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Future of Aging

In: Business and Management

Submitted By cjmurray34
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Aging of America and The Preventive Measures we take

Christopher J. Murray

Professor Adler HCM 625 Selected Learning Activity for December 2012

{ Salem International University, Healthcare Management Program } Abstract

Between now and 2030, the number of Americans age 55 and older will almost double. To put the demographic numbers into perspective, we will see 60 million to 107.6 million; a 10 percent increase as the Baby Boomers will reach their retirement age. Within that same time period, the number of Americans over 65 will more than double, with an increase in population of 34 million to 70 million; an almost eight percent increase (Administration of Aging). The average life expectancy has increased almost 20 years for females and 16 years for males, in part due to the advancements of our educational system and healthcare. We, as Healthcare Managers, must plan accurately because of this current trend of extended longevity.

Fail to prepare, prepare to fail. What do these words mean for our country? It is imperative that we, as Americans, prepare for the future in all aspects due to such a large population. We will see drastic increases in aging, income, and the need for a practical plan by every American because of the statistics that have been listed. The proof is in the pudding by showing the statistics given by the Administration of Aging; we see increases in all age brackets, with median incomes being $25,704 for males and $15,072 for females (Administration of Aging). There is a need for more pensions because 35 percent of Social Security beneficiaries depend upon Social Security to make up for about 90 percent or more of their income. Therefore, by referencing back to the Abstract, looking at the abovementioned statistics, as well as the necessity of Medicare

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