People are living longer than ever before. In 1900, people aged 65 and older composed just over 4 percent of the U.S. population. By 2050, they will make up more than 20 percent. This unprecedented population growth is the result of significant medical advances over the past century, especially those related to the treatment of infectious disease such as pneumonia and tuberculosis. But aging population growth — especially among those older than 85, who are most likely to require expensive long-term care, suffer disability or require assistance with daily activities — comes with serious financial consequences for aging Americans and their families.
- The number of people who require the most expensive care — 85 and older — will triple by 2050.
- Unpaid family members provide as much as $450 billion in care annually.
- Careers for paid caregivers are expected to double by 2022, but average salaries for these careers currently range from just $18 to $20k per year.
MPH@GW, the online master of public health, created the following infographic to help explain the economic ramifications of a growing aging population in the United States. Please help us spread the word about this important issue.
Brought to you by MPH@GW, an MPH degree
Emily is the community relations manager for the online MHA program External link (MHA@GW) and the online master of public health (MPH@GW) offered through the Milken Institute School of Public Health at The George Washington University. She is passionate about all things health, from administrative and clinical topics to fitness and nutrition. In her free time, she enjoys powerlifting, cooking and exploring D.C.