The United States is seeing an elder population explosion. Seniors are the fastest-growing segment, with more than 10,000 people turning 65 every day in the U.S., and are expected to number 98.2 million by 2060. The fastest-growing demographic in the U.S. is women over the age of 85.
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Compared to other age groups, older people tend to take more medication, visit more physicians and rely on relatives for daily assistance.
Adults 65 and older made up just over 14 percent of the U.S. population in 2013, and are forecast to be nearly 22 percent by 2040. The number of people aged 85 and older is expected to triple from 6 million in 2013 to 14.6 million in 2040. At the same time, research has shown that one in seven Americans aged 71 or older has some type of dementia.
Adults face an array of challenges as they turn 65 and grow older. Successfully navigating those challenges, becoming educated and forcefully advocating for themselves are imperative at this stage in life.
Longer lives can pose financial problems in an era with few traditional pensions. Seniors with defined contribution plans like 401(k)s risking outliving their assets. And longer lives mean longer periods on retirement income.
Seniors use more prescription drugs than any other age group, see more doctors and depend on family members for care.