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SeniorCare Marketplace Statistics

  • The older population is on the threshold of a boom. According to U.S. Census Bureau projections, a substantial increase in the number of older people will occur during the 2010 to 2030 period, after the fi rst Baby Boomers turn 65 in 2011. The older population in 2030 is projected to be twice as large as in 2000, growing from 35 million to 72 million and representing nearly 20 percent of the total U.S. population at the latter date. - US Census Data

  • In July 2003, 35.9 million people were aged 65 and older in the United States, or 12 percent of the total population. Among the older population, 18.3 million people were aged 65 to 74, 12.9 million were aged 75 to 84, and 4.7 million were 85 and older.- US Census Data

  • The U.S. older population grew rapidly for most of the 20th century, from 3.1 million in 1900 to 35.0 million in 2000. Except during the 1990s, the growth of the older population outpaced that of the total population and the population under age 65. - US Census Data

  • The U.S. population continues to age. The median age (which divides the population into two groups, half younger and half older) rose from 22.9 in 1900 to 35.3 in 2000 and is projected to increase to 39.0 by 2030. - US Census Data

  • In 2000, the oldest-old population (those 85 and older) was 34 times as large as in 1900, compared with the population aged 65 to 84 that was only 10 times as large. The oldest-old population is projected to grow rapidly after 2030, when the Baby Boomers begin to move into this age group. - US Census Data

  • About 80 percent of seniors have at least one chronic health condition and 50 percent have at least two. Arthritis, hypertension, heart disease, diabetes, and respiratory disorders are some of the leading causes of activity limitations among older people.- US Census Data

  • Census 2000 counted about 14 million civilian noninstitutionalized older people with some type of disability. Older women were more likely than older men to experience disability, 43 percent and 40 percent, respectively.- US Census Data

  • Nursing homes provide the most common institutional setting for older people, with over 90 percent of institutionalized elders in the United States living in nursing homes. However, between 1985 and 1995, the proportion of older people who stayed overnight in nursing homes fell by 8 percent. - US Census Data

  • In 2000, nine states had more than 1 million people 65 and California, Florida, New York, Texas, Pennsylvania, Ohio, Illinois, Michigan, and New Jersey. Florida, Pennsylvania, and West Virginia were the states with the highest proportions 65 and older in 2000: 17.6 percent, 15.6 percent, and 15.3 percent, respectively. - US Census Data

  • Living arrangements of older people also diff er by race and Hispanic origin. In 2003, older Black, Asian, and Hispanic women were more likely than non-Hispanic White women to live with relatives. Older non-Hispanic White women and Black women were more likely to live alone (about 40 percent each) than were older Asian and Hispanic women (about 20 percent each). Older Black men lived alone more than three times as often as older Asian men (30 percent compared with 8 percent). Older Asian men were most likely to live with relatives (23 percent). - US Census Data

  • By 2030, 70 million Americans will be over the age of 65. This is one out of every five Americans.
  • By 2011, 10,000 people will be turning 65 years of age each year. And 85% will at some point require some sort of in-home caregiving assistance.
  • In 2000, more than 50 million people provided care for a chronically ill, disabled or aged family member or friend. - Source: U.S. Department of Health and Human Services .
  • 30% of family caregivers caring for seniors are themselves aged 65 or over; another 15% are between the ages of 45 to 54. - Source: U.S. Department of Health and Human Services.
  • After age 65, an American has more than a 70 percent chance of needing help with the activities of daily living like dressing, bathing, and using the bathroom. Assistance. American Society on Aging.
  • While people over 65 are expected to increase at a 2.3% rate, the number of family members available to care for them will only increase at a 0.8% rate. - Source: The Center on an Aging Society, Georgetown University.
  • American businesses can lose as much as $34 billion each year due to employees need to care for loved ones 50 years of age and older. - Source: Metlife Mature Market Institutes.
  • 44.4 million caregivers (or one out of every five households ) are involved in caregiving to persons aged 18 or over. - Source: National Alliance for Caregiving and AARP.
  • Over three-quarters (78%) of adults living in the community and in need of long-term care depend on family and friends as their only source of help; 14% receive a combination of informal and formal care (i.e., paid help); only 8% used formal care or paid help only. - Source: Thompson, L. Long-term care: Support for family caregivers.
  • Most people-nearly 79%-who need Long-Term Care live at home or in community settings, not in institutions. - Source: Agency for Healthcare Research and Quality.
  • 34 million adults (16% of population) provide care to adults 50+ years. - Source: National Alliance for Caregiving and AARP.
  • 8.9 million caregivers (20% of adult caregivers) care for someone 50+ years who have dementia. - Source: Alzheimer's Association and National Alliance for Caregiving.
  • Caregivers live an average of 480 miles from the people for which they care. - Source: Long Distance Caregiver Project - Alzheimer's Association LA & Riverside, Los Angeles, CA.
  • The vast majority of adults (78%) in the U.S. who receive long-term care at home get all their care from unpaid family and friends. Another 14% receive some combination of family care and paid help; only 8% rely on formal care alone. - Source: Thompson, L. Long-Term Care: Support for Family Caregivers. Long-Term Financing Project.
  • Forty-eight percent of caregivers reported using at least one of seven outside services (e.g., transportation, home-delivered meals, respite, etc.) to supplement their caregiving. Source: National Alliance for Caregiving and AARP.
  • Elders represent the fastest-growing age group in the United States. It is projected that the 75+ population will increase 70% by 2025.
  • Alzheimer’s disease and dementia alone afflict 4 million Americans, a figure expected to increase 350% by 2050 if no cure is found.
  • Long-term care is experiencing a substantial annual growth rate. By 2014, the Centers for Medicare & Medicaid Services predicts an 83% increase in government spending alone. By 2040, the long-term care market is projected to grow by 250%.
  • By the year 2020, 12 million older Americans will require long-term care services.
 
     
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