Economy

Pew Research Reports on Global Views of Aging

According to a recent report by Pew Research, US citizens are less worried than other countries about the aging of the population. Despite the fact that the number of adults aged 65+ is expected to rise from 13% to 21% of the total population by 2050, Pew Research reports that only one in four believes that aging is a “major problem.”

Attitudes About Aging: A Global Perspective / Pew ResearchThe report continues:

American public opinion on aging differs dramatically from the views of the nation’s major economic and political partners. Americans are less likely than most of the global public to view the growing number of older people as a major problem. They are more confident than Europeans that they will have an adequate standard of living in their old age. And the U.S. is one of very few countries where a large plurality of the public believes individuals are primarily responsible for their own well-being in old age.
This is not because the U.S. is perennially young. American baby boomers are aging, and one-in-five U.S. residents are expected to be 65 and older by mid-century, greater than the share of seniors in the population of Florida today. It is also projected that the share of people 65 and older in the U.S. will eclipse the share of children younger than 15 by 2050.
But the U.S. is aging less rapidly than most of the other countries. In 2010, the global median age (29) was eight years lower than the U.S. median age (37). By 2050, the difference in age is projected to narrow to only five years. Also, driven by immigration, the U.S. population is expected to increase by 89 million by mid-century even as the populations of Japan, China, South Korea, Germany, Russia, Italy and Spain are either at a standstill or decreasing. For these reasons, perhaps, the American public is more sanguine than most about aging.

The report also notes that, because of the slower rate at which the US population is aging, it “may be in a position to experience a more robust economic future in comparison with other developed nations.”

Attitudes About Aging: A Global Perspective / Pew ResearchAs a companion to the report, Pew Research released an interactive graph that shows the population changes over time, both globally and in the US. Spanning 100 years between 1950 and 2050, it shows clearly the trend of aging populations and may encourage, if not worry, at least concern and attention. One thing that becomes apparent after viewing the graph is the growing need for quality long-term care options such as Assisted Living. If you’re in the market for long-term care, make sure you understand the difference between Assisted Living and other options. When you’re ready to begin touring potential homes, take along CALA’s consumer checklist. With these tools, you’ll be on your way to finding the residential setting that fits you.

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6 thoughts on “Pew Research Reports on Global Views of Aging

  1. Reblogged this on Questions. Answers. Long Term Care. and commented:
    Maybe this is the main reason why Americans are so adamant when it comes to long term care insurance. Most Americans usually feel that they can handle the stress (both financially and mentally) when they or someone they love requires a nursing facility…and maybe take care of them themselves. This is actually one of the most common mistake that people normally do, according to http://www.acsia.com. Remember, there are illnesses that should be attended my medical professionals and playing doctor-patient on situations like this can cost you a life.

  2. As the aging population increases, the crisis on long term care services increases as well. Americans tend to ignore the benefits of having long term care insurance because they think they can self insure or rely to family members when the need arises. However, millions of dollars in income are lost due to family members who leave their work to care for a loved one. And they usually realized this too late… little did they know that it would be easier to pay monthly premiums than to pay a large lump sum of money for nursing homes and other long term care settings. Infolongtermcare stressed that you will get quality long term care services if you have planned for it because you get to choose the settings you need and preferred.

  3. Interesting! A comprehensive guide about moving into a long term care facility. Thank you for the copy 🙂 I have also been writing guides and tips about long term care and long term care insurance at infolongtermcare, after seeing and hearing horror stories of how families become devastated and drained of all their assets struggling to pay the cost of care out of pocket, I became passionate on educating people on its importance. The fact that my parents have cared for my grandparents makes me aware of the impact of long term care to the aging population. Some of the articles posted here : http://www.infolongtermcare.org/long-term-care-insurance-information/ are my works. I hope we get to educate more people 🙂

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