Boomers and the large amount of them that live in New York State.
Advances in pharmaceutical research have resulted in the increased use of medications to fight disease, and
the aging of the baby boomers has created a large generation of older people, who on average use more prescription drugs.
Much of this growth in the medical assistant field is due to
the aging of the baby boom population, a group that will require increased medical care over the next several years.
This faster - than - average growth will be spurred by
the aging of baby boomers and cost - saving measures that substitute assistants for more costly health professionals.
Edwards: Health care real estate really does enjoy tremendously strong fundamentals, unwritten in large measure by
the aging of the baby boomers.
NORWOOD:
The aging of the Baby Boomers.
But
the aging of the baby boomers could reshape the U.S. housing market and economy in the coming years.
The aging of baby boomers also means fewer are commuting to jobs, herding family members to activities or even traveling, in general, said Polzin, of the University of South Florida, in Tampa.
The aging of the baby boomer generation, increased life expectancy, and deteriorating dependency ratios are putting upward pressure on the government's implicit liabilities and debt.
Not exact matches
However, our study found that
Baby Boomers (
age 53 - 70) make up 24 percent
of the on - demand workforce, while GenX's (
age 35 - 52) actually make up a greater percentage (41 percent) than Millennials
aged 18 - 34 (35 percent).
The cohort
of Americans over
age 65 is expanding much faster than the workforce; from 2017 to 2030, 20 million more
baby boomers will reach retirement
age, while only 14 million Americans will begin employment.
Aquatic resistance workouts are growing in popularity, probably due to the
aging population
of active
baby boomers.
But now, with the
aging baby boom generation threatening to strain the country's single - payer system to the breaking point, provinces are exploring new avenues
of public - private partnership.
Although they are most likely to be millennials, Aspirationals can be any
age; 11 %
of them are seniors and 20 % are
baby boomers.
The labor force participation rate has fallen due to cyclical factors such as workers temporarily dropping out
of the workforce because
of discouragement over job prospects, but also due to structural forces such as the
Baby Boomers reaching retirement
age and younger workers staying in school longer.
Moreover, the admittedly quite uncertain long - term budget exercises released by the CBO last October maintain an implicit on - budget surplus under baseline assumptions well past 2030 despite the budgetary pressures from the
aging of the
baby -
boom generation, especially on the major health programs.
As our country's population continues to
age (according to the U.S. Census, by the year 2030, there will be over 57.8 million «
baby boomers» between the
ages of 66 and 84), the demand for quality homecare is sure to increase.
And Forrester researchers highlighted in a study that
baby boomers, between the
ages of 51 and 69, are the «biggest spenders» because they have extra cash from decades
of saving and investing — something millennials just can't afford.
Like sands through the hourglass, America's 76 million
Baby Boomers have come
of age: retirement
age, that is.
Generation X (
aged 35 to 54) is saving 8 %
of their income and working
baby boomers (55 and older) are socking away just 5 %.
For example, not only are millions
of Baby Boomers now reaching retirement
age, some 90 million so - called Millennials or «Gen - Yers» are now entering the workforce — and creating new patterns
of consumption and demand, says Jack Plunkett, CEO at Plunkett Research.
One recent survey found that 30 %
of millennials (defined as
ages 18 to 36) said they had discussed their pay with coworkers, compared with just 8 %
of baby boomers (
ages 53 to 71).
In comparison,
baby boomers held an average
of 11.9 jobs from
age 18 to
age 50.
Not only that, the arrival
of the
baby -
boom generation at retirement
age over the next two decades will see the ratio
of seniors to working -
age people (
aged 20 to 64) go from just over 1:5 in 2006 to 1:2 by 2056.
Overall, a majority (51 %)
of respondents
aged 18 - 34 said they thought that «the policies and actions undertaken by the
Baby Boomer generation» had made things worse for America.
In other words, demographics alone have shaved two percentage points off participation, as the large
baby boomer generation started to reach retirement
age around the start
of the recession.»
The generation with the largest chunk
of savers holding equity stakes at least 10 percentage points above Fidelity's recommended allocation for their
age is
baby boomers, coming in at 26 percent.
Part
of that decline has been due to difficult economic conditions after the financial crisis
of 2008, but part
of it is also due to simple demographics: The
baby boomers are hitting retirement
age, and young people are more likely to go to college or graduate school, meaning that fewer people will want to work.