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.
This is due to
the increased aging of the Baby Boomers and the large amount of them that live in New York State.
Not exact matches
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.
«As the
baby -
boom generation approaches retirement
age, the number
of cases
of impotence will [likely]
increase,» noted the company's annual report in 1996.
The retirement
of the
baby boomers over the next several decades will mean astronomic
increases in costs, notably for health care, with relatively fewer people
of working
age to pay them.
In his book, «God is Alive and Well: The Future
of Religion in America,» Newport argues that a number
of factors, including
baby boomers reaching senior
ages, migration to more religious states, recognition
of health and well being
of religion and an
increase in a Hispanic population, are all reasons that «we are going to continue to have a quite religious nation going forward.»
Osteoarthritis disability is rapidly becoming a significant public health issue with experts indicating that by 2020 the amount
of people having osteoarthritis would have doubled as a result
of increasing prevalence
of obesity as well as the
aging of the generation
of «
baby boomers».
The numbers
of this challenging disorder are expected to
increase three fold as
baby boomers age.
Global prevalence is slated to escalate due to
increasing age,
baby boomers and lack
of appropriate prevention measures.
This year, the combination
of growing niche markets — especially for
aging baby boomers looking for dates — and
increased interest in mobile dating apps is expected to generate «a robust» additional 4.1 percent in revenue for the online dating industry.
Potentially further shrinking the state's teacher supply are anticipated new retirements, as
increasing numbers
of Baby Boomer teachers reach retirement
age.
This market is expected to continue to grow as the average
age of vehicles on the road continues to
increase, classic cars gain in popularity and
Baby Boomers have more discretionary money to purchase these vehicles.
The average person's lifespan has
increased two years per decade for the past 50 years, said Foot, author
of the best - selling «
Boom, Bust and Echo,» which anticipated the impact of the aging baby b
Boom, Bust and Echo,» which anticipated the impact
of the
aging baby boomboom.
For those born in 1937 or earlier, that
age lines up with the preferred retirement
age of 65; however, if you're one
of the
baby boomers this
age has
increased to 66 and it's expected to climb even further for those born in 1960 or later to
age 67.
Anant Ahuja, Christopher Begg, and Jack McManus have laid out the model for East Coast Asset Management and point out that Becton Dickinson is a niche business with a diverse set
of products aimed at capitalizing on the
increasing amount
of aging baby boomers.
Increasing costs for senior citizens on a fixed income are giving an entire generation
of aging baby boomers cause for concern.
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.
The firm noted four reasons why the growth will likely continue: an
increase in the number
of households with more than one pet,
aging baby boomers getting pets, an
increasing number
of Hispanics and multicultural households getting pets, and Millennials seeing having a pet as «a good way to get ready to have a family,» according to the report.
Further, as the
baby boomers work their way through Statistics Canada's
age groups, other issues are foreseeable such as an
increased need for public health services relating to competency, the redesign
of courthouses to accommodate
increasing numbers
of people with lower levels
of mobility, and an
increase in the number
of elderly Canadians living in poverty as divorces split fixed incomes.
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.
February 13, 2017 — «Because
of an
aging baby boomer generation, Indiana is seeing a swift
increase in the number
of elder abuse and exploitation cases throughout the state.»
Following World War II, the average
age of marriage dropped, and the number
of children
increased dramatically, making the
Baby Boomer generation substantially larger than the Traditionalists.
With uncertainty over the future
of Social Security in the current White House cabinet, and an
increasing strain on the system by
aging Baby Boomers, a more prudent approach is to think
of Social Security as an insufficient means
of covering your retirement living expenses on its own.
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.
With a surge
of mature professionals (often referred to as
baby boomers) in the workforce, and the
increasing need for extended employment beyond the common retirement
age — many
boomers are still actively managing their careers and conducting job searches.
Some factors behind this growth include more demand from
aging baby -
boomers, improved access to health insurance and the
increased popularity
of cosmetic dental procedures.
The
increase is due to the
aging of the
baby boomer generation and isn't expected to last.
Three reasons for the large job growth are the Affordable Care Act's
increased medical documentation requirements, the
increasing availability
of medical care to the general population, and the
aging population
of baby boomers, who will need more medical care as they get older.
The
aging of the
baby boom generation could fuel a 75 percent
increase in the number
of Americans
aged 65 and older requiring
Med techs have an indispensable place in the health care field, and demand will
increase as a result
of the growing needs
of aging baby boomers, advances in health care technology, and changing health care laws.
As the large
baby -
boom population
ages, and as people keep more
of their original teeth than did previous generations, the need to maintain and treat teeth will continue to
increase the need for dental care.
Growth will occur primarily because
of technological advancements; an
increased emphasis on preventative care; and the large,
aging baby -
boomer population who will demand more healthcare services as they live longer and more active lives.
The growth
of the
aging baby -
boom population will continue to
increase demand for preventive medical services, which are often provided by physicians.
The generation
of baby boomers is getting older and the need for
aged care workers is
increasing accordingly.
Demand for physical therapy is expected to
increase in response to the health needs
of an
aging population, particularly the large
baby -
boom generation.
As demand for services
increase, and
Baby Boomers hit retirement
age, thousands
of job opportunities have become available.
Health information technicians who can process medical information and manage records will be paramount as
Baby Boomers age and the number
of new patients
increases.
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.
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.
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.
With the
aging of the large
Baby Boom generation, long term care and nursing facilities will require
increasing numbers
of pharmacy technicians.
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.
As the
baby -
boom population
ages and people keep more
of their original teeth than previous generations, the need to maintain and treat teeth will continue to
increase the need for dental assistants.
Elder Divorce Mediation (01/17/14) As the remaining
baby boomers turn 50 this year, we continue to see a significant
increase in divorce and separation among the general population
of those in that 50 - plus
age bracket.
«The slight
increase in median
age last year is likely another example
of the overall national trend
of baby boomers delaying retirement and staying in the workforce later than previous generations,» says Yun.
Demand for seniors» housing is expected to
increase as the
baby boom generation
ages, spurring an
increase in seniors» construction units ahead
of actual demand.
Demand for medical services and facilities will continue to
increase because
of changing health care needs
of aging baby boomers and expanded health insurance coverage created by the federal Patient Protection and Affordable Care Act.
And an
increasing number
of Baby Boomers are planning to
age in place, so they're seeking homes with bedrooms on the ground floor, wide hallways, and accessible countertops.
Baby boomers aged 55 and older represented one - quarter
of renter households in 2014, an
increase of 42 percent over the last decade.
Real estate, though cyclical, is being influenced by new parameters that have to be weighed in the balance — including demographics and preferences
of aging baby boomers, the economic impact
of ever -
increasing oil prices and the like.