Elderly Baby Boomers May See Caregiver Shortage
Ratio of number available dropping due to longer life spans and reduced population of younger people
Americans should anticipate a huge shortage of caregivers available to take care of the boomers in the next decades, the American Association of Retired Persons (AARP) reports on Monday.
According to the report titled The Aging of the Baby Boom and the Growing Care Gap, there will be only four caregivers available for every one baby boomer or those 80 years old and above by 2030. It used to be seven back in 2010. By 2050, further drop will happen with a ratio of 3 to 1.