America’s ‘Silver Tsunami’ Crisis Is Only Just Beginning
Wells Fargo estimates that an additional 1.7 million Americans are going to need some form of elder care in a decade.
Photographer: Justin Sullivan/Getty Images North AmericaHello, and welcome back to the Equality newsletter. I’m Claire Suddath, a senior writer for Bloomberg News’ Equality team. This week I’m going to talk about the impending elder care crisis in America. You can subscribe here, and share feedback with me here. But first...
Americans are getting older. By 2032, about a quarter of the US population will be over 65, up from 10% in 1970. And while it’s true that people are both living and staying healthier for longer, many will eventually need someone to care for them. A report by Wells Fargo in March estimated that an additional 1.7 million people will need some form of elder care in a decade.